HCL Tech Q3 Results: Board Approves Interim Dividend of ₹12 per Share

HCL Tech, one of India’s largest IT services companies, has announced its Q3 results and approved an interim dividend of ₹12 per share for the financial year 2023-24. The company reported a 13.5% sequential growth in net profit during the Oct-Dec quarter, reaching ₹4,350 crore.

The record date for the payment of the interim dividend is set for January 20, 2024, while the final payment will be made on January 31, 2024.

The Board of Directors confirmed the record date and stated, “The payment date of the said interim dividend shall be January 31, 2024.”

HCL Tech’s consolidated net profit for Q3 FY24 surpassed market expectations, reaching ₹4,350 crore, a 6.2% YoY increase. The company’s consolidated revenue from operations also rose by 6.5% YoY to ₹26,700 crore.

In terms of constant currency, HCL Tech’s revenue showed a 6% sequential and 4.3% annual increase, amounting to $3,415 million. The operating margin improved by 140 basis points QoQ, reaching ₹5,615 crore.

Catch all the latest updates on HCL Tech and its Q3 performance on Live Mint.