HCL Tech Q1 Results: IT giant declares interim dividend of ₹12 per share

HCL Tech Q1 Results: Information Technology (IT) giant HCL Technologies Ltd has declared an interim dividend of ₹12 per share of ₹2 each for FY25. The tech major today (Friday, July 12), announced its first quarter results for FY25. HCL Tech share price closed 3.20% higher at ₹1,560.40 apiece on BSE today.

“The board of directors has declared an interim dividend of ₹12 /- per equity share of ₹2/- each of the Company for the Financial Year 2024-25,” the company said in an exchange.

The company has set July 23, 2024 as the record date for the payment of the dividend. The payment date of the said interim dividend is August 1, 2024.

“The record date of July 23, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the board of directors. The payment date of the said interim dividend shall be August 1, 2024,” added the company.

The company projects revenue growth of 3% to 5% for FY25. According to a company release, the IT giant also projects services revenue growth in CC to be between 3% and 5% YoY. EBIT margin is expected to be between 18.0% and 19%.

HCL Technologies Ltd on Friday reported an 20.5% year-on-year rise in its consolidated net profit (attributable to shareholders of the company) for the fiscal's first quarter ended June (Q1FY25) to ₹4,257 crore. The company had reported a profit of ₹3,534 crore in the year-ago period. Sequentially, the consolidated net profit was up 6.8%.

The IT company's consolidated revenue from operations stood at ₹28,057 crores during the quarter ended June from ₹26,296 crore in Q1FY24, a year-on-year jump of 6.7%. Sequentially, the growth marginally low, down by 1.6% from ₹28,499 crore in Q4FY24.

The company's consolidated total income for the quarter ended June slumped by nearly 9.5% year-on-year to ₹29,160 crore.

“HCL Tech delivered an INR revenue growth of 6.7% YoY, healthy given the global environment. EBIT margins came in at 17.1%, steady on YoY basis. We delivered PAT of ₹4,257 Crores for the quarter, which translates to YoY growth of 20.4%. Our cashflow generation remains robust with LTM FCF at ₹21,637 Crores, 133% of PAT and 88% of EBITDA. We remain committed to improving our capital efficiency and are pleased to report Last Twelve Month (LTM) ROIC for the company is up 350 bps YoY at 34.6% and for Services business is up 476 bps YoY at 42.8%,” said Prateek Aggarwal Chief Financial Officer HCL Tech in a press release.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.