HCL Tech Dividend: Board announces interim dividend of ₹12 per equity share

HCL Tech Dividend: HCL Technologies' board of directors announced the issue of an interim dividend for the financial year 2024-25, according to the company's BSE filing on Monday, October 14.

The company is offering an interim dividend of ₹12 per equity share of ₹2, according to the exchange filing.

“The Board of Directors has declared an Interim Dividend of Rs. 12 /- per equity share of Rs. 2/- each of the Company for the Financial Year 2024-25,” said the company in the exchange filing on Monday.

HCL Technologies shares closed 0.89 per cent higher at ₹1,856 after Monday's trading session, compared to ₹1,839.55 at the previous market close. The company released its July to September quarter results after market operational hours on Monday.

The company has set the record date for the interim dividend issue on Tuesday, October 22, and the payment will be on October 30, as per the filing.

“The Record date of October 22, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors,” said HCL Tech in its second-quarter results release. “The payment date of the said interim dividend shall be October 30, 2024,” they said.

HCL Tech Q2 Results

HCL Technologies, the third-largest IT firm in India, announced its July to September quarter results on Monday, October 14. The company recorded a 10.5 per cent rise in the consolidated net profits for the second quarter of the financial year 2024-25 at ₹4,235 crore, compared to ₹3,832 crore in the same quarter the previous year.

The company's revenue from operations rose 8.2 per cent to ₹28,862 crore in the July to September quarter, compared to ₹26,672 crore in the same period the previous financial year, according to the company's BSE filing.

The company's attrition rate also dropped to 12.9 per cent in the second quarter from 14.2 per cent in the same quarter the previous year. The IT firm said the total number of people counted as of September 30 stood at 2,18,621, compared to 2,21,139 on September 30, 2023.

HCL Tech's expenses for the second quarter also rose 7.85 per cent to ₹23,631 crore, compared to ₹21,909 crore in the corresponding year.