HCL Tech Q1 Results: Major leader in the IT industry HCL Technologies Ltd. released its Q1 results, the tech company reported a 20% increase in net profit and an interim dividend of ₹12 per share for FY25. This dividend is for shares with a face value of ₹2 each. The business revealed its first-quarter results for the fiscal year 2025 on Friday, July 12, showcasing remarkable development. The BSE saw a 3.20% increase in HCL Tech’s share price, which ended at ₹1,560.40 a share.
Impressive Profit Growth in Q1FY25
For the first quarter of FY25, HCL Technologies recorded a consolidated net profit of ₹4,257 crore. Compared to the ₹3,534 crore profit in the same time previous year, this is a notable 20% gain. The company’s excellent market position and business initiatives are reflected in its outstanding performance.
Key Dates for Dividend Payment
The record date for this interim dividend is July 23, 2024, according to HCL Tech. The dividend is payable to shareholders who have records as of this date. The dividend is actually scheduled to be paid on August 1, 2024. The company’s dedication to provide its shareholders with rewards includes this declaration of a dividend.
Market Reaction to Quarterly Results
The shares of HCL Tech rose on the announcement of the Q1FY25 results and the interim dividend. As a result of investor trust in the company’s financial standing and future prospects, the stock closed 3.20% higher.
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