HCL Technologies Ltd. announced on Friday that its net profit for the third quarter increased by 6.23 per cent to Rs 4,351 crore from Rs 4,096 crore in the same time last year. The overall revenue of the Noida-based IT company increased to Rs 28,816 crore in Q3 FY24 from Rs 26,960 crore in the same period the previous year.
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In an uncertain demand environment, we remain confident of our continued growth momentum enabled by our business mix, our people, and laser-sharp focus on delivering innovation and hyper-automation to our clients,” said C Vijayakumar, MD and CEO at the country’s third largest IT services firm.
The quarterly results were announced post-market hours. Shares of HCL Tech settled with 3.85 per cent gains at Rs 1,543 earlier in the day.
For the fiscal year 2023–2024 (FY24), the board of HCL Tech has declared an interim dividend of Rs 12 per equity share of Rs 2.
The record date for the payment of the aforementioned interim dividend is set for January 20. and the payment date will be January 31.
According to the company’s projection for FY24, year-on-year (YoY) sales growth might range from 5% to 5.5%.
In the December quarter, HCL Tech closed 18 large deals worth $1.9 billion, with 6 significant deals in the services sector and 12 in the software sector.