HCL Tech Q3 results: Amidst the corporate landscape, HCL Technologies‘ Board of Directors has decreed an interim dividend of Rs 12 per equity share. The record date has been firmly etched on the calendar for January 20, and the funds are slated to grace the accounts on January 31.
In the intricate tapestry of India’s information technology realm, HCL Technologies, securing its position as the third-largest entity, unfurled a robust performance in the third quarter. A net profit of Rs 4,350 crore materialized, marking an impressive 6 percent year-on-year escalation. This achievement harmonized closely with, if not surpassed, the prognostications of discerning analysts.
The financial echelons of the company resonated with prosperity, with the revenue scale ascending to Rs 28,446 crore, a notable 6.5 percent YoY upswing. The augury for the CC Revenue growth, incorporating the ASAP acquisition, hovers within the realm of 5.0 percent to 5.5 percent YoY. Concomitantly, the envisaged EBIT margin oscillates between the narrow confines of 18.0 percent and 19.0 percent.
It merits attention that HCL Technologies, in a rather avant-garde stance, outshone its industry counterparts, including formidable rivals such as TCS and Infosys, during the December quarter. This feat, a defiance of the customary seasonality challenges endemic to the IT sector, adds an extra layer of commendation.
As the curtains descended on today’s trading session, the company’s shares experienced an upward trajectory, culminating in a commendable 4.6 percent surge. Analysts’ foresight materialized, anticipating a stellar performance from HCL Technologies in Q3FY24.
Simultaneously, the august HCL Tech Board of Directors, in a resonant echo of fiscal prowess, announced an interim dividend of Rs 12 per equity share. The predetermined record date looms on the horizon for January 20, with the eagerly awaited remuneration scheduled to grace the pockets of stakeholders on January 31.
To read many such news related to the world of entertainment, stay connected with us on hourlynews.org!
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