HCL Tech Q1 Results: Net profit of 3435 crores to the company, announcement of Dividend for investors

Popular IT company HCL Technologies has declared an interim dividend of Rs 10 per equity share for the financial year 2023-24 on Wednesday, July 12. As per BSE filing, the record date for the dividend has been fixed as July 20, 2023, and the payment date as August 1, 2023.
According to the filing, the board of directors has declared an interim dividend of Rs 10 on each equity share of Rs 2 of the company for the financial year 2023-24. Let's know the full news.
HCL Technologies on Wednesday reported a net profit of Rs 3,435 crore for the April-June 2024 quarter (Q1 FY24). The company's Ebitda margin for the quarter stood at 16.9 percent, as against 18.25 percent in the previous quarter. The record date of July 20, 2023, set for the payment of the interim dividend, has been confirmed by the Board of Directors. Let us tell you that the payment date of the said interim dividend will be August 1, 2023.
The country's third-largest IT services company has announced a 7.6 percent year-on-year rise in net profit for the first quarter that ended June 30. However, compared to the previous quarter, net profit declined by 11.2 percent due to cuts in deals in sectors such as hi-tech and telecom.
In terms of consolidated revenue, the company experienced a 12 percent year-on-year growth at Rs 26,296 crore for the quarter, as against Rs 23,464 crore in Q1FY23. Let us tell you that the shares of HCL Technology closed the day's trading at Rs 1,108.3 on Wednesday, which is a decline of 0.59 percent compared to the previous day.