Stock to watch: HCL Tech shares in focus on strong Q2FY25 earnings, dividend announcement
HCL Technologies are expected to remain in focus on Tuesday after India's third largest IT company by way of market capitalisation reported strong Q2FY25 earnings on Monday and declared an interim dividend of Rs 12 per share.
HCL Technologies reported a 10.5% jump in its September quarter consolidated net profit to Rs 4,235 crore, up from Rs 3,832 reported by the company in the year-ago period.
The revenue from operations stood at Rs 28,862 crore, higher by 8.2% over Rs 26,672 posted by the company in the corresponding quarter of the previous financial year. Both revenue and PAT were above of ETNow poll estimates of Rs 4,120 crore and Rs 28,550 crore, respectively.
The company announced an interim dividend of Rs 12 per share. It has set October 22, 2024, as the record date for the payment of interim dividend. The payment date will be October 30.
FY25 Guidance
The company has given its revenue growth guidance between 3.5% — 5.0% YoY in constant currency terms.
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