Massive tech business notes record date, 900% interim dividend, and Q4 profit decline
HCL Tech Q4 Earnings and Dividend The fourth quarter results have been announced by HCL Tech, the top tech business in the nation. In addition, the business has announced a dividend for investors. Be aware of the record date.
HCL Tech Q4 Earnings and Dividend HCL IT, a well-known IT and IT business, has revealed the fourth quarter FY24 results. By doing this, the business has given investors an interim dividend. HCL Tech announced an interim dividend of 900 percent. The company’s earnings for the fourth quarter have decreased concurrently. It has also fallen short of expectations. On the plus side, though, the company’s revenue has increased. But Kanso’s earnings has also fallen short of projections.
HCL Tech Q4 Results and Dividend: Rs 18 per share is the declared dividend; notice the record date.
The board of directors of HCL Tech has declared an interim dividend of Rs 18 per share (HCL Tech Interim Dividend) at Rs 2 per share, the firm said in its regulatory filing. The HCL Tech Record Date of May 7, 2024, has been set as the record date for this. The payment date for this interim dividend is May 15, 2024. Conso’s profit decreased from Rs 4350 crore to Rs 3986 crore (estimated at Rs 4220 crore) on a quarterly basis in the fourth quarter of FY 2024.
HCL Tech Q4 Results: While corporate profit decreased in the fourth quarter, Kanso income soared.
The company’s consolidated income climbed from Rs 28,446 crore to Rs 28,499 crore (estimated at Rs 28,650 crore) on a quarterly basis, according to information provided to the stock market. In addition to this, HCL Tech’s operating profit has decreased on a quarterly basis. The company’s EBIT dropped to Rs 5024 crore from Rs 5644 crore. The margin has decreased from 19.8% to 17.6% on a QoQ basis. In FY25, there could be a three to five percent increase in CC revenue.
HCL Tech Q4 Results and Dividend: The company’s shares decreased by 2% but returned 37.88% over the course of a year.
HCL Tech shares ended Friday’s trading session at Rs 1472.30, down 2.08 % on the BSE amid the market’s decline. This share dropped 1.81 percent to close at Rs 1,477 on the NSE at the same time. The 52-week high for HCL Tech is Rs 1,697. However, the 52-week low is 1,048 rupees. In the past six months, the company’s shares have returned 16.42%, and over the course of a year, they have returned 37.88%. HCL Tech is valued at Rs 4 lakh crore on the market.
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