The board of HCL Technologies has also declared a dividend of Rs 10 per equity share, with a face value of Rs 2.
HCL Q1FY23 Results: IT services company HCL Technologies has announced the results of the first quarter of the financial year 2022-23. HCL Technologies’ consolidated net profit declined 8.6 per cent to Rs 3,283 crore in the first quarter of the current financial year ended June 2022. However, the company’s PAT (Profit After Tax) profits have grown at the rate of 2.4 per cent year-on-year. On Tuesday, the company’s board also announced a dividend of Rs 10 per equity share, with a face value of Rs 2. The company gave this information on Tuesday.
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Income increased by 17 percent
During the quarter, the company’s income has increased by almost 17 percent to Rs 23,464 crore. The company in its assessment for the current financial year said that its revenue is expected to grow by 12 to 14 percent in 2022-23. Roshni Nadar, Chairperson, HCL Technologies said, “Today technology is at the heart of life and business. In such a situation, HCL is accelerating the digital transformation journey of its customers. We will pursue our growth strategy responsibly towards our stakeholders and communities.
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Declaration of dividend of Rs 10
The Board of HCL Tech has announced an interim dividend of Rs 10 per share of Rs 2 for the financial year 2022-23. C Vijayakumar, Chief Executive Officer (CEO) and Managing Director of HCL Technologies said that the company has started the financial year 2022-23 with a ‘strong stance’.