HCL Technologies Makes Profit Of Rs 4,350 Crore, Announces Dividend

Akash Kumar Mishra
3 Min Read
HCL Technologies

Contrary to all apprehensions, the quarterly results of IT sector companies have been good. Due to the ongoing global slowdown in the IT sector, this industry was in crisis for some time. Sector giant HCL Technologies has declared the results of the third quarter of the current financial year.

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Apart from this, dividends have also been announced for the shareholders. The net profit of the IT company in the October-December quarter was Rs 4,350 crore. With this, the company’s net profit has increased by 13.5 per cent compared to the previous quarter.

The Company’s Revenue Also Increased To Rs 28446 Crore.

The company’s revenue increased by 6.65 per cent to Rs 28446 crore. In the July-September quarter, this figure was Rs 26,672 crore. According to the quarterly results, a 6.2 per cent increase has been recorded in net profit annually.

Apart from this, revenue from operations has also increased by 6.5 per cent. In the third quarter of the financial year 2023-24, the company won 18 deals worth approximately $1927 million. The company got good deals from the telecom, media, publishing and entertainment industries.

Decrease In The Number Of Employees

As of December 2023, the company’s total number of employees (HCL Employees) was 2,24,756. The company added 3818 freshers during this period. However, due to people leaving their jobs, the number of employees has increased by only 3,617. The attrition rate of the company stood at 12.8 per cent.

However, there has been a lot of improvement in it annually. The attrition rate in the same quarter last year was 21.7 per cent. In the second quarter of the recent financial year, this figure was 14.2 per cent.

Declared Interim Dividend Of Rs 12

HCL Tech has also declared an interim dividend of Rs 12 per share. Its record date has been fixed as 20th January and payment date as 31st January. These results were released after the market closed. Despite this, the company’s shares jumped 57.25 (3.85 per cent) and closed at Rs 1,543 on BSE. Shares of other companies in the IT sector also closed higher on Friday.

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By Akash Kumar Mishra Co-founder and Journalist
Akash is a seasoned journalist and the co-founder of our organization. As managing editor, he oversees our editorial operations and ensures that our content is accurate, relevant, and engaging. Akash's extensive journalism experience and passion for delivering high-quality news make him an invaluable team member.