IT company HCL Tech's net profit in the July-September quarter has increased by 11% on an annual basis (YoY) to Rs 4,235 crore. In the same quarter last year (Q2FY23), the company's net profit was Rs 3,832 crore.
Whereas in the last quarter (Q1FY25) it was Rs 4,257 crore. That means the company's net profit has declined by 0.51% on quarterly basis (QoQ). HCL released the results for Q2FY25 i.e. the second quarter of FY 2025 on Monday (October 14).
HCL Tech announces dividend of Rs 12
The board of HCL Tech has also approved an interim dividend of Rs 12 per share to the shareholders. Companies give some part of the profits to their shareholders, it is called dividend.
HCL Tech's revenue increased by 8.21% to ₹28,862 crore.
HCL Tech's revenue in the second quarter increased by 8.21% year-on-year to Rs 28,862 crore, compared to Rs 26,672 crore in the same quarter last year. Whereas in the last quarter (Q1FY25) the company's revenue was Rs 28,057 crore. That means the company's revenue has increased by 2.86% in Q2FY25 compared to Q1FY25.
HCL Tech shares gave a return of 46.78% in one year
Before the results, HCL shares closed at Rs 1,865 with a gain of 1.38%. HCL Tech shares have given returns of 6.34% in last 5 days, 2.93% in 1 month, 23.92% in 6 months and 46.78% in 1 year.
If we talk about this year only i.e. from January 1 till now, the company's shares have given a return of 25.70%. During this period it has increased by Rs 381. The market value of the company is Rs 5.02 lakh crore.
Shiv Nadar is the founder of HCL Tech.
The founder of HCL Tech is Shiv Nadar. He founded HCL in 1976. Its Chief Executive Officer (CEO) and Managing Director is C Vijayakumar. The company deals in digital, engineering, cloud and software. More than 2,27,481 employees work in HCL.
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