HCL Tech Q2 Results 2024: Information technology (IT) services company HCL Technologies' consolidated net profit for the second July-September quarter of the current financial year has increased by 10.51 percent to Rs 4,235 crore. The company had recorded a net profit of Rs 3,832 crore in the same period a year ago.

The company said on Monday that its revenue during the quarter under review stood at Rs 28,862 crore, which is 8.21 percent more than Rs 26,672 crore in the same period a year ago.

The company has strong orders.

HCL Tech CEO and Managing Director C Vijayakumar said the company has a strong order pipeline in the coming times, which includes data and AI, digital engineering, SAP migration, and skill-based programs.

HCL Tech's workforce reduced by 780

HCL Tech Chief Financial Officer (CFO) Shiv Walia said, "The increase in revenue has been accompanied by better profitability. Our earnings before tax (EBIT) margin increased by 1.49 percent to 18.6 percent in the second quarter." HCL Tech's employee strength declined by 780 during the quarter under review, taking the total employee strength to 2,18,621.

Interim dividend of Rs 12 declared

The Noida-headquartered company expects annual revenue growth of 3.5-5.0 percent on a constant currency basis. The board of directors of the company has declared an interim dividend of Rs 12 per equity share of Rs 2 each for 2024-25.

HCL Dividend Record Date

The company said that the record date for determining the eligibility of shareholders for payment of the said interim dividend will be October 22, 2024, subject to the approval of the interim dividend by the board of directors. The payment date of this interim dividend will be October 30, 2024.