HCL Technologies announces Rs 18 per share dividend, sets Jan 17 as record date

HCL Tech on Monday announced a fourth interim dividend of Rs 18 per share for the financial year 2024-25 which includes a special dividend of Rs 6 per share to celebrate 25 years of the company’s public listing. The record date for the payment has been set on January 17, 2025 while the payment date is January 24, 2025.

The announcement was made along with HCL's Q3FY25 earnings where India's third largest IT services company reported a 5.5% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. The revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.

The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).


In constant currency (CC) terms, revenue growth for the quarter stood at 4% YoY. Meanwhile, the USD revenues during the reporting period rose 3.5% YoY to $3.53 billion.

In its FY25 guidance, HCL Technologies said that the company revenue growth is expected to be between 4.5% - 5.0% YoY in CC. The services revenue growth is expected to be between 4.5% - 5% YoY in CC while Earnings Before Interest and Taxes (EBIT) margin to be between 18% and 19%.

Commenting on the results, HCL Chairperson Roshni Nadar Malhotra said, “HCLTech is well positioned as AI-led transformation brings new opportunities
for growth. We continue to deliver industry-leading performance with governance and sustainability at the core"

Meanwhile, CEO & Managing Director C Vijayakumar called the company's Q3 "another quarter of solid growth at 3.8% QoQ in constant currency and EBIT at 19.5%".

He said that HCL's new deal bookings were healthy during the quarter at $2.1 billion with wins across services and software. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees. We continue to see growing demand for our AI led propositions
across services and software offerings.

Also Read: HCL Technologies Q3 Results: PAT grows 6% YoY to Rs 4,591 crore, revenue up 5%, Rs 18 dividend declared

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)