Q3 of Fiscal Year 2024. The company's net profit climbed to ₹ 3,986 crore in the January-March quarter on an annual basis (YoY) growth of 0.07%.
The company's net profit for the same quarter (Q4FY23) previous year was ₹3,983 crore. It was ₹4,350 crore in the third quarter of FY24, however. This indicates that during the fourth quarter, the company's net profit on a quarterly basis (QoQ) decreased by 8.4%.
HCL Tech declared an 18-rupee dividend.
Additionally, a dividend of Rs. 18 per share has been approved by the HCL Tech Board of Directors. Dividends are payments made by businesses to their shareholders from their profits.
HCL Tech made ₹28,499 crore, a 7.1% rise in revenue.
From ₹26,606 crore in the same quarter previous year to ₹28,499 crore in the fourth quarter, HCL Tech's revenue climbed by 7.1% year over year.
In contrast, the company's income for the third quarter of FY24 was ₹28,446 crore. This indicates that in comparison to the third quarter, the company's income climbed by 0.2% in the fourth quarter.
The total revenue of HCL Tech increased by 8.33% in the fiscal year 2024.
From Rs 1,01,456 crore in FY2023 to Rs 1,09,913 crore in FY2024, the income from operations climbed by 8.33%.
From Rs 14,845 crore in FY23 to Rs 15,710 crore in the most recent fiscal year, the company's net profit climbed by 6%.
The earnings per share of HCL Tech grew from Rs 54.85 in FY 2023 to Rs 57.99 in FY 2024.
3,096 fresh hires were made by the organization in the fourth quarter.
In the fourth quarter, which concluded on March 31st, HCL Tech hired 2,725 workers. In the fourth quarter, 3,096 fresh hires were made by the organization.
Throughout the year, 12,141 freshmen were hired by the organization. There were 2,27,481 people working for the company overall in Q4 of that year. In FY24, it hired 1,537 people a year.
In comparison to the previous quarter, when it was 12.8%, the company's attrition on a trailing 12-month (LTM) basis for the fourth quarter was 12.4%.
In a single year, the HCL share returned 37.88%.
HCL Tech's share price decreased by 1.81% today, ending at Rs 1,477. As a result, the company's market valuation has reached Rs 4 lakh crore.
In the last month, the company's shares have dropped by almost 5%. The last six months have seen a 16.42% gain in the share. Investors received returns of 37.88% over the past year.
HCL Tech was founded by Shiv Nadar.
HCL Tech was founded by Shiv Nadar. In 1976 he started HCL. C Vijayakumar is the company's managing director and chief executive officer (CEO). The business works with software, cloud, digital, and engineering. HCL employs more than 2,27,481 people.
