Investors seem to have taken the cut in revenue growth guidance in their stride. HCLTech recorded net profit of Rs 3,832 crore, growing 8.4 percent over the previous quarter, beating analysts estimates
The board has declared an interim dividend of Rs 12 per equity share for the financial year 2023-24. The record date has been fixed as October 20 and the payment will be done on October 31
HCL Tech Q2: Kotak Institutional Equities said net new deal wins could be at a historical high, aided by the Verizon deal. It said EBIT margin is likely to improve 60 basis points sequentially, primarily aided by operational efficiencies.
HCL Tech Q2 Results LIVE: HCL Tech s profit after tax (PAT) for the July-September quarter is expected to increase by 6.14 percent quarter-on-quarter to Rs 3,750 crore, as per analysts.
Both the revenue and profit were above analysts average estimate of 24,382 crore and 3,418 crore, respectively. Further, the board of directors have approved a dividend of Rs 10 per share. In an unexpected move, the company raised its revenue growth guidance for FY23. HCL Tech now sees 13.5-14.5 per cent growth in revenue in constant currency, against 12-14 per cent projected earlier.