HCL Tech Q2 results: Profits up 4% in September quarter, will get Rs 10 dividend per share

HCL’s Q2 earnings up 11.3% to Rs 20,655 crore

IT company HCL Technologies on Thursday released the results for the second quarter of the current financial year ended September 30. The company said its consolidated net profit grew 4 per cent to Rs 3,259 crore during the July-September quarter. It was Rs 3,142 crore in the corresponding quarter of the last financial year.

The Noida-headquartered company’s consolidated net profit in the second quarter was estimated at Rs 3,219 crore, according to our affiliate channel CNBC-TV18’s poll. The company’s operating income grew by 11.3 per cent to Rs 20,655 crore during the July-September quarter as against Rs 18,594 crore in the year-ago quarter.

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Talking about the increase in the number of employees, the company hired 11,135 people in the second quarter, which is the largest number of people hired by the company in any one quarter. The company now has a total of 187,634 employees.

HCL, while announcing its September quarter results, announced an interim dividend of Rs 10 per share to shareholders for the financial year 2021-22 (FY22).

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C Vijayakumar, CEO and MD, HCL Technologies, said, “We signed 14 major deals this quarter, which helped us achieve net new bookings of $2.3 billion. This is 38% higher than last year. ” HCL results were declared after the stock market closed on Thursday. Shares of HCL Technologies closed 1.17% lower at Rs 1,250.90 on the BSE on Thursday.

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