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IT company HCL Tech’s net profit in the April-June quarter has increased by 20.46% year-on-year (YoY) to Rs 4,257 crore. In the same quarter last year (Q1FY24), the company’s net profit was Rs 3,534 crore.
Whereas in the previous quarter (Q4FY24) it was Rs 3,986 crore. That is, the company’s net profit has increased by 6.8% on a quarterly basis (QoQ). HCL released the results of Q1FY25 i.e. the first quarter of the financial year 2025 on Friday (July 12).
HCL Tech announced a dividend of Rs 12
The board of HCL Tech has also approved a dividend of Rs 12 per share to the shareholders. When companies give a part of the profit to their shareholders, it is called dividend.
HCL Tech revenue rises 9.45% to ₹29,160 crore
- HCL Tech’s revenue in the first quarter grew 9.45% year-on-year to Rs 29,160 crore, compared to Rs 26,640 crore in the same quarter last year.
- Whereas in the previous quarter (Q4FY24), the company’s income was Rs 28,915 crore. That is, compared to Q4FY24, the company’s income has increased by 0.84% in Q1FY25.
HCL Tech shares have given a return of 40.63% in one year
HCL Tech’s stock has given a return of 2.39% in the last 5 days, 8.55% in 1 month, 1.36% in 6 months and 40.63% in one year. If we talk only about this year i.e. from January 1 till now, the company’s stock has given a return of 5.26%. During this period, it has increased by Rs 78. The market value of the company is Rs 4.23 lakh crore.
Today, Friday 12th July, HCL Tech shares closed at Rs 1,561.75, up 3.30%.
Shiv Nadar is the founder of HCL Tech
The founder of HCL Tech is Shiv Nadar. He founded HCL in 1976. Its Chief Executive Officer (CEO) and Managing Director is C Vijaykumar. The company works in digital, engineering, cloud and software. More than 2,27,481 employees work in HCL.
TCS earns Rs 12,040 crore profit in first quarter
Earlier on Thursday, IT company Tata Consultancy Services Limited (TCS) released the results for the first quarter (April-June) of the financial year 2024-25. The consolidated net profit of the company in the quarter was Rs 12,040 crore. It has increased by 8.72% on an annual basis.
In the same quarter a year ago, the company had a net profit of Rs 11,074 crore. Talking about the earnings during this period, the total in the April-June quarter was Rs 63,575 crore. There has been an increase of 5.44% on an annual basis.
TCS has also announced a dividend of Rs 10 per share to its shareholders. Companies give a part of their profits to their shareholders, which is called dividend. TCS shares today closed at Rs 4,182, up 6.59%.
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