HCL Tech fixes record date for third interim dividend of FY23, to announce Q2 result on 12 Oct

In its regulatory filing on Thursday, HCL Tech said, “We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, October 12, 2022, to consider:

– Unaudited financial results of the company for the quarter and half-year ended September 30, 2022.

– Payment of 3rd Interim dividend for the financial year 2022-23.”

Further, HCL Tech said, “the record date for determining the entitlement of the shareholders for the payment of the aforesaid interim dividend shall be October 20, 2022, subject to the approval of the interim dividend by the Board of Directors.”

Earlier, for the fiscal FY23, HCL Tech had paid a first interim dividend of ₹18 per share and a second interim dividend of ₹10 per equity share.

In April to June 2022 quarter, the IT services provider posted a consolidated net profit of ₹3,283 crore down by 8.6% qoq but slightly up 2.4% on a year-on-year basis. Consolidated revenue came in at ₹23,464 crore higher by 16.9% yoy and 3.8% qoq. The constant currency revenue growth stood at 2.7% qoq and 15.6% yoy in the Q1 of this fiscal. EBITDA margin was at 21.2%, while EBIT margin came in at 17% in the first quarter of FY23.

On BSE, HCL Tech shares trade marginally up at ₹923.40 apiece at around 2.56 pm. The shares have touched an intraday high and low of ₹930.65 apiece and ₹917 apiece respectively.

The company’s market valuation currently is at ₹2,50,579.83 crore.

On the previous day, HCL Tech shares stood at ₹922.80 apiece.