HCL Q1 Results 2024:
HCL Q1FY24 results show revenue fell from 27,059 crores to 26,640 crores, a -1.55% increase/decrease in growth. EPS down/rise from ₹14.69 to ₹13.03, up/down by 11.30%.
First, Let’s Begin with Quarter-on-Quarter Basis:
HCL Ltd shared its Q1 results on Wednesday. They earned 26,640 crores in revenue this quarter, but that’s less than the 27,059 crores they made last quarter. Unfortunately, the company’s growth decreased by -1.55 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 3,534 crores, down from 3,983 crores in the previous quarter. Their quarter-to-quarter growth decreased by -11.27 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹13.03, which is a decrease of -11.30% from the ₹14.69 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 26,640 crores this year (2023), which is 11.59 percent higher than last year’s total revenue of 23,873 crores.
This year’s PAT (Profit After Tax) is 3,534 crores, which is also 7.65% higher than last year’s PAT of 3,283 crores.
The EPS (Earnings Per Share) for this year is ₹13.03, which is 7.51% more than the EPS of ₹12.12 earned last year.
Also Read: TCS Q1FY24 Results: Consolidated PAT Up by Rs. 11,074 Cr
HCL Share Dividend Announcement / Record Date:
The Board of Directors has declared an Interim Dividend of ₹10 per Equity Share of Face Value of ₹2 each of the Company.
About HCL :
HCL Technologies Limited, commonly known as HCLTech, is a leading Indian multinational company specializing in information technology services and consulting. Headquartered in Noida, HCLTech was founded by Shiv Nadar. The company gained independence in 1991 when HCL ventured into the software services industry.
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