HCL Technologies Share Price in Focus Ahead of Q2 FY 2024-25 Results

HCL Technologies Limited is set to announce its financial results for the second quarter of FY 2024-25, which ended on September 30, 2024. The results will be disclosed on Monday, October 14, 2024, after the closure of Indian stock markets. 

The company also stated that following the announcement, the senior management will host an audio conference call at 7:30 p.m. (IST), allowing analysts and investors to delve into the results during a 60-minute session, which will include a detailed question-and-answer segment.

On the trading front, HCL Technologies share price opened at ₹1,846.05 on October 14, 2024, showing a slight increase from its previous closing price of ₹1,839.65. However, by 11:20 AM, the share price of HCL Technologies had dipped to a day’s low of ₹1,832.40, reflecting the market’s cautious sentiment ahead of the earnings announcement.

In addition to the quarterly financial results, HCL Technologies will also discuss the payment of its 3rd interim dividend for the financial year 2024-25. The record date to determine the eligibility of shareholders for this interim dividend is set for October 22, 2024, contingent upon the Board of Directors’ approval.

Looking back at the previous quarter, which ended on June 30, 2024, HCL Technologies reported a total income of ₹29,160 crore, marking an increase from ₹26,640 crore in the same quarter the previous year. The company also posted a net profit of ₹4,259 crore for the June quarter in 2024, up from ₹3,531 crore in the quarter ended June 30, 2023. This positive trend in revenue and profit indicates the company’s robust growth trajectory, which will be closely monitored by stakeholders in the upcoming earnings call. 

As investors and analysts await the results, the performance of HCL Technologies in this quarter will be crucial for assessing its competitive positioning and future growth prospects in the rapidly evolving IT sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.