Indian IT company HCL Tech to announce its quarter 2 results in January 2024. As per the official notification, the HCL Tech Q3 results 2024 will be released on 12th January 2024. Previously, the company marked over 10% growth in its net profit which was ₹4,227.50. Now shareholders wait eagerly to see the latest financial results before making any call on HCL Tech shares. Here are the complete analysis and market expectations about the HCL Technologies Q3 results 2024.
HCL Tech Q3 Results 2024 Earnings, Net Profit, Sales Report, And YoY Growth
HCL Technologies has been doing well in every financial result in the previous quarters. Now we are heading towards the HCL Tech Q3 results 2024 and investors waiting for the financial stats to know how the company has performed between Oct to Dec of FY24. This quarter 3 stat will be announced on 12th January 2024. Before the date, the volatility in share price can be seen easily. The q2 results also marked an impressive 8% jump in the HCL tech’s revenue with.
As per the statement of Nuvama, this time it is expected that Profit After Tax (PAT) is likely to jump 10% in Quarter on Quarter (QoQ) growth.
In the quarter 2 of December 2023, the operating income surged to ₹4919 crores. While on the other side, in q1 it was 4438. It was over 10% growth in QoQ growth and 11% in YoY growth. Now after such impressive stat in the previous quarters, shareholders are expecting this positive momentum in the HCL Tech Q3 results FY24. Hopefully, the company will maintain the growth in its revenue and net profit as well.
Currently, HCL Technologies share is traded at around ₹1450. For the last few days, the stock has been struggling between ₹1400 to ₹1500 price level. In December HCL Tech announced a dividend of ₹12 per share and this time if the net profit surges more than q2 fy24 shareholders may get a good dividend like the previous quarter.
HCL Tech share price volatility may be increased the day before the announcement of quarter 3 results FY24. Along with it, HCL Tech rival TCS also going to announce its financial results on 11th January. The live report will be updated here on the date of announcement and stay tuned to our website for more latest business news.