Information technology major HCL Technologies first quarter missed the street’s mark on all fronts of profit, revenue, and profitability.

Shares of HCL lost 2% in early trade on July 13, a day after the company reported earnings for the April-June quarter.

The IT majors reported a 7.6% YoY growth in net profit of Rs 3,534 crore.

The company’s consolidated revenue from operations jumped by 12.06% to Rs 26,296 crore in Q1FY24, as against Rs 23,464 crore in Q1FY23.

HCL Tech’s EBIT, a key profitability metric, came in at Rs 4,438 crore against Rs 4,836 crore in the previous quarter.

During a board meeting held on Wednesday, the board declared an interim dividend of Rs 10 per share for the current financial year. The date has been set to July 20, whereas the payment date for the interim dividend has been set for August 1, 2023.

At 10:44 am, shares of HCL Technologies were trading with a gain of 0.43% at Rs 1,114.85 on the BSE.