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HCLTech profit decline offset by interim dividend announcement
HCLTech reported an 11 percent profit decline in Q3, but a Rs 12 dividend helped support sentiment despite margin pressures.
HCLTech posted an 11 %decline in Q3 net profit to Rs 4,076 crore, reflecting margin pressure from wage hikes and higher operational expenses. Despite the earnings contraction, the IT services company announced an interim dividend of Rs 12 per share. Management highlighted steady demand for cloud and digital services, while cautioning that global clients remain selective in technology spending amid economic uncertainty.