HomeBusinessHCL Tech Profit Rises 4% To Rs 3,259 Crore In September Quarter,...

HCL Tech Profit Rises 4% To Rs 3,259 Crore In September Quarter, Dividend Announced

HCL Tech Reports Net Profit Of Rs 3,259 Crore In Q2, Declares Interim Dividend

HCL Tech Q2 Results: Net revenue stood at Rs 3,259 crore within the September quarter

HCL Technology introduced its July-September quarter outcomes for the monetary yr 2021-22, reporting a internet revenue of Rs 3,259 crore on a consolidated foundation, in comparison with Rs 3,143 crore within the corresponding month final yr, marking a development of 4 per cent year-on-year.

The IT main’s income from operations within the second quarter of the present fiscal stood at Rs 20,655 crore, in comparison with Rs 18,594 crore, registering a development of 11.3 per cent year-on-year, in line with a regulatory submitting by the corporate to the inventory exchanges in the present day. HCL Tech mentioned that it expects revenues to develop in double digits in fixed forex for 2021-22.

HCL Tech’s internet revenue within the September quarter stood at Rs 3,265 crore, up 3.9 per cent year-on-year, and its complete revenue stood at Rs 20.895 crore on a consolidated foundation. The firm’s board declared an interim dividend of Rs.10 per fairness share of Rs.2 every of the corporate for the monetary yr 2021-22. The fee date of the interim dividend is about as November 8, 2021.

”We signed 14 giant new offers which helped us to report internet new reserving of $2.3 B, a development of 38 per cent YoY. Our internet worker addition hit an all time excessive of 11,135 this quarter,”, mentioned C Vijayakumar, Chief Executive Officer (CEO) & Managing Director, HCL Technologies.

“Services income (ITBS & ERS) grew strongly at 5.2 per cent QoQ in fixed forex, with steady EBIT. P&P development was impacted because of delays in closure of sure offers. Client mining has been wholesome throughout all classes, notably, the variety of $ 50 million shoppers now stand at 41 (Up 12 YoY),” mentioned Prateek Aggarwal, Chief Financial Officer, HCL Technologies.

On Thursday, October 14, shares of HCL Tech settled 1.17 per cent decrease at Rs 1,250.90 on the BSE. HCL Tech opened at Rs 1288.00, touching an intra day excessive of Rs 1,293 and an intra day low of Rs 1,244.35, all through the buying and selling session in the present day.

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