HomeBusinessHCL Tech Slips Over 2% Post September Quarter Results

HCL Tech Slips Over 2% Post September Quarter Results

HCL Tech Slips Over 2% Post September Quarter Results

At 2.40 pm, HCL Tech shares have been buying and selling at Rs 1220, decrease by 2.2 per cent, on the BSE

HCL Tech shares slipped greater than 2 per cent to prime the loser’s record on the BSE in an in any other case sturdy market in wake of its September quarter numbers. Post market hours on Thursday, HCL Tech reported a internet revenue of Rs 3,259 crore within the quarter ended September 30, in comparison with Rs 3,143 crore within the corresponding month final yr, marking a development of 4 per cent on a year-on-year foundation. The markets have been shut on Friday on account of the Dussehra pageant.

HCL Tech’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, a development of 11.3 per cent year-on-year, in response to its regulatory submitting with the inventory exchanges. HCL Tech stated its 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 whole revenue stood at Rs 20.895 crore on a consolidated foundation.

At 2.40 pm, HCL Tech shares have been buying and selling at Rs 1220, decrease by 2.2 per cent, on the BSE. HCL Tech shares have shed 11 per cent until date from the document stage of Rs 1,377 registered on September 24, 2021. However, on a 3-month horizon, HCL Tech shares have gained 23 per cent in comparison with 16 per cent rise within the S&P BSE Sensex.

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