HCL Q3 profit grows 31.1% to Rs 3,982 cr on momentum in digital, cloud segments
HCL Tech s revenue grows 6.4 per cent to Rs 19,302 crore in October-September as compared to Rs 18,135 cr in corresponding quarter last year; posts revenue growth in constant currency at 3.5 per cent on Q-o-Q basis, which is higher than its estimate
BusinessToday.In | January 15, 2021 | Updated 11:36 IST
The HCL Tech Board of Directors has declared an interim dividend of Rs 4 per equity share for the financial year 2020-21
IT major HCL Technologies has posted 31.1 per cent year-on-year rise in net profit at Rs 3,982 crore for the December 2020 quarter, the company informed the stock exchanges on Friday. On a Q-o-Q basis, HCL s profit grew 26.7 per cent, while its topline was higher by 3.8 per cent from the previous quarter. The HCL Tech Board of Directors has declared an interim dividend of Rs 4 per equity share for the financial year 2020-21.
Shares of HCL Technologies dipped 2 per cent to Rs 1,007 on the BSE in early morning trade on Friday, down 5 per cent in the past three trading days, on account of profit booking after the company reported a 26.2 per cent quarter on quarter (QoQ) growth in consolidated net profit at Rs 3,969 crore in December quarter (Q3FY21) earlier today. The stock of the information technology (IT) consulting and software company hit a record high of Rs 1,073 on Wednesday, January 13, 2021. Despite the past three days of fall, the stock has outperformed the market in the last one month by surging 14 per cent as against a 7 per cent rise in the S&P BSE Sensex.
IT shares rise ahead of TCS third quarter earnings
While Nifty IT index traded 2.675% higher on Friday, BSE IT - Software index gained 2.58% during today s session
BusinessToday.In | January 8, 2021 | Updated 14:52 IST
As Indian IT companies gear to announce their third-quarter earnings of the current fiscal, industry experts believe that the October-December results will be best in a decade
Information Technology (IT) firms were in focus today, with heavyweights like Tech Mahindra, HCL Technologies, Infosys and Tata Consultancy Services trading as top gainers on BSE and NSE, ahead of earnings announcement of the country s largest IT company, TCS.
TCS is likely to report QoQ growth of 4.5% in Q3 in USD terms, according to Edelweiss.