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HCL Tech’s profit up 4% to Rs 3,259 crore in September quarter, declares dividend

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HCL Tech Q2 results: Net profit in September quarter stood at Rs 3,259 crore

HCL Technology announced its July-September quarter results for the financial year 2021-22, reporting a net profit of Rs 3,259 crore on a consolidated basis, as compared to a net profit of Rs 3,143 crore in the corresponding month last year, in which There was an increase of four percent. -on-year.

The IT major’s revenue from operations stood at Rs 20,655 crore as compared to Rs 18,594 crore in the second quarter of the current fiscal, registering a year-on-year growth of 11.3 per cent, according to a regulatory filing to the stock by the company. Exchange today. HCL Tech said it expects revenue to grow in double digits in constant currency for 2021-22.

HCL Tech reported a 3.9 per cent year-on-year growth in net income for the September quarter at Rs 3,265 crore and consolidated net income of Rs 20.895 crore. The board of the company declared an interim dividend of Rs 10 per equity share of Rs 2 per equity share of the company for the financial year 2021-22. The payment date of interim dividend has been fixed as November 8, 2021.

“We signed 14 major new deals, which helped us register net new bookings of $2.3 billion, up 38 percent year-on-year. C Vijayakumar, Chief Executive Officer (CEO) and Managing Director, HCL Technologies said, “Our net employee growth reached an all-time high of 11,135 in the quarter.

“Services revenue (ITBS and ERS) grew strongly at 5.2 per cent QoQ in constant currency with stable EBIT. P&P growth was impacted due to delay in closing some deals. Prateek Agarwal, Chief Financial Officer, HCL Technologies said, ‘ Client mining has been doing well in all categories, notably, the number of clients with $50 million now stands at 41 (up to 12 years).

On Thursday, October 14, HCL Tech’s shares closed at Rs 1,250.90, down 1.17 per cent on the BSE. HCL Tech today opened at Rs 1288.00 during the entire trading session, touching an intraday high of Rs 1,293 and an intraday low of Rs 1,244.35.

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