HCL Tech Q3 Results: Net profit falls 13.6% to Rs 3,442 cr

IT organization HCL Tech on Friday documented 13.6% decrease in web income at Rs three,442 crore for the quarter ending December 31, 2021. It was Rs three,969 crore in the year-back period of time.

Even so, earnings rose 16% to Rs 22,331 crore in Q3FY22 as towards Rs 19,302 crore a year back.

The corporation also introduced interim dividend of Rs ten for every share. On Friday, the firm’s scrip on BSE shut .three% increased at Rs one,337.55.

“We have delivered all round stellar efficiency this quarter with a earnings expansion of 7.6% in continual forex QoQ, the optimum recorded in the final 46 quarters. Our Products & Platforms phase led the expansion with 24.5% followed by Engineering and R&D Companies with eight.three% and IT & Small business Companies with 4.7%, all in QoQ cc. Our potential appears dazzling as we experienced a very potent web new reserving of $ two.1B, a sixty four% YoY enhance. We also extra much more than ten,000 to our worker power this quarter. I believe we continue on to be in a vantage position to address sustained need momentum as our investments on strategic priorities like digital, cloud & engineering capabilities and our expertise growth ideas are displaying potent returns,” said C Vijayakumar, Chief Executive Officer & Running Director, HCL Technologies Ltd.

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