HCL Tech Q3 Results: HCL Technologies reported its December quarter (Q3FY24) results on Friday, January 12. The IT major posted a consolidated net profit (attributable to shareholders of the company) of ₹4,350 crore, a rise of 13.5% from ₹3,832 crore in the previous quarter (Q2FY24). Its consolidated revenue from operations was up by 6.65% to ₹28,446 crore versus ₹26,672 crore in the previous quarter. On Friday, HCL Tech share price closed 3.85% higher, at ₹1,543 apiece on BSE.
On a year-on-year basis, the IT major’s consolidated net profit rose 6.2% from ₹4,096 crore in the year-ago period. The consolidated revenue from operations surged 6.5% on year from ₹26,700 crore in Q3FY23.
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Its revenues in constant currency (CC) terms rose 6% quarter-on-quarter and was up 4.3% YoY to $3,415 million. Operating margin for the quarter came in at 19.8% at ₹5,615 crore, up 140 basis points QoQ.
(more to come)
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Published: 12 Jan 2024, 05:51 PM IST