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Highlights
The IT major had registered a net profit of Rs 3,154 crore in the January-March 2020 quarter.
Its revenue grew 5.7 per cent to Rs 19,642 crore in the quarter under review.
For FY21, HCL Tech s consolidated net profit increased 17.6 per cent to Rs 13,011 crore.
New Delhi, Apr 23 (PTI): IT firm HCL Technologies on Friday posted a 6.1 per cent decline in consolidated net profit to Rs 2,962 crore for the March quarter. The Noida-headquartered firm has also announced a special interim dividend of Rs 10 per share to mark the USD 10 billion annual revenue milestone.
The IT major had registered a net profit of Rs 3,154 crore in the January-March 2020 quarter, HCL said in a regulatory filing. Including the impact of a one-time milestone bonus, the company s net profit for March 2021 quarter was at Rs 2,387 crore.
IT services firm HCL Technologies fourth quater numbers were impacted by higer taxes and one-time bonus payment. The company reported a 64.9 per cent fall in its fourth quarter net profit at Rs 1,111 crore on a year-on-year basis. Profit was down 72 per cent on a sequential basis. The provision for tax nearly doubled sequentially in Q4 to Rs 1,191 crore. The fourth quarter revenue was Rs 19,642 crore, up 1.8 per cent sequentially and up 5.7 per cent on y-o-y basis. The Noida-based company expects FY22 revenue to grow in double digits in constant currency, and expects EBIT margin between 19.0 per cent and 21 per cent.
Sensex Gains Over 400 Points, Nifty Above 14,500 U.S. stocks closed lower on Monday, slipping from last week s record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash
Updated: April 20, 2021 9:22 am IST
Bajaj Finance, Bajaj Finserv, IndusInd Bank and HDFC Life gained 2.3 per cent to 3.5 per cent on BSE
The domestic stock markets have rebounded around 1 per cent, post the nearly 2 per cent correction witnessed in the previous session, on the back of value buying at lower levels. At 9:18 am, the BSE Sensex was at 48,369.45, higher by 441.95 points or 0.92 per cent and the NSE Nifty was at 14,503.55 points, up 143.65 points or 0.96 per cent.
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HCL Technologies has signed a multi-million dollar digital transformation and hybrid cloud contract with Japanese commercial vehicle solutions provider, UD Trucks. The IT major said it is a multi-million dollar but did not disclose the specifics of the transaction.
As per the contract, the company will deliver end-to-end IT transformation spanning across digital platforms, agile digital application development, migration, support and maintenance and digital workplace services for UD Trucks, according to a statement from the company. Migrating our infrastructure and business-critical applications is of strategic importance to UD Trucks in our accelerated digitalisation journey. HCL s deep understanding of our existing IT footprint, combined with its leading-edge transformation capabilities, made it the standout choice, UD Trucks Senior Vice President Digital Solutions and IT Satish Rajkumar said.
Sensex rebounds by 505 points in early trade; HCL Tech, Tech Mahindra, TCS plunge
The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65
PTI | April 20, 2021 | Updated 11:25 IST
The benchmark BSE Sensex rebounded over 500 points and the NSE Nifty recaptured the key 14,500-level in the opening session on Tuesday, as investor sentiment improved following the government s policy response to the resurgence of COVID cases in the country.
The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65. On the Sensex, barring three IT stocks HCL Tech, Tech Mahindra and TCS all shares were trading in the green. On Monday, the BSE Sensex had nosedived 882.61 points or 1.81 per cent, and the NSE Nifty had plunged 258.40