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ICICI Bank reported net profit of Rs 4,403 crore in Q4-2021, up 260.61% compared with net profit of Rs 1,221 crore in Q4-2020. Total income during the quarter increased by 2.2% year-on-year (YoY) to Rs 23,953.02 crore.
Provisions (excluding provision for tax) were Rs 2,883 crore in Q4-2021 compared to Rs 5,967 crore in Q4-2020. Provision coverage ratio was 77.7% at 31 March 2021.
HCL Technologies reported 25.6% drop in consolidated net profit to Rs 2,962 crore on 1.8% rise in revenues to Rs 19,642 crore in Q4 FY21 over Q3 FY21. The IT firm s consolidated net profit declined 6.1% while revenues jumped 5.7% in Q4 FY21 over Q4 FY20.
With respect to FY22 guidance, the company expects revenue to grow in double digits in constant currency for FY 22. It expects EBIT margin to be between 19% and 21% for FY 22. ....

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