Profit Sheets

HCL Tech Results Preview: Profit likely to increase 13%, revenue may grow 15%

April 21, 2022 05:52 PM

HCL Tech Results Preview Profit likely to increase 13%, revenue may grow 15%
HCL Tech reported a consolidated profit of Rs 1,102 crore in the fourth quarter of FY21.

HCL Technologies, one of the top four Indian IT services companies, is expected to post a 13 percent on-year growth in consolidated profit to Rs 3,300-3,400 crore and a 15 percent increase in revenue to Rs 22,600 crore in the quarter ended March.

The increase in the Noida-based company’s revenue is expected to be aided by growth in IT services and engineering and research & development (ERD) business. However, the products & platforms (P&P) business is expected to decline due to seasonality.

Also Read: ITC shares surges 17% in March, the most in 16 months

The company is slated to declare its results on April 21.

HCL Tech reported a consolidated profit of Rs 1,102 crore in the fourth quarter of FY21. Adjusted for deferred tax credit and a one-time milestone bonus paid during the quarter, net profit during Q4 last year was Rs 2,962 crore. Revenue was Rs 19,642 during Q4 of FY21.

Profit in the October-December quarter was Rs 3,442 crore on revenue of Rs 22,331 crore.

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