16-October-2024
Corporate News
 
HCL Tech Q2 Results: Profit rises by 10.5% YoY at Rs 4,237 crore, beats estimates; dividend declared
15-Oct-2024

HCL Technologies Ltd on Monday reported its fiscal second quarter earnings with profit at Rs 4,237 crore. The company posted a growth of 10.5 per cent YoY in comparison to Rs 3,833 crore during the corresponding quarter of previous year, surpassing estimates. It posted revenue from operations at Rs 28,862 crore, up 8.2 per cent as against Rs 26,672 crore during the same period of previous financial year. The company EBITDA stood at Rs 5,362 crore. According to a CNBC TV18 poll, HCL Tech was expected to report Q2 profit at Rs 4142 crore and revenue was estimated at Rs 28,530 crore. The IT services major recorded revenue growth in Constant Currency (CC) terms by 1.6 per cent sequentially and 6.2 per cent YoY. The USD revenue was reported at $3,445 million, up 6.8 per cent YoY.

News Source:- https://www.financialexpress.com/business/industry-hcl-tech-q2-results-profit-rises-by-10-5-yoy-at-rs-4237-crore-beats-estimates-dividend-declared-3639455/?ref=hometop_hp