HCL Technologies on Friday posted a 34.8 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 3,969 crore for the December 2020 quarter (FY2021) from Rs 2,944 crore posted in the same period last year. Sequentially, the figure rose 26.2 per cent.
Meanwhile, the revenue for the quarter under review increased by 6.43 percent YoY and 3.80 percent quarter-on-quarter (QoQ) to Rs 19,302 crore. The revenue figure stood at Rs 18,135 crore in the corresponding quarter the previous year and at Rs 18,594 crore in the September quarter.
The dollar revenue for the December quarter was at $2,617 million, up 4.4 percent QoQ and 2.9 percent YoY. The revenue in constant currency was up 3.5 percent QoQ and 1.1 percent YoY.
The firm said it expects revenue to grow between 2 percent to 3 percent in constant currency terms for Q4FY21, including DWS contribution, from 1.5-2.5 percent projected earlier.
Earnings before interest and tax (EBIT) for the December quarter came in at Rs 4,416 crore, up 20.3 percent YoY. On a sequential basis, it was up 10 percent. EBIT margin for the said quarter stood at 21.5 percent. The firm said EBIT margin for FY21 is expected to be between 21 percent and 21.5 percent.
The company also declared an interim dividend of Rs 4 per equity. The record date for the same has been set as January 23, 2021.
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