HCL Tech Q4 net triples to ₹3,593 crore
The Hindu
Company’s board also announced a dividend of ₹18 per share
HCL Technologies on Thursday reported fourth-quarter net profit of ₹3,593 crore, a more than threefold jump from a year earlier.Net profit during the January-March 2021 quarter was ₹1,102 crore
The company said it expected the revenue to grow in the range of 12%-14% in the current fiscal on ‘strong momentum’ across verticals.
The company reported a net profit of ₹1,102 crore during the January-March 2021 quarter.
Revenue rose 15% to ₹22,597 crore.
For full-year FY22, HCL said net profit grew 4.3% to ₹13,499 crore and revenues climbed 13.6% to ₹85,651 crore. It elaborated that for comparison purposes, net profit of Q4 and full-year FY21 excluded the impact of one-time bonus paid to employees.
“We have delivered yet another stellar quarter in our services business, where the revenue is up 5% QoQ and up 17.5% YoY in constant currency,” C. Vijayakumar, Chief Executive Officer & Managing Director, HCL Technologies Ltd., said. “Over the last three quarters, our services business has been consistently growing organically at 5% and higher, delivering one of the highest CAGR in the industry.”
He added that the overall growth on YoY basis stands at 12.7% which is better than the guidance led by strong momentum in Digital, Cloud and Engineering services. “We continue to invest proactively to create a larger talent pool to address the demand,” Mr. Vijayakumar added.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.