HCL Tech Q3 profit jumps 31% to Rs 3,982 crore

Updated : January 15, 2021 10:06 AM IST

HCL Technologies on Friday reported a Q3 net profit of Rs 3,982 crore.

HCL Technologies on Friday reported a Q3 net profit of Rs 3,982 crore on the back of robust momentum in Mode 2 and Mode 3 businesses led by digital, cloud and products and platform segments. This was ahead of CNBC-TV18 estimates of Rs 3,201 crore.

The IT major had registered a net profit of Rs 3,037 crore in the October-December 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing.

The constant currency revenue growth for the quarter-ended December came in at 3.5 percent vs the CNBC-TV18 poll of 2.5 percent growth.

Dollar revenue during the December quarter stood at $2,617 million, up from $2,507 million in the second quarter of FY21.

“The technology sector is in the midst of a massive digitization wave, with more global enterprises embracing digital transformation to address the disruption of these unprecedented times. Technology has been a key enabler during the pandemic, and as we stand at the cusp of the next phase of technological innovation, it is vital that we draw inspiration from each other’s strengths and offer back our own to create a positive impact," said Shiv Nadar, Chief Strategy Officer, HCL Technologies Ltd.

During the quarter, HCL Technologies signed 13 transformational deals. At the end of the December 2020 quarter, HCL had 1,59,682 employees with a net addition of 6,597 people, while attrition for IT services (on a last 12-month basis) was at 10.2 percent.

Earlier, the company's board of directors declared an interim dividend of Rs 4 per equity share of Rs 2 each of the company for the financial Year 2020-21.

The record date of January 23, 2021, fixed for the payment of the aforesaid interim dividend has been confirmed by them.

The payment date of the said interim dividend will be February 8, 2021.

HCL Tech Q3 profit jumps 31% to Rs 3,982 crore

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