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News Details

( As on 26/04/2024 19:30)

HCL Technologies Q4 net profit down 2.85% at Rs 2763.00 cr

The company reported standalone net profit of Rs 2,763.00 crore for the quarter ended March 31, 2024 as compared to Rs 2844.00 crore in the same period last year, registering a year-on-year decline of 2.85 per cent.

Net revenue of the company rose marginally by 3.78 per cent at Rs 12,077.00 crore in January-March quarter of this fiscal as against Rs 11,637.00 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.75 per cent to Rs 8,034.00 crore from Rs 7,670.00 crore in year ago period.

Other Income grew by 33.78 per cent at Rs 301.00 crore versus (Mar'23 Rs 225.00 crore).

Operating Profit surged by 1.92 per cent to Rs 4,043.00 crore as against Rs 3,967.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.79 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 34.00 crore, while Taxation increased by 31.89 per cent at Rs 943.00 crore (Mar'23 Rs 715.00 crore).