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HCL Tech Q4 Result: HCL profits more than tripled, revenue up 15%, declared dividend of Rs 18

HCL Tech Q4 Result: The company’s net profit during January-March 2022 stood at Rs 3,593 crore, compared to Rs 1,102 crore in the same period last year.

HCL Technologies Ltd Q4 Result: The country’s leading eye service provider company HCL Technologies has announced excellent results in the fourth quarter of the financial year 2021-22. During this period, the company’s net profit (PAT) has seen a jump of 226 percent, while the revenue of the company has registered a growth of 15 percent. HCL has also announced to give dividend to its investors at the rate of Rs 18 per share. The results of HCL have come after the stock market closed on Thursday. On Thursday, before the results, the company’s shares closed at Rs 1,102, up 1.18 per cent on the NSE.

Fantastic increase in profits

HCL Technologies posted a consolidated net profit of Rs 3,593 crore during the fourth quarter (January-March 2022). Whereas in the same period last year it was Rs 1,102 crore. Obviously, during this period, the company has seen a spectacular increase of more than three times in profits. Prior to this, during the last quarter i.e. October-December 2021, the company’s net profit was 3,442 crores.

Significant increase in revenue as well

During the fourth quarter, the company’s revenue has also registered a significant increase. During this period, the company’s income from operations increased by 15% to Rs 22,597 crore, as compared to Rs 19,642 crore in the same quarter of the previous financial year. The company has also given information about giving jobs to 40 thousand new people during the financial year 2021-22 along with the announcement of its results. Including these, now the total number of employees of the company has exceeded 2 lakh 8 thousand. Out of these, 11,100 people were given jobs during the fourth quarter itself, which is 5.6 percent more than the same quarter last year.

Good growth in all verticals

During the financial year 2021-22, the company has achieved good growth in revenue in all areas of its business i.e. verticals. According to the company, lifesciences and healthcare segment grew 20.6 per cent, telecommunications, media, publishing and entertainment 15.7 per cent, technologies and services 14.4 per cent and manufacturing 10.8 per cent. The company’s revenue in US dollars stood at 11,481 million, showing a growth of 12.8 per cent on a YOY basis.

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