HCL Technologies Ltd posts Rs. 4,096 cr crores consolidated profit in Q3FY23

HCL Technologies Limited has reported consolidated financial results for the period ending December 31, 2022.

Declare a dividend of ₹10. The record date is 20th Jan 2023.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹26,700 crs₹24,686 crsUp Tick / Down Tick8.16%
Net Profit₹4,096 crs₹3,487 crsUp Tick / Down Tick17.46%
EPS₹15.09₹12.86Up Tick / Down Tick17.34%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹26,700 crs₹22,331 crsUp Tick / Down Tick19.56%
Net Profit₹4,096 crs₹3,448 crsUp Tick / Down Tick18.79%
EPS₹15.09₹12.68Up Tick / Down Tick19%

HCL TECH FY23 GUIDANCE

  • FY23 REVENUE GROWTH UPPER RANGE GUIDANCE LOWERED TO 14% FROM 14.5%
  • FY23 CC REVENUE GROWTH GUIDANCE SEEN AT 13.5-14% Vs 13.5-14.5% EARLIER
  • EBIT MARGIN UPPER RANGE GUIDANCE LOWERED TO 18.5% FROM 19%
  • FY23 EBIT MARGIN NOW SEEN AT 18-18.5% Vs 18-19% EARLIER

MANAGEMENT SPEAK

• Strong Performance This Quarter Across All Key Metrics
• Strong Revenue Growth Of 13.1% YoY CC Is Led By Our Services Business Which Grew 15.4% YoY CC
• Revenue Growth Of 5.0% 000 CC Is Led By HCL Software
• Booking Growth Led By IT Operating Model Transformation, Cloud Adoption

-C VIJAYAKUMAR HCL TECH

Share Price

HCL Tech Q3

HCL Tech is currently 20% down this year.

Share of HCL Tech closed today at ₹1,071.65 with a gain of 1.60% as compared to the previous closing of ₹1054.

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