HCL Tech, one of the big companies in the IT sector, presented better results than expected on Friday. The company’s profit increased by 13.51% and increased from Rs 3,833 crore to Rs 4,351 crore. At the same time, income has also increased from Rs 26,672 crore to Rs 28,446 crore.
In Bloomberg’s analyst poll, the company was expected to have profit of Rs 4,124 crore and income of Rs 28,075 crore.
The company has registered huge growth on the margin front. HCL Tech’s margin has improved by 139 basis points. The company’s margin has increased from 18.44% to 19.84% in the December quarter.
HCL Tech Q3 Results (QoQ)
- Profit increased from Rs 3,833 crore to Rs 4,351 crore (estimated at Rs 4,124 crore).
- Income increased from Rs 26,672 crore to Rs 28,446 crore (estimated at Rs 28,075 crore).
- EBIT increased from Rs 4,919 crore to Rs 5,644 crore (estimated at Rs 5256.9 crore)
- Margin increased from 18.44% to 19.84% (18.70% was estimated)
Before the results, HCL Tech shares closed at Rs 1,543 on BSE with a rise of 3.85%.