HCL Technologies Q4 net dips 6.1 per cent to Rs 2,962 crores

The Noida-headquartered firm has announced a special interim dividend of Rs 10 per share to mark the $10 billion annual revenue milestone

New Delhi: IT firm HCL Technologies on Friday posted a 6.1 per cent decline in consolidated net profit to Rs 2,962 crore for the March quarter. The Noida-headquartered firm has also announced a special interim dividend of Rs 10 per share to mark the $10 billion annual revenue milestone.

The IT major had registered a net profit of Rs 3,154 crore in the January-March 2020 quarter, HCL said in a regulatory filing. Including the impact of a one-time milestone bonus, the company’s net profit for March 2021 quarter was at Rs 2,387 crore.

Its revenue grew 5.7 per cent to Rs 19,642 crore in the quarter under review, from Rs 18,590 crore in the corresponding quarter last year, as per US GAAP. For FY21, HCL Tech’s consolidated net profit increased 17.6 per cent to Rs 13,011 crore, while revenue grew 6.7 per cent to Rs 75,379 crore from the previous financial year.

The company expects its FY22 revenue to grow in double-digits in constant currency. In dollar terms, net income declined 5.1 per cent to $410 million, while revenue grew 6 per cent to $ 2,696 million in the March 2021 quarter over the year-ago period. For FY21, net income grew 13.2 per cent to $1,760 million and revenue was up 2.4 per cent to $10,175 million over the previous fiscal.