HCL Tech Q4 results: Constant currency revenue was down 1.2 percent QoQ and up 10.5 percent year on year (YoY).
IT major HCL Technologies on April 20 reported consolidated net profit for the quarter ended March 2023 at Rs 3,981 crore, up 10.61 percent over Rs 3,599 crore a year back.
Its revenue from operations for the quarter stood at Rs 26,606 crore, clocking a growth of 17.74 percent from Rs 22,597 crore, the company said in an exchange filing.
The profit figure beat estimates but revenue lagged the projections.
According to a poll of brokerages, HCLTech was expected to report a consolidated revenue of Rs 26,801 crore, up 18.6 percent on-year, while consolidated profit after tax (PAT) was projected to rise by 8.5 percent to Rs 3,898 crore. On a constant currency (CC) basis, the company was expected to report a quarter-on-quarter (QoQ) decline in the range of 1-2 percent.
