Q2 FY2021 Results: HCL Technologies reports 18% YoY rise in profits, declares dividend of Rs 4

It posted a 18% YoY rise in net profit at Rs 3,142 crore for the September quarter compared to Rs 2,651 crore net profit in the corresponding quarter of previous year.

HCL Technologies on Friday released its Q2 FY2021 earnings. It posted a 18% YoY rise in net profit at Rs 3,142 crore for the September quarter compared to Rs 2,651 crore net profit in the corresponding quarter of previous year.

The IT company witnessed a 7% rise in profits QoQ with it posting Rs 2,925 crore in the June quarter.  Revenue rose 4% QoQ to Rs 18,594 crore as against Rs 17,841 crore in Q1 FY2021.

The Earnings before Interest, Tax (EBIT) was calculated at 21.6% for the September quarter.

HCL Technologies expects third and fourth quarter growth to remain in 1.5-2.5% range in constant currency terms.

The company which was recently awarded with the proactive Microsoft Partner Award has also declared interim dividend of Rs 4 per equity share.

At 11.51 pm, the stock was trading down by 3% at Rs 833.50 after opening at Rs 859.

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