HCL Tech Posts Healthy Broad Based Q3 Performance; Resilient Business Outlook, Says Axis Securities
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Axis Securities Report
HCL Technologies Ltd. reported strong broad based growth in Q3 FY21, revenue stood at Rs 19,302 crore up 4.4% QoQ and 2.9% YoY in constant currency terms.
Operating profit showed a growth of 9.9% QoQ at Rs 1,968 crore, operating margin expanded by 130 basis points QoQ at 22.9% than previous quarter aided by strong execution, higher utilisation and lower travel cost.
Net profit for Q3 FY21 stood at Rs 3,982 crore reported a growth of 26.7% QoQ.
The company won 13 transformational deals in this quarter. Deal wins for the quarter remained strong and showed a growth of 13% QoQ.
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