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HCL Technologies shares decline nearly 3% post Q4 results

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The inventory went decrease by 2. 87 per cent to shut at Rs 928.40 on the BSE

Shares of HCL Technologies on Monday dipped nearly 3 per cent after the corporate posted a 6.1 per cent decline in consolidated internet revenue within the March quarter. The inventory went decrease by 2. 87 per cent to shut at Rs 928.40 on the BSE. During the day, it declined 3.37 per cent to Rs 923.50. On NSE, it dipped 2.68 per cent to shut at Rs 930.

In traded quantity phrases, 6.48 lakh shares have been traded on the BSE and over 1.96 crore models on the NSE in the course of the day.IT providers main HCL Technologies (HCLT) on Friday posted a 6.1 per cent decline in consolidated internet revenue in March quarter to Rs 2,962 crore, however stated it’s assured of logging double-digit development in FY22 income on the again of a powerful deal pipeline.

The agency additionally introduced a particular interim dividend of Rs 10 per share to mark its USD 10 billion annual income milestone. The IT main had registered a internet revenue of Rs 3,154 crore within the January-March 2020 quarter, HCL stated in a regulatory submitting.

Including the affect of the one-time milestone bonus, HCLT’s internet revenue for March 2021 quarter was at Rs 2,387 crore. The decline in internet revenue was on account of upper tax outgo within the quarter below evaluate. Its income grew 5.7 per cent to Rs 19,642 crore, from Rs 18,590 crore within the corresponding quarter final 12 months, as per US GAAP.

For FY21, HCL Tech’s consolidated internet revenue elevated 17. 6 per cent to Rs 13,011 crore, whereas income grew 6. 7 per cent to Rs 75,379 crore from the earlier monetary 12 months. The firm expects its FY22 topline to develop in double-digits in fixed forex phrases.

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