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( 29 Jan 2019)
HCL Technologies Q3 net profit up 2.29% at Rs 2014.00 cr

The company reported standalone net profit of Rs 2,014.00 crore for the quarter ended December 31, 2018 as compared to Rs 1969.00 crore in the same period last year, registering a year-on-year growth of 2.29 per cent.

Net revenue of the company rose moderately by 14.56 per cent at Rs 6,556.00 crore in October-December quarter of this fiscal as against Rs 5,723.00 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 24.39 per cent to Rs 3,958.00 crore from Rs 3,182.00 crore in year ago period.

Other Income dipped by 18.88 per cent at Rs 116.00 crore versus (Dec'17 Rs 143.00 crore).

Operating Profit surged by 2.24 per cent to Rs 2,598.00 crore as against Rs 2,541.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.74 per cent in December quarter.

Interest declined by 16.67 per cent y-o-y to Rs 5.00 crore, while Taxation decreased by 11.57 per cent at Rs 367.00 crore (Dec'17 Rs 415.00 crore).