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( 17 Jul 2020)
HCL Technologies Q1 net profit up 31.62% at Rs 2360.00 cr

The company reported standalone net profit of Rs 2,360.00 crore for the quarter ended June 30, 2020 as compared to Rs 1793.00 crore in the same period last year, registering a year-on-year growth of 31.62 per cent.

Net revenue of the company rose substantially by 23.61 per cent at Rs 8,362.00 crore in April-June quarter of this fiscal as against Rs 6,765.00 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 15.32 per cent to Rs 4,886.00 crore from Rs 4,237.00 crore in year ago period.

Other Income grew by 51.20 per cent at Rs 316.00 crore versus (Jun'19 Rs 209.00 crore).

Operating Profit surged by 37.50 per cent to Rs 3,476.00 crore as against Rs 2,528.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.24 per cent in June quarter.

Interest grew by 144.44 per cent y-o-y to Rs 66.00 crore, while Taxation increased by 36.45 per cent at Rs 715.00 crore (Jun'19 Rs 524.00 crore).