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( 16 Oct 2020)
HCL Technologies Q2 net profit up 13.35% at Rs 2530.00 cr

The company reported standalone net profit of Rs 2,530.00 crore for the quarter ended September 30, 2020 as compared to Rs 2232.00 crore in the same period last year, registering a year-on-year growth of 13.35 per cent.

Net revenue of the company rose moderately by 6.49 per cent at Rs 8,658.00 crore in July-September quarter of this fiscal as against Rs 8,130.00 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 0.81 per cent to Rs 4,919.00 crore from Rs 4,959.00 crore in year ago period.

Other Income grew by 94.62 per cent at Rs 181.00 crore versus (Sep'19 Rs 93.00 crore).

Operating Profit surged by 17.91 per cent to Rs 3,739.00 crore as against Rs 3,171.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.74 per cent in September quarter.

Interest declined by 62.50 per cent y-o-y to Rs 27.00 crore, while Taxation increased by 24.16 per cent at Rs 704.00 crore (Sep'19 Rs 567.00 crore).