Profit up 10 percent to Rs 3,214 crore, company announces dividend of Rs 6 per share – News18

New Delhi. IT sector major HCL Tech has presented the first quarter results of the financial year 2021-22 ended 30 June 2021 on Monday. During this period, the consolidated profit of the company has increased from Rs 1100 crore in the fourth quarter of the financial year 2020-21 to Rs 3210 crore. During this period, the company’s Conso income has increased from Rs 19,640 crore in the previous quarter to Rs 20,070 crore. Explain that the analyst had estimated the company’s income at Rs 20303 crore and profit at Rs 3253 crore. In the first quarter of the year 2021-22, the company’s dollar income has been $272 million. It was estimated to be at $2751 million.

Constant currency revenue growth at 0.7%

In the same tax period, the company’s consolidated EBIT stood at Rs.3931 crore and consolidated EBIT margin stood at 19.59%. These were estimated to be Rs 3,888 crore and 19.15% respectively. HCL TECH’s dollar revenue growth in the first quarter stood at 0.9% per cent against the estimate of 2% per cent. At the same time, constant currency revenue growth has been at 0.7% during this period. The company’s board has also approved a dividend of Rs.6 per share.

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First quarter results not up to expectations

The company’s Q1FY22 first quarter results have not been up to expectations. Analysts in the CNBC-TV18 poll had estimated its income at Rs 20,303 crore and profit at Rs 3,253 crore. On an annual basis, the company has seen a growth of 10% in profit and 12.5% ​​in income. On the quarterly basis, the company has seen an increase of 8.5 percent in profit and 2.2 percent in income.

The company’s shares have increased by 6 percent so far in the year 2021.

If we look at the past performance of this stock, so far in the year 2021, this stock has increased by 6 percent on BSE. At the same time, the Sensex has seen an increase of 10 percent in the same period. Today on NSE, this stock has closed at Rs 1000.20 with a weakness of 4.80 points or 0.48 per cent.

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