HCL Tech Q1 net falls 8.6% sequentially to Rs 3,283 cr, declares dividend

The company's consolidated revenue grew 4% sequentially at Rs 23,464 cr in the June quarter

IT services major HCL Technologies on Tuesday reported 8.6% sequential decline in consolidated net profit at Rs 3,283 crore for the quarter ending June 2022. It reported consolidated net profit of Rs 3,593 crore in the previous quarter. On annual basis, HCL Tech's net profit rose 2.4%.

The company's consolidated revenue grew 4% sequentially at Rs 23,464 crore in the June quarter and nearly 17% higher on an annual basis. The company declared interim dividend of Rs 10 per equity share of Rs 2 face value. In its FY23 guidance, the company said revenue is expected to grow between 12-14% in