Home / Markets / News / HCL Tech Q1 net falls 8% YoY to Rs 2,220 crore, EBIT falls 2.8% YoY

HCL Tech Q1 net falls 8% YoY to Rs 2,220 crore, EBIT falls 2.8% YoY

Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis.

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi

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3 min read Last Updated : Aug 07 2019 | 4:43 PM IST

HCL Technologies (HCL Tech) on Wednesday reported a 7.6 per cent year-on-year (YoY) fall in its net profit at Rs 2,220 crore for the quarter ended June 30, 2019. On sequential basis, the profit dropped 13.5 per cent.

Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis. HCL Tech also announced dividend of Rs 2 per share.

Earnings before interest and tax (Ebit) stood at Rs 2,806 crore, down 7.7 per cent QoQ and 2.8 per cent YoY. Ebidta margin decline to 20.7 per

Topics : HCL Technologies HCL Technologies Results

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