Saturday, March 15, 2025 | 07:15 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

TCS, HCL Tech dip post September earnings on profit bookings

In past one month, both these stocks had outperformed the market by surging 16% each compared to 4% rise in benchmark index and 14% gain in IT sector index.

Image

SI Reporter Mumbai
Shares of Tata Consultancy Services (TCS) and HCL Technologies are trading lower by over 1% each on the bourses on profit bookings after reporting September quarter earnings.

TCS is down 3% at Rs 2,159 on the Bombay Stock Exchange (BSE). The stock opened at Rs 2,240 and hit a low of Rs 2,148 so far. A combined around 783,444 shares change hands on the counter so far on BSE and NSE.

TCS reported yet another strong set of results with a well rounded growth across all industry verticals, service lines as well as geographies for the quarter ended September 2013.

The company’s dollar revenue grew by 5.4% quarter on quarter (qoq) to US$3,337 million. TCS’ EBITDA and EBIT margins jumped up by 300bp and 314bp qoq to 31.6% and 30.2% respectively, aided by sharp Indian rupee depreciation.

HCL Technologies too trading lower by 1.2% at Rs 1,147 on BSE. The stock opened at Rs 1,165 and touched a low of Rs 1,102 so far.

The company has posted 3.5% qoq growth in dollar revenue at $1270 million for the quarter under review. HCL Technologies’ EBITDA and EBIT margins jumped up by 300bp each to 26.3% and 23.8% respectively.

In past one month, both these stocks had outperformed the market by surging 16% each compared to 4% rise in benchmark index and 14% gain in IT sector index till Tuesday.
 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 17 2013 | 9:51 AM IST

Explore News