HCL Tech Q2’s net profit increased by 7 percent to Rs 3,142 crore, with an interim dividend of 200 percent

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HCL Tech Q2’s net profit increased by 7 percent to Rs 3,142 crore, with an interim dividend of 200 percent

IT player HCL Technologies posted 7.3 percent of QoQ increase in its September quarter net profit to Rs 3.142 crore. According to the CNBC-TV18 poll, was predicted to have a profit of 3,046 crore.

The business posted net profit at Rs 2,925 crore in the quarter ended June 2020.

Rupee sales improved 4.2 percent QoQ at Rs 18,594 crore compared to Rs 17,841 crore.

Earnings before interest and tax (EBIT) margin was 21.6 per cent (up from 20.5 per cent, QoQ), which is 5 years high.

The company has been guided by Q3 & Q4 sales. Constant currency sales growth is recorded at 1.5-2.5 per cent, published by CNBC-TV18.

The guidance for the FY21 EBIT margin improved to 20-21 per cent from 19.5 to 20.5 per cent.

The dollar’s sales increase was 6.4 per cent at 2.507 million and the company’s constant currency revenue growth was 4.5 per cent.

The organisation signed 15 transformational agreements in the quarter ended September 2020.

The Board of Directors has announced an interim dividend of Rs 4 per share of Rs 2 each of the firms for the financial year 2020-21.

HCL Technologies quoted Rs 843.70, Rs 16.30, or 1.90 per cent of BSE.