HCL Technologies' net profit rises 14.6% yoy to Rs3,037cr in Q3FY20

HCL Technologies' net profit rises 14.6% yoy to Rs3,037cr in Q3FY20
HCL Technologies' net profit rises 14.6% yoy to Rs3,037cr in Q3FY20


HCL Technologies Ltd. reported its Q3FY20 results post market hours on Friday.


The IT major's revenue stood at Rs18,135cr, up 3.5% qoq & 15.5% yoy. Net Income came in at Rs3,037cr, up 14.6% qoq & 16.3% yoy. EBITDA stood at 24.7%.

In dollar terms, revenue stood at $2,543mn, up 2.3% qoq & 15.5% yoy. Net Income came in at $426mn, up 13.4% qoq & 17.2% yoy.

Revenue in constant currency was up 2.1% qoq & 16.4% yoy.

The company posted strong growth at 16.4% yoy in constant currency, led by double-digit growth across segments. Products & Platforms rose 72.8%, IT and Business Services, 10.4%, Engineering and R&D Services, 12.8% on yoy (cc basis).   


FY’20 Guidance: 

FY20 revenues are expected to grow between 16.5% to 17.0% in Constant Currency.

“We have stepped into the new decade of innovation and reinvention. It is time to re-emphasize our focus on emerging technologies and prepare ourselves for the next phase of disruption. It must be our utmost goal to build technologies that strengthen the ecosystem, benefit all stakeholders and create better opportunities in the value chain. We also remain dedicated to our unwavering commitment towards creating a diversified and sustainable community.” said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd





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