HCL Tech Q3 net profit rises 19% to Rs 4,096 crore

IT company HCL Tech on Thursday reported a 19 per cent increase in the consolidated net income to Rs 4,096 crore for the third quarter ended December 31, 2022 driven by growth in services revenue.

It had posted a net income of Rs 3,442 crore a year ago, the company said.

The company has for the first time crossed Rs 5,000 crore of net income before interest and taxes and Rs 4,000 crore of profit after tax in a quarter.

The consolidated revenue grew by 19.56 per cent to Rs 26,700 crore during the reported quarter from Rs 22,331 crore in the December 2021 quarter.