HCL Tech Q4 net up 22.8% yoy at Rs 3,154 crore; announces dividend of Rs 2

Shares of HCL Technologies were up 4 per cent to Rs 542 on the BSE on Thursday after the company reported a 3.8 per cent quarter on quarter (q-o-q) growth in its consolidated net profit at Rs 3,154 crore for the quarter ended March 2020 (Q4FY20). On a year-on-year (yoy) basis, the net profit surged 22.8 per cent.

Revenue for the quarter under review was up 2.5 per cent at Rs 18,590 crore on sequential basis. In constant currency terms, revenue grew 0.8 per cent on q-o-q basis. Earnings before interest and taxes (EBIT) stood at Rs 3,881 crore, up 5.8 per cent over the previous year quarter, while EBIT margin came in at 20.9 per cent for the quarter.