HCL Technologies Q1 profit climbs 20% YoY; maintains revenue, margin guidance
Mumbai, July 13 -- The company's consolidated net profit increased 20.3% year-on-year and 3.0% quarter-on-quarter to Rs 4,624 crore in Q1 FY27.
Revenue from operations rose 13.9% YoY and 1.8% QoQ to Rs 34,579 crore. In US dollar terms, revenue stood at $3.65 billion, up 3.0% YoY but down 0.9% QoQ. Constant currency (CC) revenue declined 0.5% QoQ and increased 2.6% YoY.
EBIT rose 18.0% YoY, while the EBIT margin improved to 16.9%, up 39 basis points QoQ and 56 basis points YoY. Excluding restructuring costs, EBIT margin stood at 17.5%. Net income margin came in at 13.4%, while the adjusted net income margin was 13.8%.
The company's net new bookings rose to $2.4 billion in Q1 FY27 from $1.936 billion in Q4 FY26, marking its highest-ever ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.