HCL Technologies shines on reporting 11% rise in Q4 consolidated net profit
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HCL Technologies is currently trading at Rs. 1055.20, up by 17.65 points or 1.70% from its previous closing of Rs. 1037.55 on the BSE.
The scrip opened at Rs. 1052.00 and has touched a high and low of Rs. 1073.85 and Rs. 1048.35 respectively. So far 119066 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1156.80 on 03-Feb-2023 and a 52 week low of Rs. 875.65 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 1073.45 and Rs. 1016.45 respectively. The current market cap of the company is Rs. 285721.80 crore.
The promoters holding in the company stood at 60.72%, while Institutions and Non-Institutions held 34.17% and 5.11% respectively.
HCL Technologies has reported fall of 5.29% in its net profit at Rs 2,844 crore for the quarter ended March 31, 2023 as compared to Rs 3,003 crore for the same quarter in the previous year. However, total income of the company increased by 8.94% at Rs 11,862 crore for Q4FY23 as compared to Rs 10,889 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 10.61% in its net profit at Rs 3,981 crore for fourth quarter ended March 31, 2023 as compared to Rs 3,599 crore for the same quarter in the previous year. Total income of the company increased by 18.09% at Rs 27,059 crore for Q4FY23 as compared to Rs 22,914 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 5.38% in its net profit at Rs 11,459 crore as compared to Rs 10,874 crore for the previous year. Total income of the company increased by 13.94% at Rs 47,307 crore for year under review as compared to Rs 41,518 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 9.78% rise in its net profit at Rs 14,845 crore as compared to Rs 13,523 crore for the previous year. Total income of the company increased by 18.56% at Rs 102,814 crore for year under review as compared to Rs 86,718 crore for year ended March 31, 2022.
