HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

The revenue of IT firm HCL Technologies was up 19.6 per cent in quarter ending December 2022 (Q3FY23) as compared to quarter ending December 2021 (Q3FY22), the data released by the company showed. It recorded a revenue of Rs 26,700 crore in the quarter. On a sequential basis, the revenue was up 8.2 per cent. It also announced a dividend of Rs 10 per share.

 

The EBIT saw a growth of 22.8 per cent YoY and profit after tax (PAT) was up 19 per cent. The EBIT margin guidance narrowed to 18.0 per cent to 18.5 per cent.

 

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