HCL Tech Q2 Results: Consolidated PAT Beats Street's Estimates, Rises By 10% YoY To Rs 3,832 Crore

Hcl Technologies has announced its September quarter earnings for the financial year 2022-23. HCL Tech beats estimates in the bottomline as the company garnered a consolidated net profit of Rs 3,832 crore in Q2FY24, registering a growth of 8.43% QoQ and 9.83% YoY.

Consolidated revenue from operations was below expectations and stood at Rs 26,672 crore, rising by 1.43% QoQ and 8.04% YoY.

For Q2FY24, HDFC Securities estimated revenue of Rs 27,010 crore for HCL Tech, while adjusted PAT was factored at Rs 3,667 crore.

On BSE, HCL Tech shares traded in the range of Rs 1249.95 apiece to Rs 1215.25 apiece respectively ahead of Q2 earnings. HCL Tech is the third largest IT company after Infosys and TCS with a market value of over Rs 3.31 lakh crore.

HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.