HCL Tech Q4Fy22 Results: Net Profit At Rs. 3593 Cr., Interim Dividend For Fy23 Announced-Check Details

The country's IT services provider HCL on Wednesday announced its Q4Fy22 earnings and the company's consolidated net profit has been reported at Rs. 3593 crore, a 226% increase over the year ago period.

HCL Tech Q4Fy22 Results: Net Profit At Rs. 3593 Cr., Interim Dividend For Fy23 Announced-Check Details

The same on an adjusted basis has increased 24% YoY. In the same quarter of the previous year, the company had paid one-time milestone bonus to employees ($78.8 million, ₹575 crore net of tax) and the DTL on goodwill impact in the tax expense ($165.1 million, ₹1,222 crore).

Revenue from operations at the company also recorded 15% increase to Rs. 22597 crore for the March ended quarter of the previous year. In dollar terms, revenue during the quarter came in at $2,993 million, up 0.5% sequentially and 11.0 year-on-year.

For FY23, the company has provided for a margin guidance between 18-20%, while the revenue is expected to grow between 12% to 14% in constant currency.

Interim dividend announcement by HCL

Also, the company declared an interim dividend of Rs. 18 per share are of Rs.2/- each of the Company for the Financial Year 2022-23. The Record date of April 29, 2022 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be May 11, 2022.

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