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HCL Q1 profit rises 20% to ₹4,257 cr
The Morning Standard
|July 13, 2024
Q1 usually soft quarter, CEO says confident of sequential growth in financial services after Q2
HCLTECH'S June quarter performance beat Street estimates as the IT services firm posted a 20% year-on-year increase in its consolidated net profit at ₹4,257 crore compared to ₹3,534 crore in the year-ago period. Its revenue from operations in the first quarter was 28,057 crore, up 6.7% compared to ₹26,296 crore in the same quarter last year.
The company retained its constant currency (CC) revenue growth guidance between 3% and 5% in FY25 and EBIT margin is expected to be between 18% and 19%.
This story is from the July 13, 2024 edition of The Morning Standard.
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