HCL Technologies fell 3.46% to Rs 1,015 at 10:42 IST on BSE after consolidated net income rose 1.5% to Rs 2227 crore on 2.9% increase in revenue to Rs 13179 crore in Q4 March 2018 over Q3 December 2017.
The result was announced before trading hours today, 2 May 2018.On the BSE, 1.20 lakh shares were traded in the counter so far compared with average daily volumes of 81,000 shares in the past two weeks. The stock had hit a high of Rs 1,060 and a low of Rs 1,001.55 so far during the day. The stock hit a 52-week high of Rs 1,106.60 on 23 April 2018. The stock hit a 52-week low of Rs 811 on 4 May 2017.
On a consolidated basis, net income rose 3.8% to Rs 8780 crore on 8.2% increase in revenue to Rs 50570 crore in the year ended March 2018 over the year ended March 2017.
HCL Technologies expects its FY 2019 revenues to grow between 9.5% to 11.5% in constant currency.
In FY 2019, operating margin (EBIT) is expected between 19.5% to 20.5%.
HCL Technologies is a next-generation global technology company.
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