PremiumIT services major HCL Technologies (HCL Tech) on Thursday reported 19% rise in consolidated net profit at ₹4,096 crore for the December quarter (Q3FY23) when compared with the same period last year. It was ₹3,442 crore in the same quarter (Q3FY22) of last year.
On a sequential basis, the profit after tax (PAT) rose 17% from ₹3,489 crore in the previous September quarter.
The Noida-based company's revenue from operations, meanwhile, rose 19.5% to ₹26,700 crore as against ₹22,331 crore in the year-ago period.
The company's board has approved an interim dividend of ₹10 per equity share.
HCL Tech has narrowed its revenue and margin guidance band. FY23 revenue growth now seen at 13.5-14% in constant currency and EBIT margin now seen at 18-18.5%.
The IT services major has added 5,892 freshers during the quarter ending December 30, 2022 (Q3FY23). The company's total employees count stood at 222,270 in the quarter under review.
For the quarter, HCL Tech's attrition (LTM) was at 21.7%, lower than the same September quarter, where it stood at 23.8%.
On Thursday, HCL Tech scrip closed 1.68% higher at ₹1,072.50 apiece on the NSE. The IT stock has declined more than 21% in a year's period.
Headquartered in Noida, India, HCL Technologies Ltd is an information technology services provider.