HCL Tech Q2 Review - Marginally Weaker Performance; Outlook Continues To Be Robust: Axis Securities

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6:27 PM IST, 18 Oct 20216:27 PM IST, 18 Oct 20216:27 PM IST, 18 Oct 20216:27 PM IST, 18 Oct 2021

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HCL Technologies Ltd. Q2 FY22 numbers stood somewhat beneath our expectations.

The institution reported revenues of Rs 20,655 crore, up 2.9% QoQ and 11.3% YoY.

While operating profits stood astatine Rs 4,838 crore, registering a de-growth by 1.4% QoQ, operating margin, too, contracted by 110 ground points QoQ to 23.4%.

This was chiefly connected relationship of wage hikes undertaken during the quarter. Net nett for Q2 FY22 stood astatine Rs 3,265 crore, up 1.6% QoQ.

HCL Tech’s woody wins continued to stay strong, showcasing a maturation of 38% YoY and comprised 14 transformational deals arsenic well.

Total full declaration worth for the 4th stood astatine $2.25 billion.

Click connected the attachment to work the afloat report:

Axis Securities HCL Tech Q2FY22 Result Update.pdf

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