HCL Tech Q4 Results: IT major HCL Technologies on Tuesday reported a 4.2% growth in its consolidated net ...More

HCL Tech Q4 Results: IT major HCL Technologies on Tuesday reported a 4.2% growth in its consolidated net profit for the March-ended quarter at Rs 4,488 crore versus Rs 4,307 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company. ...Less

HCL Tech shares fell sharply after the March quarter results and FY27 guidance disappointed D-Street expe ...More

HCL Tech shares fell sharply after the March quarter results and FY27 guidance disappointed D-Street expectations. While Q4 profit and revenue grew YoY, sequential weakness and constant currency decline weighed on sentiment. The company guided for muted growth of 1–4% in FY27, citing weak discretionary demand and client-specific headwinds, prompting brokerages to trim targets. ...Less

India’s Nifty IT index plunged 10% in a week, marking its steepest fall since March 2020, as weak Q4 earn ...More

India’s Nifty IT index plunged 10% in a week, marking its steepest fall since March 2020, as weak Q4 earnings and cautious guidance triggered heavy selling. Analysts warn of further downside, with FIIs exiting and technical indicators weakening, even as some see long-term opportunities in mid-cap IT stocks. ...Less

Tata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 ...More

Tata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 crore, driven by deal wins, media and transportation growth, stronger margins, and a recommended Rs 75 dividend for shareholders ...Less

Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 c ...More

Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 crore. This represents a 226% increase compared to the previous year. Revenue also saw a healthy rise of 8.3% to Rs 763 crore. This marks the company's inaugural earnings report following its stock market debut. ...Less

HCL Technologies announced a Rs 24 interim dividend for FY27 with April 25 as record date. Q4 net profit ...More

HCL Technologies announced a Rs 24 interim dividend for FY27 with April 25 as record date. Q4 net profit rose 4.2% YoY to Rs 4,488 crore, while revenue grew 12% YoY, marking continued growth and consistent shareholder payouts. ...Less

HCL Tech Q4 Results: IT services company HCL Tech has reported a net profit of Rs 4,307 crore in the four ...More

HCL Tech Q4 Results: IT services company HCL Tech has reported a net profit of Rs 4,307 crore in the fourth quarter of FY25, which was up 8% from Rs 3,986 crore in the last year quarter. Revenue from operations in the reporting period rose 6% YoY to Rs 30,246 crore. ...Less

The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earl ...More

The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earlier. This includes revenue recognition from the recently acquired German automotive engineering solutions provider ASAP Holding. ...Less

ET Now poll of analysts had projected net profits at Rs 3,350 crore. The profit jump is due to much highe ...More

ET Now poll of analysts had projected net profits at Rs 3,350 crore. The profit jump is due to much higher tax expenses in the base quarter. The adjusted growth in profit is 23.9 per cent year on year (YoY), the company said. ...Less

Analysts had expected HCL Tech to report a near 21 per cent QoQ fall in consolidated net profit to Rs 3,1 ...More

Analysts had expected HCL Tech to report a near 21 per cent QoQ fall in consolidated net profit to Rs 3,152 crore and a 2.5 per cent on-quarter rise in consolidated revenues to Rs 19,779.6 crore. ...Less

The Board of Directors declared an interim dividend of Rs 18 per equity share of the company for the fina ...More

The Board of Directors declared an interim dividend of Rs 18 per equity share of the company for the financial year 2023-24. ...Less

HCL Technologies is anticipated to experience a sequential revenue decrease in constant currency for Q4, ...More

HCL Technologies is anticipated to experience a sequential revenue decrease in constant currency for Q4, aligning with industry trends due to seasonal softness in its products business. While year-on-year revenue is projected to grow around 5%, net profit is expected to increase by 8%. ...Less

HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period. ...More

HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period. ...Less

Given this, the stocks of the top tier IT exporters are expected to remain under pressure in the short te ...More

Given this, the stocks of the top tier IT exporters are expected to remain under pressure in the short term. The ET Infotech index has lost 10.9% over the past three months compared with the 2.9% loss in the broader market ET 100 index and 1.6% loss in the benchmark S&P BSE Sensex. ...Less

Profit and revenue both came in line with ET NOW poll estimate of Rs 2,550 crore and Rs 15,950 crore, res ...More

Profit and revenue both came in line with ET NOW poll estimate of Rs 2,550 crore and Rs 15,950 crore, respectively. ...Less

Revenue growth in constant currency terms rose 15.3 per cent on a yearly basis ...More

Revenue growth in constant currency terms rose 15.3 per cent on a yearly basis ...Less

HCL Technologies Q4 earnings, set to be released on 20 April, are expected to show a fall in software rev ...More

HCL Technologies Q4 earnings, set to be released on 20 April, are expected to show a fall in software revenues and margins with the services business driving growth, according to analyst estimates. Most analysts expect a sequential decline in constant currency revenue while margins are also seen contracting for the quarter that ended in March. While the services revenue is expected to grow by 1.5% in CC terms, the company's guidance on revenue growth and profitability will be of particular interest to investors ...Less

Brokerages are penciling in a healthy sequential growth in revenues, but are baking in a marginal fall in ...More

Brokerages are penciling in a healthy sequential growth in revenues, but are baking in a marginal fall in margin. ...Less

‘Expect 15-20% upside in HCL Tech from the current prices’ ...More

‘Expect 15-20% upside in HCL Tech from the current prices’ ...Less

‘IT major did not see much impact due to Covid disruption in March quarter’ ...More

‘IT major did not see much impact due to Covid disruption in March quarter’ ...Less

In the coming quarters, the top IT companies are expected to report a sustained business momentum going b ...More

In the coming quarters, the top IT companies are expected to report a sustained business momentum going by their order book positions at the end of the quarter but margins are likely to be under pressure amid rising employee costs to control high attrition rates. ...Less

Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech ...More

Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech posted a consolidated net profit of Rs 3,593 crore, up 226% from the same quarter a year ago. Looking ahead, the company said it expects revenue to grow between 12% and 14% in FY23. ...Less

For more such web stories click on the ET icon below ...More

For more such web stories click on the ET icon below ...Less

HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to ...More

HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to increase between 4.3% and 6.8% in the third quarter. The company's adjusted net profit is anticipated to grow between 1.2% and 8.2%, according to analyst estimates. ...Less

HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended Ju ...More

HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850. ...Less

HCL Technologies reported a consolidated net profit of Rs 3,983 crore for the quarter ended March. This i ...More

HCL Technologies reported a consolidated net profit of Rs 3,983 crore for the quarter ended March. This is an increase of 11% from Rs 3,593 crore clocked in the corresponding period of last year. The net profit beat the ET Now poll estimate of Rs 3,860 crore. ...Less

HCL Tech sees the maximum impact on earnings from Covid-19 in the current quarter. ...More

HCL Tech sees the maximum impact on earnings from Covid-19 in the current quarter. ...Less

The profit figure came in higher than Rs 3,025 crore anticipated by analysts in an ET NOW poll. ...More

The profit figure came in higher than Rs 3,025 crore anticipated by analysts in an ET NOW poll. ...Less

HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different p ...More

HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different perspectives, with targets ranging from Rs 1,300 to Rs 1,700. The company's performance and guidance for FY25 were key points of analysis. ...Less

In constant currency terms, revenue in the December quarter rose 5% sequentially and 13.1% YoY. The servi ...More

In constant currency terms, revenue in the December quarter rose 5% sequentially and 13.1% YoY. The services business revenue rose 2.2% sequentially and 15.4% YoY in constant currency terms. ...Less

HCL Tech’s operating performance in the quarter is likely to be underwhelming as analysts expect consolid ...More

HCL Tech’s operating performance in the quarter is likely to be underwhelming as analysts expect consolidated operating margin to shrink 430-470 basis points on a sequential basis because of wage hikes undertaken by the company. ...Less

HCL Tech has FY20 annual revenue growth outlook of 16.5-17 per cent. ...More

HCL Tech has FY20 annual revenue growth outlook of 16.5-17 per cent. ...Less

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include H ...More

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand. ...Less

HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 ...More

HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 crore. The Board of Directors has declared an interim dividend of Rs 12 per equity share and fixed January 20 as the record date for the same. ...Less

HCL Tech Q1 Results: Profit rose 7% from the previous quarter, while revenue dipped 1.5%. Constant curren ...More

HCL Tech Q1 Results: Profit rose 7% from the previous quarter, while revenue dipped 1.5%. Constant currency revenue increased 6% year-on-year but fell 1.6% quarter-on-quarter. EBIT increased 7% year-on-year to Rs 4,795 crore but decreased 4% quarter-on-quarter. ...Less

HDB Financial Services, post its successful IPO debut with a 13% premium, is set to announce its Q1 earni ...More

HDB Financial Services, post its successful IPO debut with a 13% premium, is set to announce its Q1 earnings, marking its first financial report as a listed entity. Emkay Global initiated coverage with a "Buy" rating, projecting further upside based on the company's robust lending franchise and bottom-up growth strategy. ...Less

Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in t ...More

Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in the oil-to-chemicals segment. Analysts anticipate a 10% decrease in net profit year-on-year and a marginal 0.6% decline in net sales. However, strong performance in consumer businesses and other segments may offset this decline. ...Less

The company announced issue of one bonus share for every one equity share held by the shareholders of the ...More

The company announced issue of one bonus share for every one equity share held by the shareholders of the company. ...Less

HCL Tech's leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Empha ...More

HCL Tech's leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Emphasis on deal impacts, margin strategies, and transparency in deal metrics for sustained growth. Prateek Aggaewal says: " 18-19% margin band has been very steady over the last three years. In FY23, we had given the same guidance; FY24 was the same guidance, and we delivered in the 18.2% for both those years as well and we are just carrying that forward." ...Less

Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys ...More

Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys and TCS led gains with Rs 62,613 crore revenue and Rs 12,040 crore net profit. MphasiS had notable intraday gains, while HCL Technologies showed growth. TCS forecasts better FY25 performance. ...Less

HCL Tech Q2 Results: Company exceeded expectations with an 8.2% YoY revenue increase to Rs 28,862 crore a ...More

HCL Tech Q2 Results: Company exceeded expectations with an 8.2% YoY revenue increase to Rs 28,862 crore and a 10.5% jump in profit to Rs 4,235 crore. Both figures surpassed analyst estimates. The company projects continued growth, forecasting a 3.5%-5% rise in revenue and an 18%-19% EBIT margin for the coming year. Chairperson Roshni Nadar Malhotra emphasized HCL Tech's commitment to sustainable growth and upskilling its workforce in next-generation technologies. ...Less

HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidate ...More

HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. ...Less

Revenue for the quarter stood at Rs 18,594 crore, ET NOW reported. ...More

Revenue for the quarter stood at Rs 18,594 crore, ET NOW reported. ...Less

Angel One reported a consolidated net profit of Rs 423 crore in Q2FY25, up 39% from Q2FY24. Total revenue ...More

Angel One reported a consolidated net profit of Rs 423 crore in Q2FY25, up 39% from Q2FY24. Total revenue from operations stood at Rs 1,515 crore, up 44.5% YoY. On a sequential basis, PAT was up 45% from Q1FY25. Consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, a growth of 7.5% QoQ ...Less

HCL Tech Share Price: HCL Tech's Q2 FY25 results are to be announced, with revenue growth expected betwee ...More

HCL Tech Share Price: HCL Tech's Q2 FY25 results are to be announced, with revenue growth expected between 7-9% YoY. Broking firms predict revenue figures between Rs 26,672 crore and Rs 28,710 crore. Net profit estimates range from Rs 3,832 crore to Rs 4,097 crore, showing 4.9% to 15% growth. ...Less

The way numbers are rising, India's case count might not peak till June. The country now has over 50,000 ...More

The way numbers are rising, India's case count might not peak till June. The country now has over 50,000 cases and recorded the highest number of fresh cases in a day - 3,600 ...Less

Ebit margin for the quarter expanded to 22.9 per cent in December quarter from 21.6 per cent September qu ...More

Ebit margin for the quarter expanded to 22.9 per cent in December quarter from 21.6 per cent September quarter and 20.2 per cent in the December quarter of last year. ...Less

HCL Technologies, the third largest IT services provider in the country, posted a net profit of Rs 4,307 ...More

HCL Technologies, the third largest IT services provider in the country, posted a net profit of Rs 4,307 crore in the three months to March 2025, up 8% from a year ago. Revenue for the period rose 6% to Rs 30,246 crore. Ebit (earnings before interest and taxes) was up 8% on year to Rs 5,442 crore, while the EBIT margin improved 34 basis points year-on-year to 17.9%. ...Less

Shares of HCL Technologies jumped over 5% and hit a 52-week high after the company reported strong Q3FY24 ...More

Shares of HCL Technologies jumped over 5% and hit a 52-week high after the company reported strong Q3FY24 numbers. The revenue beat estimates driven by the P&P business, while the EBIT margin exceeded expectations. The company narrowed its FY24 revenue guidance and maintained the margin guidance. Analysts have mixed views on the stock, with Jefferies recommending a hold, Kotak Institutional Equities reiterating an 'Add' rating, Nuvama maintaining a buy stance, and Ambit maintaining a sell call. ...Less

Venture capitalists are taking a hard look at early-stage startups before signing off on follow-on fundin ...More

Venture capitalists are taking a hard look at early-stage startups before signing off on follow-on funding. This and more in today’s ETtech Top 5. ...Less

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disap ...More

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech's revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand. ...Less

Asian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recover ...More

Asian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recovery was well on track bolstered risk appetite, while the U.S. dollar slipped to a two-month low. ...Less

HCL Technologies witnessed a share price increase following its Q4FY25 results. The IT major reported a r ...More

HCL Technologies witnessed a share price increase following its Q4FY25 results. The IT major reported a rise in net profit and revenue. The company anticipates revenue growth for FY26. Analysts have mixed opinions on HCL Tech stock. Nuvama upgraded the stock, while InCred downgraded it. The recommendations are based on the company's performance and future outlook. ...Less

The Nifty IT index has performed better than the Nifty 50 over the past two years. The sector's growth is ...More

The Nifty IT index has performed better than the Nifty 50 over the past two years. The sector's growth is aided by macroeconomic conditions improving and recent rate cuts. Analysts remain positive about the sector, expecting continued momentum into CY25. Largecap and midcap IT stocks are recommended for investment. ...Less

HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varyi ...More

HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varying outcomes for revenue and profit, with key focus on software business, margin guidance, and deal activity. ...Less

India's IT sector faces challenges. Nifty IT index is the worst performer this year. TCS shares are down. ...More

India's IT sector faces challenges. Nifty IT index is the worst performer this year. TCS shares are down. Institutional investors are selling IT stocks. The sector is impacted by weak spending and AI. Experts suggest midcap IT might offer better growth. Technical analysis indicates further decline. The buy-and-hold strategy may no longer work for IT stocks. ...Less

This is the first inorganic bet that Amazon is taking on the social commerce space where sellers use plat ...More

This is the first inorganic bet that Amazon is taking on the social commerce space where sellers use platforms like Whatsapp and Facebook to sell their wares. The acquisition is Amazon’s attempt at getting a foothold in this buzzy segment, where many new players have emerged over the past few years, two people aware of the matter told us. ...Less

Here’s breaking down the pre-market actions. ...More

Here’s breaking down the pre-market actions. ...Less

Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But ...More

Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But with public attention comes regulatory scrutiny. Experts say that India’s new data protection bill may be tough for platforms like ChatGPT and Google’s Bard. This and more in today’s ETtech Morning Dispatch. ...Less

Many cryptocurrency “hacks” are actually the result of simple security breaches in which hackers gain acc ...More

Many cryptocurrency “hacks” are actually the result of simple security breaches in which hackers gain access to victims’ private keys. That’s more like picking someone's pocket than doing any actual, you know, hacking. ...Less

Recent earnings of TCS, HCLTech & Wipro suggest the $245 billion Indian software exports industry doesn’t ...More

Recent earnings of TCS, HCLTech & Wipro suggest the $245 billion Indian software exports industry doesn’t see any immediate demand revival. ...Less