new Delhi. HCL Technologies, one of the largest tech companies in the country, forecasts September quarter earnings and profits. According to this estimate, the company’s earnings could grow from 1.5 per cent to 2.5 per cent over the previous quarter. Since then, the company’s shares are seeing a boom. Currently, the company’s shares have risen by more than 10% to reach a height of 52 weeks. Due to which the investors of the company have got filled. Let us also tell you what kind of estimate has been made by the company.
HCL estimates quarterly results
HCL Technologies has said that we have seen a lot of strength during the quarter, and we have firmly implemented our plans. According to the company, led by Life Sciences and Healthcare, Telecom and Media and Financial Services verticals continue to grow well this quarter. According to the company, EBIT (earnings before interest and taxes) for the September quarter is expected to range from 20.5 per cent to 21 per cent.
Company shares rise
After the company’s estimates, the company’s shares are seeing tremendous boom. Currently, at 3.15 pm, the company’s stock is trading at Rs 797.50, up 10.60 per cent, ie Rs 76.45. While during the trading session, the company’s stock reached a 52-week high of Rs 807.80. While the company’s stock opened at Rs 739 today. While the shares of the company closed at Rs 721.05 on Friday.
Quarterly results were excellent in the previous quarter
– In the June quarter, HCL Technologies’ profit grew by 31.70 per cent to Rs 2,925 crore.
– HCL Tech’s consolidated revenue grew 8.6 per cent to Rs 17,841 crore in the June quarter.
The company’s EBITDA grew 34.30 per cent to Rs 4566 crore in the April-June quarter.
– The operating margin of the company is expected to increase from 19.5 to 20.5 percent in this financial year.