HCL Q3 net profit up 31%, crosses $10-bn revenue milestone in 2020

The company's revenue crossed the $10-billion milestone in 2020, delivering a 3.6 per cent YoY growth in constant currenc

Riding the digitisation wave, HCL Technologies posted a strong set of numbers for the December quarter, with net profit up 31.1 per cent year-on-year (YoY) at Rs 3,982 crore as compared to the corresponding quarter a year ago. The net profit rose 26.7 per cent on a sequential basis.

The Noida-headquartered company’s consolidated revenue rose 6.4 per cent to Rs 19,302 crore YoY and 3.8 per cent sequentially. The EBIT margin of the IT services provider expanded 265 basis points on a YoY basis to 22.9 per cent in the October-December period - a 24 quarter high.

The company’s revenue also crossed