HCL Technologies Q4FY19 Result Quarter Earnings Profit 2019

HCL Technologies Q4FY19 Result profit up 10%, good performance in the fourth quarter

IT major HCL Technologies has said that the company's net profits increased 10.32 % to Rs 2,031 crore in the fourth quarter of the fiscal year 2018-19 from the previous year.

IT major HCL Technologies has said that the company's net profits increased 10.32% to Rs 2,031 crore in the fourth quarter of the fiscal year 2018-19 from the previous year. The company's profit during the same period last year was Rs 1,841 crore.

At the same time, the company's net profits increased by 11.17 % to Rs 8,185 crore in the entire financial year 2018-19. In the last financial year 2017-18, the net profit of HCL was Rs 7,362 crores.

The consolidated net profit of the company stood at Rs 2,550 crore in the quarter, compared to the net consolidated profit of the company in the corresponding quarter of last fiscal at Rs 2,230 crore. HCL's consolidated net profit increased by 16.02 percent to Rs 10,120 crore in the financial year 2018-19.

Earlier, it was reported that in the financial year 2018-19, major IT companies Tata Consultancy Services (TCS) and Infosys have employed 42,000 more technical workers than their previous financial year, which is more than 350 percent in new recruitments. There is an increase.

According to a release issued this week by Fortune, it has been said that TCS, the Mumbai-based headquarters, recruited 29,287 employees in the financial year ending March 31, while Bangalore's Infosys added 24,016 software professionals.

In the financial year 2018-19, these two companies added 53,303 new employees, whereas in FY 2017-18 both the companies had recruited 11,500 new employees.

HCL Technologies Ltd's share price is currently at Rs1,087.45, down by Rs44.65 or 3.94%, from its previous close of Rs1,132.10 on the BSE.
The scrip opened at Rs1,126.70 and has touched a high and low of Rs1,126.70 and Rs1,084.35, respectively. So far, 17,00,886 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,53,544.33cr.