Tag: q4 result

Shares of HCL Technologies Ltd jumped about 3% at ₹1,135 apiece in Friday's early deals on the BSE after the IT company reported a nearly 24% jump in its Q4 net profit at ₹3,593 crores compared to Rs 1,102 crore reported in the corresponding quarter a year ago. whereas revenue for the March quarter rose 15% from a year earlier to ₹22,597 crores as against Rs 19,642 crore reported in the year-ago period. On a sequential basis, revenues increased 1.2 percent in comparison with Rs 22,331 crore reported during the previous quarter. Due to the impact of deferred tax credit and the one-time milestone bonus paid during Q4FY21, the adjusted net profit during the same period last year stood at Rs 2,962 crore. The adjusted profit after tax for the quarter grew 21.3 percent year on year. It also declared an interim dividend of Rs 18/- per equity share of Rs.2/- each with a record date of April 29, 2022. Read more

Vedanta on 6th June (Saturday) posted a net loss of Rs 12,521 crore for the quarter ended March 31 on the exceptional loss of Rs 17,132 crore, primarily due to impairment of assets in oil and gas, copper and iron ore business. The company had posted a net profit of Rs 2,615 crore in the corresponding quarter last year. Chief Executive Officer, Vedanta, said “The COVID pandemic has hit the world and us in the last quarter of the year. We have taken a pro-active approach to keeping our assets and people safe while ensuring optimum operations during these difficult times." Net sales also declined 16 percent YoY to Rs 19,513 crore in Q4FY20 against Rs 23,092 crore in the same period last year. Read more