HCL Tech Q3 Results: Profit beats estimates, rises 19% YoY to Rs 4,096 cr; Rs 10 dividend announced

HCL Technologies on Thursday reported 19% year-on-year (YoY) growth in consolidated net profit to Rs 4,096 crore. The revenue for the quarter grew nearly 20% on year to Rs 26,700 crore. The bottomline was way above the ET Now poll of Rs 3,680 crore. Sequentially, the revenue rose a sharp 8% and the profit by more than 17%. HCL Tech further reduced its constant currency revenue growth guidance for the current financial year to 13.5-14.0% from 13.5-14.5% earlier. The company also lowered its operating margin guidance to 18.0-18.5% from 18-19% earlier.