IT services major HCL Technologies (HCLT) on Friday posted a 6.1 per cent decline in consolidated net profit for the March quarter at Rs 2,962 crore, but said it is confident of logging double-digit growth in 2021-22 revenue on the back of a strong deal pipeline.
The Noida-based firm also announced a special interim dividend of Rs 10 per share to mark its $10 billion annual revenue milestone.
The IT major had registered a net profit of Rs 3,154 crore in the January-March 2020 quarter, HCL said in a regulatory filing.
Including the impact of the one-time milestone bonus, HCLT’s net profit for the March 2021 quarter was at Rs 2,387 crore.
The decline in net profit was on account of higher tax outgo during the quarter under review.
Its revenue grew 5.7 per cent to Rs 19,642 crore from Rs 18,590 crore in the corresponding quarter last year, according to US GAAP.
For the 2020-21 fiscal, HCLT’s consolidated net profit increased 17.6 per cent to Rs 13,011 crore, while the revenue grew 6.7 per cent to Rs 75,379 crore from the previous financial year.
The company expects its 2021-22 topline to grow in double-digits in constant currency terms.
For financial year 2020-21, the company signed $7.3 billion worth of net new deals, which is higher by 18 per cent over the previous fiscal.
