HCL Technologies Q4 FY2023 net income up by 11% to Rs 3,983cr

HCL Q4 FY2023 results : HCL Technologies (HCLTech) has reported a net income of INR 3,983 crores ($480.9 million) for the fourth quarter of the fiscal year 2023 (Q4 FY2023) ended 31 March 2023, which is a 10.8% increase compared to INR 3,593 crores ($474.6 million) in Q4 FY2022.

In the previous quarter, that is Q3FY2023, the Indian IT company posted a net income of INR 4,096 crores ($4968 million), as per an announcement on its website.

The diluted earnings per share (EPS) of HCL Technologies in Q4 FY2023 was INR 54.79 compared to INR 49.77 in the same quarter of the previous fiscal year.

HCL Technologies Q4 FY2023 revenues were INR 26,606 crores ($3.23 billion), an increase of 17.7%, compared to INR 22,597 crores ($2.99 billion).

HCL Technologies Q4 FY2023 net income up by 11% to Rs 3,983cr. Photo courtesy of Mohit Agarwal/Wikimedia Commons.

In Q3 FY2023, that ended 31 December 2022, the company’s revenues were INR 26,700 crores ($3.24 billion).

The company’s FY2023 net income was INR 14,851 crores ($1.83 billion), which is an increase of 10%, compared to INR 13,499 crores ($1.8 billion) for the year ended 31 March 2022 (FY2022).

HCL Technologies earned revenues of INR 101,456 crores ($12.58 billion) for the year ended 31 March 2023, which is an 18.5% increase, compared to INR 85,651 crores ($11.48 billion) in FY2022.

In Q4 FY2023, the Indian IT company bagged 13 large deals, of which 10 are in services and the remaining three in software with a total contract value of $2.07 billion. Overall FY2023 saw HCL Technologies win 57 large deals with a total contract value of $8.85 billion.