HCL Technologies shares declined greater than 2 per cent in a powerful market because the IT agency reported a 72 per cent decline in revenue within the January-March quarter of the monetary 12 months 2020-21. HCL Technologies’ revenue declined to Rs 1,102 crore within the March quarter from Rs 3,969 crore within the October-December quarter on the again of upper tax expense through the fourth quarter. At 10:15 am, the shares of HCL Tech had been the the highest losers on the BSE, buying and selling decrease by 2.four per cent at Rs 932.55.
The firm’s income from operations went up 5.7 per cent year-on-year at Rs 19,641 crore within the quarter, in comparison with Rs 18,587 crore within the corresponding interval final 12 months. The firm’s web earnings for the quarter stood at Rs 2,962 crore, registering a decline of 25.6 per cent quarter-on-quarter and a fall of 6.1 per cent on a year-on-year foundation.
The BSE Sensex was buying and selling at 48,559.55, larger by 688 factors or 0.44 per cent and the NSE Nifty was at 14,531.55, up 189.45 factors or 1.33 per cent on the time.