HCL Technologies shares slump 7 per cent after Q3 results

ANI
17 Jan 2022, 19:27 GMT+10

Mumbai [India], January 17 (ANI): Share price of HCL Technologies plunged by around 7 per cent on Monday after the company reported 13.6 per cent drop in its net profit for the third quarter of the current financial year.

HCL Technologies was trading at Rs 1262.65 at the Bombay Stock Exchange (BSE) at around 2 pm on Monday, which is 5.60 per cent lower from its previous session's close at Rs 1337.55.

Earlier, trading in HCL Technologies started with huge loss at Rs 1276. The scrip plunged to a low of Rs 1244 in the intra-day, which is 6.99 per cent lower from its previous close of Rs 1337.55 recorded on Friday.

The company announced its Q3 results on Friday after the closing of the market trading.

HCL Technologies reported net profit of Rs 3,442 crore for the third quarter of 2021-22, which is 13.6 per cent lower from Rs 3,969 crore profit reported during the corresponding quarter of previous year.

However, the company's revenue increased by 15.7 per cent to Rs 22,331 crore during October-December 2021 period as compared to Rs 19,302 crore reported during the corresponding period of 2020. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.

More Information

33 ℃

Widespread Dust in Baghdad

International

Section

Amtrak nearly at pre-COVID-19 ridership levels, says official

WASHINGTON D.C.: Amtrak CEO Stephen Gardner said this week that despite projected losses of $800 million for the current budget ...

US to pay $570 million to eliminate dangerous rail sites

WASHINGTON D.C.: The Biden administration has announced that it is providing grants worth $570 million to eliminate many dangerous railroad ...

No confirmation, as reports say King Charles going to France in fall

PARIS, France: According to a report by BFM TV, Britain's King Charles is considering a visit to France in September, ...

US to get tough as drone disrupts Pittsburgh airport

WASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...