HCL Technologies share price: HCL Tech stock slips over 9% after Q3 results. Should you buy, sell or hold?
HCL Technologies shares slipped 9.23% on Tuesday, January 14, to their intraday low of Rs 1,805.85 after the IT services company reported a 6% growth in its consolidated net profit to Rs 4,591 crore for the quarter ended December 2024.
The net profit stood at Rs 4,350 crore a year ago. Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.
The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).
In constant currency (CC) terms, revenue growth for the quarter stood at 4% YoY. Meanwhile, the USD revenues during the reporting period rose 3.5%…
