HCL shares tumble over 3%

New Delhi : Shares of HCL Technologies on Monday dipped over 3 per cent after the company posted a 6.1 per cent decline in consolidated net profit in March quarter.

The stock declined 3.32 per cent to Rs 924 on the BSE. On NSE, it dipped 3.31 per cent to Rs 924. IT services major HCL Technologies (HCLT) on Friday posted a 6.1 per cent decline in consolidated net profit in March quarter to Rs 2,962 crore, but said it is confident of logging double-digit growth in FY22 revenue on the back of a strong deal pipeline.

The 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 March 2021 quarter was at Rs 2,387 crore.