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HCL Technologies Ltd reports Rs. 3143 crores consolidated net profit in Q2FY21

Posted On: 2020-10-15 20:47:19


HCL TECHNOLOGIES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.18793 crores during the period ended September 30, 2020 as compared to Rs.18137 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.3143 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.2931 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.11.58 for the period ended September 30, 2020 as compared to Rs.10.80 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 18793 crs₹ 18137 crsUp Tick 3.62%
Net Profit₹ 3143 crs₹ 2931 crsUp Tick 7.23%
EPS₹ 11.58₹ 10.80Up Tick 7.22%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.18793 crores during the period ended September 30, 2020 as compared to Rs.17629 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.3143 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.2711 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.11.58 for the period ended September 30, 2020 as compared to Rs.9.99 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 18793 crs₹ 17629 crsUp Tick 6.6%
Net Profit₹ 3143 crs₹ 2711 crsUp Tick 15.94%
EPS₹ 11.58₹ 9.99Up Tick 15.92%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.36930 crores during the 6 months period ended September 30, 2020 as compared to Rs.34239 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.6074 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.4941 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.22.38 for the 6 months period ended September 30, 2020 as compared to Rs.18.21 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 36930 crs₹ 34239 crsUp Tick 7.86%
Net Profit₹ 6074 crs₹ 4941 crsUp Tick 22.93%
EPS₹ 22.38₹18.21Up Tick 22.9%

"These unprecedented times and the volatile global business environment have changed the way organizations operate. Enterprises are accelerating the adoption of technology and sharpening their focus on being resilient and better prepared for unpredictable situations. As businesses rethink, redefine and refine their ways of working, it has become imperative for them to adopt sustainable practices that complement their agile business models. We believe that business has a collective social responsibility to ensure that stakeholders have every advantage to succeed. At HCL, we are committed to ensuring the socio-economic development of the communities we engage with around the world." said Shiv Nadar, Chief Strategy Officer, HCL Technologies Ltd.

"We have delivered a stellar Q2 performance with a sequential revenue growth of 4.5% in constant currency and 21.6% EBIT margin. This growth momentum was driven by our continued leadership in Digital Transformation and Cloud businesses and a strong stability in the Products & Platforms segment, all of which continue to open diverse growth avenues for us. Our investments over the last few years in next-gen technologies have held us in good stead during these difficult times and position us strongly to leverage the emerging market opportunities." said C Vijayakumar, President & CEO, HCL Technologies Ltd.

"We are delighted with the all-round Q2 FY'21 performance. All engines of growth are firing, and our margins have increased significantly with EBITDA at 26.6% and EBIT at 21.6%, expanding by 320 bps and 160 bps respectively on YoY basis. The standout performance for the quarter has been the cash generation and conversion ratios. Our Operating Cash Flow (OCF) & Free Cash Flow (FCF) stand at handsome US$ 2,692 mn and US$ 2,444 mn respectively on Last-Twelve-Month basis, with OCF/NI and FCF/NI conversion at an impressive 161% and 146% respectively." said Prateek Aggarwal, CFO, HCL Technologies Ltd.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.859.45 as compared to the previous close of Rs. 890.1. The total number of shares traded during the day was 881042 in over 11950 trades.

The stock hit an intraday high of Rs. 903.55 and intraday low of 834. The net turnover during the day was Rs. 772086091.


Source: Equity Bulls

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