HCL TECHNOLOGIES LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.20323 crores during the period ended June 30, 2021 as compared to Rs.19885 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.3205 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1102 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.11.81 for the period ended June 30, 2021 as compared to Rs.4.06 for the period ended March 31, 2021.
|
Total Income | ₹ 20323 crs | ₹ 19885 crs | 2.2% |
Net Profit | ₹ 3205 crs | ₹ 1102 crs | 190.83% |
EPS | ₹ 11.81 | ₹ 4.06 | 190.89% |
Financial Results (Q1 FY 2021-22) - YoY ComparisonThe company has reported total income of Rs.20323 crores during the period ended June 30, 2021 as compared to Rs.18137 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.3205 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.2931 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.11.81 for the period ended June 30, 2021 as compared to Rs.10.80 for the period ended June 30, 2020.
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Total Income | ₹ 20323 crs | ₹ 18137 crs | 12.05% |
Net Profit | ₹ 3205 crs | ₹ 2931 crs | 9.35% |
EPS | ₹ 11.81 | ₹ 10.80 | 9.35% |
"Resilience, responsiveness and reinvention - these themes have indelibly marked the months gone by. In a world still battling the aftermath of the pandemic and witnessing second or third waves, the agility and responsiveness of people and businesses have been a beacon of hope. As we look ahead with optimism, I believe that the experiences of the pandemic will foster greater adaptability and a spirit of innovation. Aided by the accelerated adoption of technology and leveraging the tenacity of people, the world will emerge as a better place. At HCL, we believe in purpose-driven growth, unifying social responsibility with our business goals. We have a strong and continued commitment to integrate sustainability and ESG priorities into our business as they are the key drivers for delivering strong value and building lasting and productive relationships with clients, employees and stakeholders," said Shiv Nadar, Chief Strategy Officer, HCL Technologies Ltd.
"With the second wave of the COVID-19 pandemic across India, we remain sharply focused on protecting the wellbeing of our employees and their families. Extensive support services were provided to the families on a war footing, while our employees and clients rallied to support each other despite all odds. We posted 11.7% YoY revenue growth in constant currency and 29.0% YoY growth in Mode 2 services in constant currency headlined by Cloud and Digital transformation deals. We remain very confident of a good QoQ growth for the rest of this year, enabled by 37% YoY growth in bookings and 7,500+ net hiring this quarter.", said C Vijayakumar, Chief Executive Officer, HCL Technologies Ltd.
"Despite the pandemic impacting India badly during the quarter, HCL delivered 8.5% growth in Profit After Tax (PAT) quarter-on-quarter at Rs. 3,214 Crores (US$ 436m) ensuing Net Income margin of 16%. In line with the profits, we generated Operating Cash Flow (OCF) of US$ 447m and Free Cash Flow (FCF) of US$ 403m, being 102% and 93% of PAT respectively. Our OCF & FCF yields remain amongst the highest among peers at 6.2% and 5.5% respectively. During the quarter, we paid out Rs. 4,341 Crores (US$ 588m) of Dividend, post which our Net Cash was at US$ 2053m at the end of the quarter.", said Prateek Aggarwal, CFO, HCL Technologies Ltd.
Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1000.2 as compared to the previous close of Rs. 1004.9. The total number of shares traded during the day was 869686 in over 16213 trades.
The stock hit an intraday high of Rs. 1017.8 and intraday low of 992.4. The net turnover during the day was Rs. 872603736.
Source : Equity Bulls
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