HCL Technologies reported a consolidated net profit of Rs. 2,540 crores for the September-end quarter of the current fiscal year, posting a 16.1 per cent increase as compared to the company’s registered net profit of Rs 2,188 crore in the corresponding quarter a year ago.
Its revenue grew 19.5 per cent to Rs 14,861 crore in the quarter under review from Rs 12,434 crore in the September 2017 quarter. Earnings before interest & tax (EBIT) for the quarter under review stood at Rs 29.66 billion, up 8.7 per cent on Q-o-Q basis and 21 per cent Y-o-Y
C Vijayakumar, President and CEO of HCL Technologies, said in a statement, “We continue to deliver strong and consistent quarter-on-quarter revenue and margin growth performance.” He also added that the company remains confident of retaining this growth trajectory going forward.
According to the regulatory filings, the net profit (In dollar terms) rose 5.1 per cent to USD 356.7 million for the July-September quarter, while revenue was higher by 8.9 per cent at USD 2.09 billion. The company expects its FY19 revenue to grow between 9.5-11.5 per cent in constant currency basis.
Prateek Aggarwal, CFO, HCL Technologies, stated, “We delivered a robust performance of 10.5 per cent YoY revenue growth in constant currency and EBIT margin at 19.9 per cent, near the mid-point of our guided range.”
“We are very happy to report that our Net Profit has crossed a milestone of Rs 100 billion on a run-rate basis. At Rs 25.40 billion for the quarter, the net profit was up 5.7 per cent QoQ and 16.1 per cent YoY,” he added.
HCL Technologies board has recommended a dividend of Rs 2 per share. The company added 11,683 people (gross) during the quarter to take its total headcount to 1,27,875 at the end of September quarter.