Other income, reduced interest costs boosts HCL Info net profit - Views on News from Equitymaster

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  • Jan 22, 2000 - Other income, reduced interest costs boosts HCL Info net profit

Other income, reduced interest costs boosts HCL Info net profit

Jan 22, 2000

On a 9.5% change in the topline HCL Infosystems' bottomline grew by almost 45% in the third quarter of the current year. Operating margins however, are down slightly from 9.2% to 9%. It was other income accounted for 25% of the pre-tax profits. The reduction in interest as well as depreciation by 48% and 25% provided the cushion for growth to the bottomline.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 2,491.0 2,275.6 9.5%
Other Income 61.5 9.4 554.7%
Expenditure 2,267.2 2,067.4 9.7%
Interest 13.0 25.0 -48.1%
Depreciation 32.2 43.9 -26.5%
Profit before Tax 240.2 148.7 61.5%
Tax 25.0 - -
Profit after Tax/(Loss) 215.2 148.7 44.7%
Net profit margin (%) 8.6% 6.5%  

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