HCL Infosystems: Volumes led growth - Views on News from Equitymaster

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HCL Infosystems: Volumes led growth

Jan 22, 2003

The numbers have come in as a pleasant surprise. HCL Infosystems has posted a strong 120% jump in revenues for 2QFY03 (YoY basis). However, the net profits are down 81%. This is due to an Rs 300 m write-off for impairment in value of assets by the company, excluding which the bottomline has jumped by 126%.

(Rs m) 2QFY02 2QFY03 Change 1HFY02 1HFY03 Change
Sales 2,719 5,974 119.8% 5,073 10,071 98.5%
Other Income 28 56 102.2% 49 67 36.1%
Expenditure 2,558 5,663 121.4% 4,762 9,588 101.4%
Operating Profit (EBDIT) 161 312 94.0% 311 483 55.1%
Operating Profit Margin (%) 5.9% 5.2% - 6.1% 4.8%  
Interest 6 17 212.7% 7 34 404.4%
Depreciation 29 30 2.4% 59 60 0.8%
Profit before Tax 154 320 108.6% 295 456 54.7%
Tax 8 (10) -235.5% 24 14 -40.8%
Extra-ordinary income/(expense)   (302)   0 (302)  
Profit after Tax/(Loss) 146 28 -80.6% 271 139 -48.5%
Net profit margin (%) 5.4% 0.5%   5.3% 1.4%  
Diluted number of shares 31.9 31.9   31.9 31.9  
Diluted Earnings per share* 18.3 3.5   17.0 8.7  
P/E (x)   25.4     10.3  
*(annualised)            

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Sep 18, 2020 (Close)

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