HCL Tech: Beats expectations - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

HCL Tech: Beats expectations

Apr 19, 2001

HCL Tech has reported growth in revenues by 85% and the rise in net profit by 117.5% (YoY). However, the company has posted a flat revenue growth of 1.7% and a marginal dip of 2% in net profits on a QoQ basis for 3QFY01.

(Rs m) 2QFY01 3QFY01 Change
Sales 1,866 1,897 1.7%
Other Income 301 277 -8.0%
Expenditure 893 886 -0.8%
Operating Profit (EBDIT) 973 1,012 4.0%
Operating Profit Margin (%) 52.1% 53.3%
Interest - -
Depreciation 51 60 17.1%
Profit before Tax 1,223 1,229 0.5%
Tax 73 99 35.0%
Profit after Tax/(Loss) 1,150 1,130 -1.7%
Net profit margin (%) 61.6% 59.5%
Diluted number of shares (m) 282.0 282.0
Diluted Earnings per share* 16.3 16.0
P/E (x) 22.2

The highlight of the of the performance is an improvement in operating margins by 120 basis points to 53.3% compared to 2QFY01.

The company has signed 16 new contracts in the last quarter. Its offshore business has moved up to 65% (63% in 2QFY01), which the company plans to increase to 70% by the year end.

At the current market price of Rs 355, the stock is trading at a P/E multiple of 22 times its 3QFY01 earnings.

Equitymaster requests your view! Post a comment on "HCL Tech: Beats expectations". Click here!


More Views on News

HCL TECHNOLOGIES 2020-21 Annual Report Analysis (Annual Result Update)

Oct 20, 2021 | Updated on Oct 20, 2021

Here's an analysis of the annual report of HCL TECHNOLOGIES for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of HCL TECHNOLOGIES. Also includes updates on the valuation of HCL TECHNOLOGIES.

HCL TECHNOLOGIES Announces Quarterly Results (2QFY22); Net Profit Up 3.7% (Quarterly Result Update)

Oct 18, 2021 | Updated on Oct 18, 2021

For the quarter ended September 2021, HCL TECHNOLOGIES has posted a net profit of Rs 33 bn (up 3.7% YoY). Sales on the other hand came in at Rs 207 bn (up 11.1% YoY). Read on for a complete analysis of HCL TECHNOLOGIES's quarterly results.

HCL Technologies Slips 2% After June Quarter Results (Views On News)

Jul 20, 2021

The company's results have missed street estimates for the second consecutive quarter.

India's Top 4 IT Companies are Struggling. Here's Why... (Views On News)

Oct 22, 2021

As attrition rates are unbelievably high, top Indian IT companies are going for big-ticket raises, and much more hiring this year.

If You had Invested Rs 1 Lakh in TCS in 2011, this is how Much You Would have Today (Views On News)

Nov 30, 2021

Did TCS perform better than the market and its peers?

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

How to Find Your Next 10-Bagger in this Market (Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing. (Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.


Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 1, 2021 (Close)


  • Track your investment in HCL TECHNOLOGIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks