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.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
Diluted number of shares (m)
Diluted Earnings per share*
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.
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