HCL Technologies net profits zoom. - Views on News from Equitymaster

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

  • MyStocks

MEMBER'S LOGINX

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

HCL Technologies net profits zoom.

Apr 21, 2000

HCL Technologies Ltd is a newly formed company of the HCL group that is engaged in software solutions,software engineering,e-commerce,internet services and a host of other IT related services.

(Rs m) 3QFY1999 3QFY2000 Change
Sales 733 969 32%
Other Income 34 184 441%
Expenditure 482 550 14%
Operating Profit (EBDIT) 251 419 67%
Operating Profit Margin (%) 34.2% 43.2%  
Interest 9 - 0%
Depreciation 38 34 -11%
Profit before Tax 238 569 139%
Other Adjustments -  
Tax 4 50 1150%
Profit after Tax/(Loss) 234 519 122%
Net profit margin (%) 31.9% 53.6%
Earnings per share 1.88 3.66 95%

The above results are as per Indian GAAP. It proposes to shortly list with the New York Stock Exchange and the NASDAQ shortly to fund its expansion plans mainly by way of acquisitions. The company already has Rs 1bn for acquistions, but according to it this would not suffice.The encouraging factor for such acquisitions is that the company already has orders on book worth Rs 1.6 bn which is expected to grow substantially.

The encouraging factor for the company is that revenue from high revenue areas such as internet and e-commerce grew by 93% over the previous quarter to touch Rs 1000 m. The company continues to focus on high growth areas which are technology driven by making new forays in areas of blue tooth which facilitates internet access through mobile phones and setting up a test lab for cellular phone technology.

The only discouraging factor though is that other income includes non operational income to the extent of Rs 119 m . This income has accrued from sale of investments and has significantly contributed to the rise in profits.

Equitymaster requests your view! Post a comment on "HCL Technologies net profits zoom.". 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'.

India's Top 5 Monopoly Stocks to Watch Out for (Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

5 Indian Companies Embracing Blockchain Technology (Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.

More

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

HCL TECHNOLOGIES SHARE PRICE


Dec 3, 2021 (Close)

TRACK HCL TECHNOLOGIES

  • 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

MORE ON HCL TECHNOLOGIES

HCL TECHNOLOGIES - TANLA PLATFORMS COMPARISON

COMPARE HCL TECHNOLOGIES WITH

MARKET STATS