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This is an entirely free service. No payments are to be made.HCL Technologies announced its second quarter results for FY18. The company reported a 2.3% QoQ increase in sales and a 0.2%% QoQ fall in net profits. Here is our analysis of the results.
(Rs m) | 1QFY18 | 2QFY18 | Change | 1HFY17 | 1HFY18 | Change |
---|---|---|---|---|---|---|
Sales | 121,490 | 124,330 | 2.3% | 228,560 | 245,820 | 7.6% |
Expenditure | 94,910 | 97,140 | 2.3% | 179,070 | 192,050 | 7.2% |
Operating profit (EBITDA) | 26,580 | 27,190 | 2.3% | 49,490 | 53,770 | 8.6% |
Operating profit margin (%) | 21.9% | 21.9% | 21.7% | 21.9% | ||
Other income (net of forex gain/loss) | 3,130 | 3,320 | 6.1% | 5,370 | 6,450 | 20.1% |
Finance costs | 180 | 110 | -38.9% | 390 | 290 | -25.6% |
Depreciation & Amortization | 2,270 | 2,960 | 30.4% | 3,590 | 5,230 | 45.7% |
Profit before tax | 27,620 | 27,660 | 0.1% | 51,660 | 55,280 | 7.0% |
Tax | 5,520 | 5,720 | 3.6% | 10,900 | 11,240 | 3.1% |
Minority interest & share of profit of assocIates | 10 | 130 | -50 | 140 | ||
Profit after tax/(loss) | 22,110 | 22,070 | -0.2% | 40,710 | 44,180 | 8.5% |
Net profit margin (%) | 18.2% | 17.8% | 17.8% | 18.0% | ||
No. of shares (m) | 1,392.0 | |||||
Diluted earnings per share (TTM) | 64.3 | |||||
P/E ratio (x)* | 13.7 |
(Rs m) | 1QFY18 | 2QFY18 | Change |
---|---|---|---|
Revenue by service offerings | |||
Application Services | 44,101 | 44,634 | 1.2% |
Engineering and R&D services | 26,120 | 27,353 | 4.7% |
Infrastructure Management Services | 46,895 | 47,867 | 2.1% |
BPO | 4,374 | 4,476 | 2.3% |
Revenue by geography | |||
Americas | 76,296 | 77,582 | 1.7% |
Europe | 33,288 | 36,180 | 8.7% |
RoW | 11,906 | 10,568 | -11.2% |
Revenue by industry vertical | |||
Financial services | 30,251 | 31,083 | 2.7% |
Manufacturing | 42,400 | 44,137 | 4.1% |
Telecom, Media & Entertainment | 9,476 | 9,822 | 3.6% |
Retail & CPG | 11,542 | 11,563 | 0.2% |
Healthcare | 14,336 | 14,547 | 1.5% |
Public Services | 13,485 | 13,179 | -2.3% |
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