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This is an entirely free service. No payments are to be made.HCL Technologies announced its second quarter results for FY17. The company reported a 1.6% QoQ increase in sales and a 1.9%% QoQ fall in net profits. Here is our analysis of the results.
(Rs m) | 1QFY17 | 2QFY17 | Change | 1HFY16 | 1HFY17 | Change |
---|---|---|---|---|---|---|
Sales | 113,363 | 115,192 | 1.6% | 198,740 | 228,555 | 15.0% |
Expenditure | 88,123 | 90,164 | 2.3% | 155,630 | 178,287 | 14.6% |
Operating profit (EBITDA) | 25,240 | 25,028 | -0.8% | 43,110 | 50,268 | 16.6% |
Operating profit margin (%) | 22.3% | 21.7% | 21.7% | 22.0% | ||
Other income (net of finance costs) | 1,951 | 2,063 | 5.7% | 3,950 | 4,014 | 1.6% |
Forex gain/(loss) | 660 | 311 | -52.9% | 580 | 971 | |
Depreciation & Amortization | 1,766 | 1,826 | 3.4% | 2,590 | 3,592 | 38.7% |
Profit before tax | 26,085 | 25,575 | -2.0% | 45,050 | 51,660 | 14.7% |
Tax | 5,500 | 5,402 | -1.8% | 9,000 | 10,903 | 21.1% |
Minority interest | 32 | 16.8 | 0.00 | 49 | ||
Profit after tax/(loss) | 20,552 | 20,156 | -1.9% | 36,050 | 40,708 | 12.9% |
Net profit margin (%) | 18.1% | 17.5% | 18.1% | 17.8% | ||
No. of shares (m) | 1,410.9 | |||||
Diluted earnings per share (TTM) | 56.1 | |||||
P/E ratio (x)* | 14.6 |
(Rs m) | 1QFY17 | 2QFY17 | Change |
---|---|---|---|
Revenue by service offerings | |||
Application Services | 43,418 | 46,538 | 7.2% |
Engineering and R&D services | 20,065 | 22,117 | 10.2% |
Infrastructure Management Services | 45,232 | 40,432 | -10.6% |
BPO | 4,648 | 6,105 | 31.4% |
Revenue by geography | |||
Americas | 67,905 | 67,618 | -0.4% |
Europe | 35,596 | 36,516 | 2.6% |
RoW | 9,863 | 11,058 | 12.1% |
Revenue by industry vertical | |||
Financial services | 26,754 | 30,065 | 12.4% |
Manufacturing | 37,637 | 37,437 | -0.5% |
Telecom, Media & Entertainment | 10,316 | 11,058 | 7.2% |
Retail & CPG | 11,336 | 10,137 | -10.6% |
Healthcare | 13,490 | 14,284 | 5.9% |
Public Services | 13,263 | 11,519 | -13.2% |
Others | 567 | 691 | 21.9% |
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