• OUTLOOK ARENA
  • VIEWS ON NEWS
  • OCTOBER 20, 2000

HCL Infosystems' 1Q profits up by 27%

HCL Infosystems' net profits for the 1QFY01 increased by 27% on a revenues of Rs 3 bn. The company's operating margins declined by 150 basis points to 7.6%.

(Rs m)1QFY001QFY01Change
Sales 2,268 2,926 29.0%
Other Income 20 21 8.7%
Expenditure 2,062 2,703 31.1%
Operating Profit (EBDIT) 206 222 7.9%
Operating Profit Margin (%)9.1%7.6% 
Interest 26 4 -83.5%
Depreciation 32 27 -16.2%
Profit before Tax16721226.7%
Tax 16 20 25.0%
Profit after Tax/(Loss) 151 192 26.9%
Net profit margin (%)6.7%6.6% 
Diluted number of shares 31.9 31.9  
Diluted Earnings per share*19.024.1 
*(annualised)   

The profit growth was mainly due to lower interest cost and depreciation charge in the current quarter compared to corresponding previous quarter.

At the current market price of Rs 245, HCL Info gets a P/E multiple of 10 times its 1QFY01 annualised earnings.

Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst)
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407