HCL TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 8.3%

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 Announces Quarterly Results (1QFY20); Net Profit Down 8.3%
Thu, 8 Aug

HCL TECHNOLOGIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HCL TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m138,780159,900164,2702.7%18.4%
Other incomeRs m3,2502,0001,830-8.5%-43.7%
TurnoverRs m142,030161,900166,1002.6%16.9%
ExpensesRs m106,410123,960128,5703.7%20.8%
Gross profitRs m32,37035,94035,700-0.7%10.3%
DepreciationRs m4,7605,4507,35034.9%54.4%
InterestRs m20069087026.1%335.0%
Profit before taxRs m30,66031,80029,310-7.8%-4.4%
TaxRs m6,3506,3007,01011.3%10.4%
Profit after taxRs m24,31025,50022,300-12.5%-8.3%
Gross profit margin%23.322.521.7
Effective tax rate%20.719.823.9
Net profit margin%17.115.813.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.4% on a year-on-year (YoY) basis. The expenses were up by 20.8% YoY during the same period.
  • The company's operating profit increased by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 1QFY20 as against 23.3% in 1QFY19.
  • Depreciation charges increased by 54.4% and finance costs increased by 335.0% YoY, respectively.
  • Other income declined by 43.7% YoY during the quarter.
  • Net profit for the quarter declined by 8.3% YoY. Net profit margins during the quarter declined from 17.1% in 1QFY19 to 13.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.7% QoQ during the same period.
  • The company's operating profit declined by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 1QFY20 as against 22.5% in 4QFY19.
  • Net profit for the quarter declined by 12.5% QoQ, while net profit margins declined from 15.8% in 4QFY19 to 13.4% in 1QFY20.

To see how HCL TECHNOLOGIES has performed over the last eight quarters,please visit here.

HCL TECHNOLOGIES Share Price Performance

Over the last one year,HCL TECHNOLOGIES share price has moved up from Rs 964.9 to Rs 1,061.8, registering a Gain of Rs 96.9 or around 10.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,844.9 (up 1.3%). Over the last one year it has moved up from 14,566.6 to 15,844.9, a gain of 1,278 points (up 8.8%).

Overall, the S&P BSE SENSEX is down 2.4% over the year.

Current Valuations

At the current price of Rs 1,061.8, the price to earnings (P/E) ratio of HCL TECHNOLOGIES stands at 15.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

Equitymaster requests your view! Post a comment on "HCL TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 8.3%". Click here!

  

Related Views on News

HCL TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 24.4% (Quarterly Result Update)

May 7, 2020 | Updated on May 7, 2020

For the quarter ended March 2020, HCL TECHNOLOGIES has posted a net profit of Rs 32 bn (up 24.4% YoY). Sales on the other hand came in at Rs 186 bn (up 16.2% YoY). Read on for a complete analysis of HCL TECHNOLOGIES's quarterly results.

HCL TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Up 13.0% (Quarterly Result Update)

Jan 20, 2020 | Updated on Jan 20, 2020

For the quarter ended December 2019, HCL TECHNOLOGIES has posted a net profit of Rs 29 bn (up 13.0% YoY). Sales on the other hand came in at Rs 181 bn (up 15.5% YoY). Read on for a complete analysis of HCL TECHNOLOGIES's quarterly results.

HCL TECHNOLOGIES 2018-19 Annual Report Analysis (Annual Result Update)

Sep 9, 2019 | Updated on Sep 9, 2019

Here's an analysis of the annual report of HCL TECHNOLOGIES for 2018-19. 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 TECH. 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of HCL TECH. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of HCL TECH.. Also includes updates on the valuation of HCL TECH..

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

HCL TECHNOLOGIES SHARE PRICE


Dec 4, 2020 (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 8-QTR ANALYSIS

COMPARE HCL TECHNOLOGIES WITH

MARKET STATS