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HCL TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 14.3%

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HCL TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 14.3%
Fri, 10 May

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

HCL TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m131,780156,990159,9001.9%21.3%
Other incomeRs m3,0201,3402,00049.3%-33.8%
TurnoverRs m134,800158,330161,9002.3%20.1%
ExpensesRs m101,560120,670123,9602.7%22.1%
Gross profitRs m30,22036,32035,940-1.0%18.9%
DepreciationRs m4,2905,4105,4500.7%27.0%
InterestRs m19055069025.5%263.2%
Profit before taxRs m28,76031,70031,8000.3%10.6%
TaxRs m6,4605,6506,30011.5%-2.5%
Profit after taxRs m22,30026,05025,500-2.1%14.3%
Gross profit margin%22.923.122.5
Effective tax rate%22.517.819.8
Net profit margin%16.516.515.8
* 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 21.3% on a year-on-year (YoY) basis. The expenses were up by 22.1% YoY during the same period.
  • The company's operating profit increased by 18.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.5% in 4QFY19 as against 22.9% in 4QFY18.
  • Depreciation charges increased by 27.0% and finance costs increased by 263.2% YoY, respectively.
  • Other income declined by 33.8% YoY during the quarter.
  • Net profit for the quarter increased by 14.3% YoY. Net profit margins during the quarter declined from 16.5% in 4QFY18 to 15.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.7% QoQ during the same period.
  • The company's operating profit declined by 1.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.5% in 4QFY19 as against 23.1% in 3QFY18.
  • Net profit for the quarter declined by 2.1% QoQ, while net profit margins declined from 16.5% in 3QFY18 to 15.8% in 4QFY19.

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 930.4 to Rs 1,085.4, registering a Gain of Rs 155.0 or around 16.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,536.3 (down 0.9%). Over the last one year it has moved up from 13,119.4 to 15,536.3, a gain of 2,417 points (up 18.4%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 1,085.4, 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 4.2 times.

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