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

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HCL TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 24.4%
Thu, 7 May

HCL TECHNOLOGIES has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

HCL TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m159,900181,350185,8702.5%16.2%
Other incomeRs m2,0001,5701,470-6.4%-26.5%
TurnoverRs m161,900182,920187,3402.4%15.7%
ExpensesRs m123,960135,060137,2901.7%10.8%
Gross profitRs m35,94046,29048,5804.9%35.2%
DepreciationRs m5,4509,4209,9605.7%82.8%
InterestRs m6901,5801,240-21.5%79.7%
Profit before taxRs m31,80036,86038,8505.4%22.2%
TaxRs m6,3007,4207,130-3.9%13.2%
Profit after taxRs m25,50029,44031,7207.7%24.4%
Gross profit margin%22.525.526.1
Effective tax rate%19.820.118.4
Net profit margin%15.816.116.9
* 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 16.2% on a year-on-year (YoY) basis. The expenses were up by 10.8% YoY during the same period.
  • The company's operating profit increased by 35.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.1% in 4QFY20 as against 22.5% in 4QFY19.
  • Depreciation charges increased by 82.8% and finance costs increased by 79.7% YoY, respectively.
  • Other income declined by 26.5% YoY during the quarter.
  • Net profit for the quarter increased by 24.4% YoY. Net profit margins during the quarter increased from 15.8% in 4QFY19 to 16.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.7% QoQ during the same period.
  • The company's operating profit increased by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.1% in 4QFY20 as against 25.5% in 3QFY19.
  • Net profit for the quarter increased by 7.7% QoQ, while net profit margins increased from 16.1% in 3QFY19 to 16.9% in 4QFY20.

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

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HCL TECHNOLOGIES Share Price Performance

Over the last one year,HCL TECHNOLOGIES share price has moved down from Rs 563.4 to Rs 515.3, registering a Loss of Rs 48.1 or around 8.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,485.6 (up 0.2%). Over the last one year it has moved down from 15,682.4 to 13,485.6, a loss of 2,197 points (down 14.0%).

Overall, the S&P BSE SENSEX is down 18.7% over the year.

Current Valuations

At the current price of Rs 515.3, the price to earnings (P/E) ratio of HCL TECHNOLOGIES stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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