It Player HCL Technologies on July 19 posted a 9.9 percent year-on-year (yoy) increase in the June quarter consolidated net income at Rs 3,214 Crore.
Revenue for the quarter came at Rs 20,068 Crore, up 12.5 percent yoy.
In sequence (a quarter quarter), profit rose 8.5 percent while revenue increased 2.2 percent.
The company Q1FY22 results failed to fulfill market estimates as CNBC-TV18 analyst polls estimated company profits at Rs 3,253 Crore and income at Rs 20,303 Crore.
The EBITDA margin came at 24.5 percent while the EBIT margin reached 19.6 percent for the quarter.
Revenue in the term constant currency (CC) grew 0.7 percent QOQ and 11.7 percent yoy.
Revenues in the requirements of the dollar came at $ 2,720 mn, up 0.9 percent Qoq and 15.5 percent yoy. Net income reached $ 436 MN, up 6.4 percent of Qoq and 12.8 percent yoy.
Wise segments, and business services grow 13 percent YoY while engineering services and R & D grow 10.7 percent and products & platforms grow 6 percent yoy.
The total headcount of the company reached 1,76,499 with a strong clean addition of 7,522 during the quarter.
The Q1 TCV of New Deal won at $ 1,664 MN, witnessed a growth of 37 percent yoy, activated by 8 large service deals victory and 4 significant products win, said HCL Tech.
The company declares RS 6 dividends per share.
HCL Tech expects income to grow in two digits in a constant currency for FY22. EBIT margin is estimated between 19 percent and 21 percent for FY22, the company said.
“We posted 11.7 percent of YoY’s revenue growth in a constant currency and 29 percent growth mode in mode 2 in a constant currency marked with the Cloud and Digital Transformation Transformation. We remain very confident about the growth of QoQ which is good for the rest of this year, activated By 37 percent. YoY growth in reservations and 7,500+ this quarter’s clean recruitment, “said C Vijayakumar, Chief Executive Officer, HCL Technologies.
“Our OCF & FCF results remain among the highest among each of the colleagues of 6.2 percent and 5.5 percent. During the quarter, we paid Rs 4,341 Crore ($ 588 million) dividends, the post where clean cash We at the end of $ 2053 million in the end of the quarter, “said Prateek Aggarwal, CFO, HCL Technologies.
On July 19, HCl Tech shares have risen by around 6 percent in BSE in the 2021 calendar so far, against a 10 percent increase in the benchmark sensex.
