HCL Technologies Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||24.4||39|
|Net Profit (adjusted)||2,207||[0.1]|
HCL technologies ltd's reported consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in 1.1 % lower than the estimated figure of Rs. 12572 crores. EBITDA for the quarter came in 22 % higher than the estimated figure of Rs. 2489.25 crores. And lastly, net profit for the quarter came in 3% higher than the estimated figure of Rs. 2143 crores.
HCL technologies ltd consolidated revenue for the quarter came in at Rs. 12433 crores, registering 2.3% QoQ increase. This was primarily driven by 2.4% and 2% QoQ increase in revenues from software services and IT infrastructure services.
EBITDA for the quarter rose by 4% QoQ to Rs. 3037 crores with a corresponding margin expansion of 39 bps. EBITDA margin for the quarter stood at 24.4%.
PAT for the quarter remained stable at Rs. 2207 crores.
FY18 revenues are expected to grow between 10.5% to 12.5% in Constant Currency as per the company guidance. Further, It expects operating margin (EBIT) to be in the range of 19.5%-20.5% for FY18.
HCL Technologies' utilsation for the quarter stands at 85.3% and employee attrition of IT services (LTM) stands at 18.6%.
HCL has partnered with a Finland–based company , Variantum Oy specialized in managing configurable products through their life-cycle. Together, the partners will augment Variantum’s efforts to introduce innovations for industrial digitalization: from Configure-Price-Quote solutions (CPQ) to life-cycle management of Digital Twins. This partnership will benefit a large customer base across various industries with configurable products, from elevators to locking products, among others. HCL’s Engineering and R&D Services, with its vast pool of engineering talent internationally and in Europe, is primed to substantially scale Variantum’s capabilities, both locally and globally.
Board has declared interim dividend of Rs.2 per equity share of Rs.2
HCL Technologies Ltd ended at Rs. 900, down by 13.45 points or 1.47% from its previous closing of Rs. 913.45 on the BSE.
The scrip opened at Rs. 900 and touched a high and low of Rs. 900 and Rs. 900 respectively. A total of 6,862(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
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