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 Finlandâ€“based company , Variantum Oy specialized in managing configurable products through their life-cycle. Together, the partners will augment Variantumâ€™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. HCLâ€™s Engineering and R&D Services, with its vast pool of engineering talent internationally and in Europe, is primed to substantially scale Variantumâ€™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.
BSE 967.90 10.70 (1.12%)
NSE 967.60 8.45 (0.88%)
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