HCL Technologies has declared its first quarter FY10 results. Its consolidated net profit went down 3.03% at Rs 320 crore versus Rs 330 crore, on quarter-on-quarter basis (QoQ). Net profit without forex losses stood at Rs 470.5 crore versus Rs 418.9 crore, a growth of 12.3%.
Net sales increased 4.23% to Rs 3,031.4 crore as against Rs 2,908.5 crore, (QoQ).
Numbers were above the street expectations. CNBC-TV18 was expecting net profit at Rs 303.5 crore and net sales at Rs 2,976.6 crore.
EBIDTA (earning before interest, depreciation, tax and amortisation) margin improved to 22.7% versus 22.1% (QoQ). EBIDTA was up 6.9% to Rs 688 crore versus Rs 644.1 crore.
The company reported forex loss at Rs 151 crore versus Rs 89 crore (QoQ).
Rev Growth Margins
Consolidated IT services 4.6% QoQ 23.6% vs 22.9%
BPO Services 0.8% QOQ 14.3% vs 15.1%
Margins ( $ performance)
EBIDTA margins EBIT margins
Q1 22.7% 18%
Q4 22.1% 18%
Q3 21.3% 16.4%
Q2 22.5% 18.5%
Q1 22.4% 18.6%Q4 23.4% 19.5%
Net sales increased 4.23% to Rs 3,031.4 crore as against Rs 2,908.5 crore, (QoQ).
Numbers were above the street expectations. CNBC-TV18 was expecting net profit at Rs 303.5 crore and net sales at Rs 2,976.6 crore.
EBIDTA (earning before interest, depreciation, tax and amortisation) margin improved to 22.7% versus 22.1% (QoQ). EBIDTA was up 6.9% to Rs 688 crore versus Rs 644.1 crore.
The company reported forex loss at Rs 151 crore versus Rs 89 crore (QoQ).
Rev Growth Margins
Consolidated IT services 4.6% QoQ 23.6% vs 22.9%
BPO Services 0.8% QOQ 14.3% vs 15.1%
Margins ( $ performance)
EBIDTA margins EBIT margins
Q1 22.7% 18%
Q4 22.1% 18%
Q3 21.3% 16.4%
Q2 22.5% 18.5%
Q1 22.4% 18.6%Q4 23.4% 19.5%
Money Control

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