Wednesday, October 28, 2009

HCL Tech Q1 net sales up 4.23% at Rs 3,031.4 cr


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%

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