HCL Tech

By Research Desk
about 11 years ago

 

HCL Tech hit a new 52-week high on the back of its very good numbers for its fourth quarter ended 30th June 2013. Its consolidated rupee revenue rose much more than estimated at rs.6944 crore, up 8% (QoQ) while dollar revenue was up 3% at US$1228 million. EBIT was up over 14% on a sequential basis at Rs.1461 crore. Consolidated net profit for the fiscal fourth quarter ended June 30 rose to Rs.1210 crore ($200 million) from Rs 854 crore a year earlier, up 42%. This good performance was on account of a robust order intake. During the quarter, HCL booked in excess of US$ 1 Billion, including 12 multi-year deals from F500/G2000 clients.

EBITDA margin came in at 23.5% , better than 22.4% in March quarter  and 22% on YoY. NIM was also good at 17.4% v/s 14.4% (YoY) and 16.2% (QoQ). In terms of geography, Americas grew 2.8% (QoQ) and Europe much higher, by 9.6%. In terms of sectors, growth was led by infrastructure services at 9.4%, Engineering and R&D at 4.4%, BPO services at 3.9% and custom application services at 2.6%. The company seems to be on a good run and the coming new year and quarter for the company is also expected to be good.

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