HCL Technologies Ltd Q4FY21 consolidated PAT falls to Rs. 1102 crores

HCL TECHNOLOGIES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.19885 crores during the period ended March 31, 2021 as compared to Rs.19491 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.1102 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.3969 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.4.06 for the period ended March 31, 2021 as compared to Rs.14.63 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 19885 crs	₹ 19491 crs	2.02%
Net Profit	₹ 1102 crs	₹ 3969 crs	-72.23%
EPS	₹ 4.06	₹ 14.63	-72.25%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.19885 crores during the period ended March 31, 2021 as compared to Rs.18734 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1102 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.3172 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.4.06 for the period ended March 31, 2021 as compared to Rs.11.69 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 19885 crs	₹ 18734 crs	6.14%
Net Profit	₹ 1102 crs	₹ 3172 crs	-65.26%
EPS	₹ 4.06	₹ 11.69	-65.27%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.76306 crores during the 12 months period ended March 31, 2021 as compared to Rs.71265 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.11145 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.11057 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.41.07 for the 12 months period ended March 31, 2021 as compared to Rs.40.75 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 76306 crs	₹ 71265 crs	7.07%
Net Profit	₹ 11145 crs	₹ 11057 crs	0.8%
EPS	₹ 41.07	₹40.75	0.79%

The ongoing COVID-19 pandemic has drastically changed our world - society at all levels, businesses around the globe, and our own individual lives, as well as those of families, friends, and colleagues. In the past year, we have worked relentlessly to respond to the disruption of the pandemic, a sign of the tenacity of the human spirit. Enterprises, too, have worked to adapt to and embrace the transformed business environment and ecosystems, partly through the adoption of next-generation technologies. At HCL, we have always believed that technology and people working together can generate positive changes that will advance the world to a better tomorrow. In fact, at HCL, we call this partnership of digital technology and the human spirit 'The New Essential'. As the global economy revives and all of us emerge from this crisis, I am sure that HCL will be even better prepared to meet future challenges. Armed with our core beliefs of innovation and invention and driven by a strong faith in humanitarian values, we will achieve our business goals, that are aligned with the socio-economic development of the communities where we work, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

"We have posted a robust Q4 FY'21 sequential constant currency revenue growth of 2.5%. Our FY'21 Revenue stands at US $ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2% YoY (ex milestone bonus). We also registered the highest ever New deal booking this quarter of US $ 3.1 B with an all-time high exit pipeline. The booking and pipeline represent a well balanced mix of service lines, geographies and industries. I am also proud to share that HCLites' commitment has resulted in yet another all-time high customer satisfaction index in FY'21. With these solid financials, a passionate employee family and a business model that has consistently proven itself for its resilience and relevance, we step confidently into FY'22. said, C Vijayakumar, President & CEO, HCL Technologies Ltd.

FY'21 has been an unprecedented year by all yardsticks.In this pandemic year, HCL was able to support clients not only to run their businesses, but also to digitize & modernize their Applications & Operations. In doing so, we delivered 2.4% growth in US $ and EBIT at 21.4% (ex milestone bonus), expanding 180 bps on YoY basis. The best part of the year was the strong Operating Cash Flow generation at US $ 2,602 Mn, Up 49% YoY and Free Cash Flow generation at US $ 2,340 Mn, Up 58% YoY. Our Board has declared a Special Interim Dividend of Rs. 10 / - per share as a milestone to mark the Company crossing the $10 B milestone, apart from the usual quarter dividend. During the quarter, we successfully approached the international bond markets and issued Bonds of US $ 500 Mn at an attractive interest rate, backed by our "A-" rating from S&P and Fitch.", said Prateek Aggarwal, CFO, HCL Technologies Ltd.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.955.8 as compared to the previous close of Rs. 961.15. The total number of shares traded during the day was 194859 in over 6726 trades.

The stock hit an intraday high of Rs. 974.55 and intraday low of 950.15. The net turnover during the day was Rs. 187636677.

Source : Equity Bulls

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