HCL Technologies Ltd posts consolidated PAT of Rs. 3259 crores in Q2FY22

The Board of Directors of HCL Technologies Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 20895 crore, against ₹18793 crore in the corresponding quarter of the previous year (YoY) and ₹20323 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹3259 crore, against ₹3143 crore in the corresponding quarter of the previous year (YoY) and ₹3205 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹12.01, against ₹11.58 in the corresponding quarter of the previous year (YoY) and ₹11.81 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 20895 crs	₹20323 crs	2.81%	₹18793 crs	11.19%
Net Profit	₹3259 crs	₹3205 crs	1.68%	₹3143 crs	3.69 %
EPS	₹12.01	₹11.81	1.69%	₹11.58	3.71%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹41218 crore, against ₹36930 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹6464 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹6074 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹23.82 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹22.38 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹41218 crs	₹36930 crs	11.61%
Net Profit	₹6464 crs	₹6074 crs	6.42%
EPS	₹23.82	₹22.38	6.43%

"As we look forward with hope and optimism, what stands out is the human capacity to overcome unforeseen challenges, born of sheer determination. The pandemic accelerated the need for building together a sustainable and scalable future and investing in purpose-driven growth. The lessons learned have sharpened our ability to adapt and to innovate and deepened our commitment to bringing positive change through technology. We believe in 'The New Essential' - the confluence of technology and human ingenuity - as the path forward. In the months ahead, we will further accelerate our actions and investments in emerging technologies, people and ESG to build a stronger and better future together," said Roshni Nadar Malhotra, Chairperson, HCL Technologies Ltd.

"We have delivered a healthy performance this quarter marked by strong growth across our services portfolio led by our Digital Business, Engineering and Cloud Services. We had impressive client additions across all categories, reflecting strong demand and relevance of our offerings across all our client groups. We signed 14 large new deals which helped us to record net new booking of $2.3 B, a growth of 38% YoY. Our net employee addition hit an alltime high of 11,135 this quarter. Our robust pipeline and continued strong employee ramp up augurs well for our business momentum going forward.", said C Vijayakumar, Chief Executive Officer & Managing Director, HCL Technologies Ltd.

"Services Revenue (ITBS & ERS) grew strongly at 5.2% QoQ in constant currency, with stable EBIT. P&P growth was impacted due to delays in closure of certain deals. Client mining has been healthy across all categories, notably, the number of USD 50 Mn clients now stand at 41 (Up 12 YoY). Strong Cash generation and conversion continued this quarter. Gross Cash stands at robust USD 2,696 Mn with OCF/NI and FCF/NI conversion at 117% and 103% respectively on Last-Twelve-Month basis. The Board approved a Payout policy that entails investor payouts of not less than 75% of Net Income cumulatively over 5 years FY 22 to FY 26.", said Prateek Aggarwal, Chief Financial Officer, HCL Technologies Ltd.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1250.90 as compared to the previous close of Rs. 1265.70. The total number of shares traded during the day was 473122 in over 27010 trades.

The stock hit an intraday high of Rs. 1293.00 and intraday low of 1244.35. The net turnover during the day was Rs. 595406956.00.

Source : Equity Bulls

Keywords

HCLTechnologies Q2FY22 H1FY22 ResultUpdate