HCL Technologies has posted full-year revenues of ₹60,427 crore, a 19.5% year-on-year growth and net profit of ₹10,123 crore, a 15.3% year-on-year growth, during the fiscal ended March 31.
During the fourth quarter, revenues increased to ₹15,990 crore, a 1.9% and 21.3% increase QoQ (quarter-on-quarter) and YoY (year-on-year) respectively. Net income for the quarter stood at ₹2,568 crore, down 1.7% QoQ and up 15.3% YoY.
Shiv Nadar, chairman and chief strategy officer, HCL, said, “Disruptions in the global business environment and technology landscape are shaping the world at large.
“We have always aimed to innovate to embrace changes happening today. Our three core beliefs — sustainability, diversity and inclusion — inspire us to create peerless socio-economic value for our stakeholders.''
Operating margin dips
Operating margin dipped to 18.9% in the March quarter, down from 19.6% in the December quarter.
“We have delivered an overall solid FY19 performance. EBIT margin for the year at 19.5% is within the guided range. This financial year, we achieved significant milestones. Our EBIDA was ₹14,000 crore and our EPS for FY19 at 73.6 has posted a strong 17.5%, YoY growth over the previous year.
“Cash EPS stands at robust 84.9 (up 15.2% YoY). We have returned 52.6% of our net income in the form of dividends and buyback to the investors,” said CFO Prateek Aggarwal.
HCL Tech expects its fiscal 2020 revenues to grow in the 14%-16% range in constant currency terms.
Strong growth
C. Vijayakumar, president and CEO, HCL Technologies said, “HCLites have delivered a truly blockbuster performance with a double-digit constant currency revenue growth of 11.8%, that outperformed the high-end of our guidance.
“With 28.7% YoY growth in constant currency, our new Mode-2 services delivered their strongest growth. We once again, for the third time this year, set a new bookings’ record.