NEW DELHI: IT firm
HCL Technologies on Thursday reported a 22.8 per cent year-on-year (
YoY) rise in consolidated net
profit at Rs 3,154 crore compared with Rs 2,568 crore in the same quarter last year.
The profit figure came in higher than Rs 3,025 crore anticipated by analysts in an
ET NOW poll.
On a sequential basis, profit was up 3.8 per cent over Rs 3,037 crore profit the company reported in December quarter.
Revenue for the quarter rose 16.3 per cent YoY to Rs 18,590 crore from Rs 15,990 crore reported in the year-ago quarter. Sales were up 2.5 per cent on a sequential basis over Rs 18,135 crore in the third quarter.
In dollar terms, revenue rose 11.7 per cent YoY to $2,543.40 million from $2,277.80 million. On a sequential basis, dollar sales were flat. Sales growth in constant currency terms rose 13.5 per cent YoY to $2,584.60 million.
The company did not give any revenue or margin guidance.
Ebit margin for the quarter expanded 180 basis points to 20.90 per cent from 19.1 per cent YoY. Sequentially, the margin expanded 70 basis points over 16.8 per cent in December quarter.
HCL Technologies said it signed 14 transformational deals in the fourth quarter. These deals were mainly secured in verticals such as telecom, hi-tech, retail & CPG, manufacturing and financial services.
The company, however, did not disclose the deal amount.
The IT firm said it activated its Covid-19 business continuity plan at the end of January and now has 96 per cent of its employees working from home and another 2.5 per cent of its employees working from HCL or client locations.
Looking ahead, we are confident that our capabilities, our balanced portfolio, strong client relationships and financial strength will help us navigate this crisis and emerge stronger," said President and CEO C Vijayakumar.
HCL said, during the quarter, it had a strong renewal booking momentum. It added 1250 employees during the quarter, taking its total employee headcount to 1,50,423.