HCL Technologies : Date of payment of dividend

	January 14, 2022
The General Manager	The Manager
BSE Limited	National Stock Exchange of India Limited
Corporate Relationship Department	Listing Department
Phiroze Jeejeebhoy Towers	Exchange Plaza
Dalal Street	5th Floor, Plot No. C-1,Block-G
Mumbai- 400 001	Bandra-Kurla Complex, Bandra(E)
	Mumbai-400 051
BSE Scrip Code: 532281	NSE Scrip Code: HCLTECH

Sub.: Board meeting - Unaudited Financial Results for the quarter and nine months ended December 31, 2021

Dear Sir,

The Board of Directors has today approved the Unaudited (Consolidated & Standalone) Financial results of the Company for the quarter and nine months ended December 31, 2021. The Financial Results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed at Annexure- A.
The Limited Review Reports of the Statutory Auditors on the aforesaid Consolidated & Standalone Financial results of the Company are enclosed at Annexure- B.
The Board of Directors has declared an Interim Dividend of Rs. 10/- per equity share of Rs.2/- each of the Company for the Financial Year 2021-22.
The Record date of January 22, 2022 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be February 4, 2022.
An Investor Release dated January 14, 2022 on the financial results is enclosed at Annexure- C.

Thanking you,

For HCL Technologies Limited

Manish Anand

Company Secretary

Encl: a/a

HCL TECHNOLOGIES LIMITED

Corporate Identity Number : L74140DL1991PLC046369

Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019

Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India

Website: www.hcltech.com; Telephone: +91 11 26436336

Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS:

							(` in crores)
		Three months ended	Nine months ended	Previous year
		ended

	Particulars	31 December	30 September	31 December	31 December	31 December	31 March
		2021	2021	2020	2021	2020	2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)

I	Revenue	22,331	20,655	19,302	63,054	55,738	75,379
	Revenue from operations
	Other income	255	240	189	750	683	927
	Total income	22,586	20,895	19,491	63,804	56,421	76,306
II	Expenses	428	273	556	1,025	1,364	1,698
	Purchase of stock-in-trade
	Changes in inventories of stock-in-trade	(18)	17	(47)	(26)	(62)	(3)
	Employee benefits expense	11,802	11,017	9,447	33,527	27,982	38,853
	Finance costs	82	83	147	254	352	511
	Depreciation, amortization and impairment expense	1,136	1,078	1,187	3,342	3,344	4,611
	Outsourcing costs	3,338	3,081	2,616	9,305	7,514	10,158
	Other expenses	1,388	1,245	1,106	3,746	3,441	4,625
	Total expenses	18,156	16,794	15,012	51,173	43,935	60,453
III	Profit before tax	4,430	4,101	4,479	12,631	12,486	15,853
IV	Tax expense	988	827	930	2,724	2,550	3,719
	Current tax
	Deferred tax charge/(credit)	(6)	11	(428)	(17)	(122)	965
	Total tax expense	982	838	502	2,707	2,428	4,684
V	Profit for the period / year	3,448	3,263	3,977	9,924	10,058	11,169
VI	Other comprehensive income (loss)	-
(A)	(i) Items that will not be reclassified to statement of profit and loss	3	-	3	(6)	33
	(ii) Income tax on items that will not be reclassified to statement of profit	-	1	5	1	6	(10)
	and loss
(B)	(i) Items that will be reclassified subsequently to statement of profit and	115	(133)	427	441	870	913
	loss
	(ii) Income tax on items that will be reclassified to statement of profit and	57	(80)	(32)	(1)	(110)	(178)
	loss
	Total other comprehensive income (loss)	172	(209)	400	444	760	758
VII	Total comprehensive income for the period / year	3,620	3,054	4,377	10,368	10,818	11,927
	Profit for the period / year attributable to
	Shareholders of the Company	3,442	3,259	3,969	9,906	10,043	11,145
	Non-controlling interest	6	4	8	18	15	24
		3,448	3,263	3,977	9,924	10,058	11,169
	Other comprehensive income (loss) for the period / year attributable to
	Shareholders of the Company	172	(209)	401	441	763	763
	Non-controlling interest	-	-	(1)	3	(3)	(5)
	Total comprehensive income for the period / year attributable to	172	(209)	400	444	760	758

	Shareholders of the Company	3,614	3,050	4,370	10,347	10,806	11,908
	Non-controlling interest	6	4	7	21	12	19
		3,620	3,054	4,377	10,368	10,818	11,927
	Earnings per equity share of ₹ 2 each
	Basic (in `)	12.69	12.01	14.63	36.51	37.01	41.07
	Diluted (in `)	12.69	12.01	14.63	36.51	37.01	41.07
	Dividend per equity share of ₹ 2 each
	Interim dividend paid (in `)	10	6	4	22	6	10
	Special interim dividend paid (in `)	-	-	-	10	-	-
	Final dividend paid (in `)	-	-	2	-	2	2
	Total dividend paid (in `)	10	6	6	32	8	12

HCL TECHNOLOGIES LIMITED

Corporate Identity Number : L74140DL1991PLC046369

Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019

Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India

Website: www.hcltech.com; Telephone: +91 11 26436336

Segment Information of Consolidated Financial Results as per Ind AS :

						(` in crores)
	Three months ended	Nine months ended	Previous year
	ended

	31 December	30 September	31 December	31 December	31 December	31 March
Particulars	2021	2021	2020	2021	2020	2021
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
			(Refer note "a"		(Refer note "a"	(Refer note "a"
			below )		below )	below )

Segment revenue
IT and Business services	15,775	15,005	13,596	45,150	39,279	53,401
Engineering and R&D services	3,547	3,242	2,931	9,865	8,634	11,546
Products & Platforms	3,014	2,413	2,775	8,054	7,825	10,442
Total	22,336	20,660	19,302	63,069	55,738	75,389
Less : Inter-segment revenue
IT and Business services	-	-	-	-	-	-
Engineering and R&D services	-	-	-	-	-	-
Products & Platforms	(5)	(5)	-	(15)	-	(10)
Total	(5)	(5)	-	(15)	-	(10)
Net revenue of operations from external customers
IT and Business services	15,775	15,005	13,596	45,150	39,279	53,401
Engineering and R&D services	3,547	3,242	2,931	9,865	8,634	11,546
Products & Platforms	3,009	2,408	2,775	8,039	7,825	10,432
Total	22,331	20,655	19,302	63,054	55,738	75,379
Segment results
IT and Business services	2,628	2,849	2,861	8,163	7,836	10,194
Engineering and R&D services	655	620	748	1,893	1,988	2,471
Products & Platforms	974	475	826	2,079	2,332	2,772
Total	4,257	3,944	4,435	12,135	12,156	15,437
Add (less) :
Finance cost	(82)	(83)	(147)	(254)	(352)	(511)
Exchange differences (net)	73	79	2	193	(1)	46
Other income	182	161	189	557	683	881
Profit before tax	4,430	4,101	4,479	12,631	12,486	15,853
Less : Tax expense	(982)	(838)	(502)	(2,707)	(2,428)	(4,684)
Profit for the period / year	3,448	3,263	3,977	9,924	10,058	11,169

Notes :

a. Segment reclass

Effective 1 April 2021, the Group has changed the segment classification for certain products business which were earlier reported as part of Engineering and R&D Services to Products & Platforms segment. Impact of this change is immaterial for operating results of both the segments. Prior period figures have also been restated to conform to current period composition of the operating segments.

b. Segmental capital employed

Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities.

HCL TECHNOLOGIES LIMITED

Corporate Identity Number : L74140DL1991PLC046369

Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019

Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India

Website: www.hcltech.com; Telephone: +91 11 26436336

Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS:

							(` in crores)
		Three months ended	Nine months ended	Previous year
		ended

	Particulars	31 December	30 September	31 December	31 December	31 December	31 March
		2021	2021	2020	2021	2020	2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)

I	Revenue		9,786	9,404	30,004	26,424	35,673
	Revenue from operations	10,662
	Other income	187	177	218	625	715	965
	Total income	10,849	9,963	9,622	30,629	27,139	36,638
II	Expenses		34	60	122	125	142
	Purchase of stock-in-trade	59
	Changes in inventories of stock-in-trade	(7)	6	1	(14)	(10)	(3)
	Employee benefits expense	4,200	3,751	2,886	11,391	8,371	11,749
	Finance costs	28	25	64	83	157	177
	Depreciation, amortization and impairment expense	728	644	719	2,032	2,029	2,813
	Outsourcing costs	1,873	1,822	1,802	5,574	5,213	7,515
	Other expenses	637	529	448	1,645	1,303	1,835
	Total expenses	7,518	6,811	5,980	20,833	17,188	24,228
III	Profit before tax	3,331	3,152	3,642	9,796	9,951	12,410
IV	Tax expense		568	657	1,865	1,723	2,480
	Current tax	659
	Deferred tax charge/ (credit)	35	22	(412)	60	(59)	1,187
	Total tax expense	694	590	245	1,925	1,664	3,667
V	Profit for the period / year	2,637	2,562	3,397	7,871	8,287	8,743
VI	Other comprehensive income (loss)
(A)	(i) Items that will not be reclassified to statement of profit and loss	-	2	-	2	(6)	43
	(ii) Income tax on items that will not be reclassified to statement of	-	-	5	-	6	(11)
	profit and loss
(B)	(i) Items that will be reclassified subsequently to statement of	150	210	71	316	523	652
	profit and loss
	(ii) Income tax on items that will be reclassified to statement of	56	(79)	(30)	(1)	(107)	(164)
	profit and loss
	Total other comprehensive income	206	133	46	317	416	520
VII	Total comprehensive income for the period / year
2,843	2,695	3,443	8,188	8,703	9,263
	Earnings per equity share of ₹ 2 each
	Basic (in `)	9.72	9.44	12.52	29.01	30.54	32.22
	Diluted (in `)	9.72	9.44	12.52	29.01	30.54	32.22
	Dividend per equity share of ₹ 2 each						-
						-
	Interim dividend paid (in `)	10	6	4	22	6	10
	Special interim dividend paid (in `)	-	-	-	10	-	-
	Final dividend paid (in `)	-	-	2	-	2	2
	Total dividend paid (in `)	10	6	6	32	8	12

HCL TECHNOLOGIES LIMITED

Corporate Identity Number : L74140DL1991PLC046369

Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019

Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India

Website: www.hcltech.com; Telephone: +91 11 26436336

Notes :

The consolidated and the standalone financial results for the three and nine months ended 31 December 2021 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 14 January 2022. The statutory auditors have issued unmodified review report on these results.
The Board of Directors have declared an interim dividend of ` 10 /- per share at its meeting held on 14 January 2022 .
Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
In November 2021, the Company instituted the Restricted Stock Unit Plan 2021 to provide equity-based incentives to all eligible employees of the Company and its subsidiaries. The Plan is administered by the Nomination and Remuneration Committee (NRC) of the Company through a controlled Trust. A maximum of 11,100,000 restricted stock units (RSU) may be granted under the Plan. Each RSU granted under the plan entitles the holder to one equity share of the Company at an exercise price, which is approved by the Nomination and Remuneration Committee.
On 20 December 2021, NRC has granted 7,970,783 RSUs to the eligible employees of the Company and its subsidiaries under the Plan. Subsequent to this grant, on 24 December 2021, the Trust acquired 5,500,000 shares from secondary market for the purpose of implementation of the Plan.
Employee benefit expenses for the year ended 31 March 2021 for the Company and the Group includes ` 243 crores and ` 728 crores respectively, being the one-time special bonus paid to employees in recognition of achieving the $10 Billion revenue mark in year ended 31 March 2021.
Tax expense for the three and nine months period ended 31 December 2020 is lower primarily due to reversal of reserve for uncertain tax position set up in prior years and reduction in tax liability attributable to change in the method of calculating a tax deduction under stipulated provisions of tax laws, basis evaluation of recent judicial rulings.
Deferred tax expense for the year ended 31 March 2021 includes ` 1,222 crores being the Deferred Tax Liabilities created by the Company on difference between book basis and tax basis of goodwill taken out of purview of tax depreciation w.e.f. 1 April 2020 by Finance Bill enacted in March 2021.
As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results.

By the order of the Board of Directors for HCL Technologies Limited

ROSHNI	Digitally signed by	VIJAYAKUMA	Digitally signed	PRATEEK
ROSHNI NADAR	R	by VIJAYAKUMAR	AGGARW
NADAR	CHINNASWAMY
MALHOTRA	CHINNASWA
	Date: 2022.01.14	Date: 2022.01.14	AL
MALHOTRA 17:42:27 +05'30'	MY	07:27:14 -05'00'

Digitally signed by PRATEEK AGGARWAL Date: 2022.01.14 17:45:26 +05'30'

Roshni Nadar Malhotra	C. Vijayakumar	Prateek Aggarwal
Chairperson	Chief Executive Officer and	Chief Financial Officer
	Managing Director
Noida (UP), India
14 January 2022

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HCL TECHNOLOGIES LIMITED

HCL Technologies : Date of payment of dividend

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