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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HCL Technologies Limited    HCLTECH   INE860A01027

HCL TECHNOLOGIES LIMITED

(HCLTECH)
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HCL Technologies : Second-Quarter Net Profit Rose 19% -- Earnings Review

10/16/2020 | 05:18am EST

By Kosaku Narioka

HCL Technologies Ltd. reported its second-quarter results on Friday. Here is what you need to know.

NET PROFIT: HCL posted a 19% rise in net profit from a year earlier to 31.42 billion rupees ($427.9 million) for the quarter ended Sept. 30, beating the estimate of INR30.19 billion from a FactSet poll of analysts.

REVENUE: HCL's second-quarter revenue increased 6.1% to INR185.94 billion, exceeding the poll's expectation for INR183.95 billion.

WHAT WE WATCHED:

--BY SECTOR: Some businesses fared better than others, leading to solid earnings overall. Revenue rose 13% on year for the technology-and-services sector in constant currency terms and 9.2% for the life-sciences-and-health-care industry. Meanwhile, revenue fell 12% for the manufacturing sector, 8.8% for the telecommunication-and-media segment and 2.5% for the financial-services industry.

--OUTLOOK: HCL expected revenue to grow an average of 1.5% to 2.5% on quarter in constant currency terms for its third and fourth quarters. It expected earnings before interest and taxes margin to be between 20.0% and 21.0% in this fiscal year, compared with 21.6% in its second quarter.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-16-20 0517ET

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Financials
Sales 2021 756 B 10 360 M 10 360 M
Net income 2021 135 B 1 846 M 1 846 M
Net cash 2021 153 B 2 095 M 2 095 M
P/E ratio 2021 19,9x
Yield 2021 1,51%
Capitalization 2 675 B 36 653 M 36 657 M
EV / Sales 2021 3,34x
EV / Sales 2022 2,89x
Nbr of Employees 150 423
Free-Float 39,5%
Chart HCL TECHNOLOGIES LIMITED
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HCL Technologies Limited Technical Analysis Chart | HCLTECH | INE860A01027 | MarketScreener
Technical analysis trends HCL TECHNOLOGIES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 37
Average target price 1 133,59 INR
Last Close Price 985,80 INR
Spread / Highest target 63,9%
Spread / Average Target 15,0%
Spread / Lowest Target -23,9%
EPS Revisions
Managers and Directors
NameTitle
C. Vijayakumar President & Chief Executive Officer
Roshni Nadar Malhotra Chairman
Prateek Solek Aggarwal Chief Financial Officer
Hanumantha Rao Gade President-Engineering, R&D Services
Kalyan B. Kumar Chief Technology Officer & Corporate VP
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