HCL Technologies Q1 Results Operating Profit Rises to ₹4,795 Crores

HCL Technologies Growth Comparison

HCL Technologies Q1 Results: HCL Technologies reported important financial results in the first quarter of the fiscal year. The Total Revenue for June 2024 was ₹28,057.00 Cr., showing a YoY increase of 6.70% compared to ₹26,296.00 Cr. in June 2023. However, there was a QoQ decrease of 1.55% from ₹26,606.00 Cr. in March 2024. The company's Operating Profit was ₹4,795.00 Cr., which is up by 8.04% YoY from ₹4,438.00 Cr. last year. 

Compared to the previous quarter (QoQ), there was a slight decrease of 4.56% from ₹4,836.00 Cr. The Profit After Tax also showed strong growth, reaching ₹4,257.00 Cr., marking a YoY increase of 20.46% from ₹3,534.00 Cr. in June 2023. This was a positive sign for the company, even though it was a QoQ increase of 6.80% from ₹3,983.00 Cr. last quarter. The Operating Margin stood at 17.09%, which slightly decreased by 1.26% QoQ. Overall, these results demonstrate HCL Technologies' strong performance YoY, reflecting growth despite some fluctuations QoQ.

Here’s a summary of the Q1 results for HCL Technologies, presented in a table format:

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HCL Technologies Q1 Results

HCL Technologies reported its financial results for the three months ending on June 30, 2024. The company reported total income of ₹29,160 million, which is slightly higher than the ₹28,915 million from the previous year. This increase was mainly due to a rise in other income, which jumped from ₹416 million to ₹1,103 million. However, revenue from operations fell slightly from ₹28,499 million to ₹28,057 million.

HCL Technologies spent ₹23,453 million in this quarter, which is lower than the ₹23,646 million from the last year. Notable expenses included employee benefits, which were ₹16,410 million, showing a small increase compared to ₹16,351 million previously. Despite these expenses, the company achieved a profit before tax of ₹5,707 million, an increase from ₹5,269 million last year.

HCL Technologies After accounting for taxes, which amounted to ₹1,448 million, HCL Technologies reported a profit for the period of ₹4,259 million, compared to ₹3,995 million last year. The earnings per share also increased, reaching ₹15.70 from ₹14.72. Additionally, the company declared an interim dividend of ₹18 per share, higher than the previous ₹12. Overall, HCL Technologies showed a strong financial performance in this quarter.

Here's the financial results summary based on the data you provided, formatted in a simple table:

HCL Technologies Stock Metrics

HCL Technologies is a major company in India with a market capitalization of ₹ 4,86,886 Crores, which means it is very valuable in the stock market. The current price of its shares is ₹ 1,794, and the shares have reached a high of ₹ 1,829 and a low of ₹ 1,209 over a certain period. The stock has a price-to-earnings (P/E) ratio of 29.6, indicating investors are willing to pay this amount for every unit of earnings. The book value per share is ₹ 252. HCL Technologies also pays dividends, with a yield of 2.90%.

Here’s a summary of the provided stock information in a simple table format:

Quarterly Results 

In the quarterly results for December 2023, March 2024, and June 2024, we see the company's performance. In December 2023, the sales reached Rs. 28,446 crores, with expenses at Rs. 21,659 crores, resulting in an operating profit of Rs. 6,787 crores and a profit margin of 24%. However, in March 2024, sales slightly increased to Rs. 28,499 crores, but the operating profit dropped to Rs. 6,117 crores. By June 2024, sales decreased to Rs. 28,057 crores, while net profit was Rs. 4,259 crores.

Here’s the data for December 2023, March 2024, and June 2024, presented with particulars:

(Figures in Rs. Crores)

About HCL Technologies

HCL Technologies, also known as HCLTech, is a big Indian company that works in information technology. It was founded on August 11, 1976, by Shiv Nadar and his team. The company is based in Noida, Uttar Pradesh, and has offices in 60 countries around the world. HCLTech started as a personal computer maker but later became known for software services and consulting. It has developed many products like HCL Notes, HCL AppScan, and HCL Commerce.

HCL Technologies has over 227,000 employees and earns about ₹111,408 crore (around $13 billion) in revenue each year. Shiv Nadar owns a significant part of the company, holding 60.77% of its shares. HCLTech focuses on providing high-quality IT services and solutions to help businesses grow and succeed in the digital world. Its commitment to innovation has made it a leader in the IT industry.