HCL Technologies Q2 results Revenue Growth of ₹2,190 Crores YoY

HCL Technologies Q2 results

HCL Technologies Q2 results: HCL Technologies has shared its financial results for the three and six months ending on September 30, 2024. The company earned a total of ₹28,862 crores from its operations in the latest quarter, which is an increase compared to ₹26,672 crores from the same period last year. When adding other income, such as investments and interest, the total income reached ₹29,318 crores. The company had various expenses, including costs for employee salaries, which were ₹16,523 crores, and outsourcing costs of ₹3,748 crores. Overall, the total expenses for this quarter were ₹23,631 crores, leaving a profit before tax of ₹5,687 crores. After accounting for taxes, the company’s profit for the period was ₹4,237 crores, showing an increase from ₹3,833 crores in the same quarter last year.

HCL Technologies’ other comprehensive income, which includes certain gains or losses not included in the profit and loss statement, HCL Technologies reported a total of ₹556 crores. This led to a total comprehensive income of ₹4,793 crores. Earnings per share, an important measure for investors, also rose, showing a positive trend in profitability. The company paid a dividend of ₹12 per share, indicating it is sharing its profits with shareholders.

Here's a simplified summary of HCL Technologies' consolidated statement of financial results for the periods ended September 30, 2024, and previous periods:

Source: Here 

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HCL Technologies Financial Performance

HCL Technologies is a major Indian IT services company. Its market capitalization is ₹5,05,583 crore, showing its overall value in the stock market. The current stock price is ₹1,863, meaning this is how much one share costs now. The stock reached a high of ₹1,893 and a low of ₹1,212 over a certain period. The Price-to-Earnings (P/E) ratio is 30.1, indicating how much investors are willing to pay for each unit of earnings. The book value of ₹254 shows the company's net asset value per share. It offers a dividend yield of 2.81%, rewarding shareholders.

Here's a summary of the provided market data in a clear table format:

Quarterly Results 

In March 2024, HCL Technologies reported sales of Rs. 28,499 crores, with a year-over-year growth of 7.11%. Their expenses were Rs. 22,382 crores, leading to an operating profit of Rs. 6,117 crores and an operating profit margin (OPM) of 21%. By June 2024, sales decreased slightly to Rs. 28,057 crores, but the company continued to maintain the same OPM of 21%. Operating profit dropped to Rs. 5,793 crores. 

Here's the data for March 2024, June 2024, and September 2024:

About HCL Technologies 

HCL Technologies, also known as HCLTech, is an Indian global company that provides information technology (IT) services and consulting. It was founded on August 11, 1976, by Shiv Nadar and is headquartered in Noida, Uttar Pradesh, India. HCLTech started as a hardware company but shifted its focus to software and IT services in the 1990s. The company became a separate entity in 1991, allowing it to specialize in software and technology services.

Today, HCLTech operates in over 60 countries and employs more than 227,000 people. It offers various services, including software development, consulting, and IT infrastructure management. HCLTech is known for its innovative products like HCL Notes and HCL BigFix. With significant revenue and a strong presence in global markets, HCL Technologies is a key player in the IT industry, helping businesses improve their operations through technology and digital solutions.