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HCL Technologies Q4 Results 2024
HCL Technologies Q4 Results 2024 show an 18% revenue increase and a 11% rise in net profit compared to the previous year. They declared a ₹18 per share dividend and signed 14 deals.
by S Samayanka
Updated Apr 26, 2024
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HCL Technologies
HCL Technologies is a big company from India that works with computers and technology. The company was founded in 1976 by Shiv Nadar and a team of engineers. They help other companies with their tech needs, like making software, taking care of computer systems, and giving advice on how to use technology better.
The company employs about 225,944 people and maintains offices in 52 countries. HCLTech is known for its innovation and has a significant number of patents to its name.
HCL Technologies Q4 Results 2024
|
Fiscal Period |
Mar 23 |
Dec 22 |
QoQ Comp |
|
Total Revenue |
26,606.00 |
26,700.00 |
-0.35% |
|
Selling/General/Admin Expenses Total |
14,665.00 |
14,163.00 |
3.54% |
|
Depreciation/ Amortization |
1,027.00 |
1,137.00 |
-9.67% |
|
Other Operating Expenses Total |
1,729.00 |
1,653.00 |
4.60% |
|
Total Operating Expense |
21,770.00 |
21,472.00 |
1.39% |
|
Operating Income |
4,836.00 |
5,228.00 |
-7.50% |
|
Net Income Before Taxes |
5,195.00 |
5,372.00 |
-3.29% |
|
Net Income |
3,983.00 |
4,096.00 |
-2.76% |
|
Diluted Normalized EPS |
14.69 |
15.11 |
-2.81% |
|
Exchange |
Index |
Change |
Percentage Change |
|
BSE |
152,319.35 |
+1,523.19 |
+1.29% |
|
NSE |
152,722.85 |
+1,527.22 |
+1.52% |
HCL Technologies Q3 Results Highlights
- Revenue Highlights:
|
Metric |
Q3 FY24 |
|
INR Revenue |
₹ 28,446 Crore |
|
Constant Currency (CC) Revenue |
Up 6.0% QoQ, Up 4.3% YoY |
|
USD Revenue |
US$ 3,415 M |
|
Services CC Revenue |
Up 3.1% QoQ, Up 4.2% YoY |
|
Digital CC Revenue |
Up 5.0% YoY |
|
HCL Software CC Revenue |
Up 5.0% YoY |
|
HCLSoftware ARR |
US$ 1.06 Bn+ |
- Profitability and Return Metrics:
|
Metric |
Q3 FY24 |
|
EBIT |
₹ 5,615 Crore |
|
Net Income |
₹ 4,350 Crore |
|
ROIC (on an LTM basis) company |
32.8% |
|
ROIC (on LTM basis) Services |
40.1% |
|
OCF |
US$ 2,697 Mn |
|
FCF |
US$ 2,566 Mn |
|
Dividend |
₹ 12/- per share |
HCL Technologies Q4 Results 2024 Highlights
These results showcase HCL Technologies performance despite the challenges faced by the global economic environment. The company’s strategic client additions and deal signings indicate a strong foundation for future growth.
Net Profit:
The company reported a consolidated net profit of ₹3,983 crore, marking an 11% increase year-on-year.
Revenue:
There was an 18% rise in revenue from operations, which amounted to ₹26,606 crore.
Dividend:
The Board of Directors declared an interim dividend of ₹18 per equity share for the financial year 2023–24.
Clients:
HCL Technologies added 91 new clients, including additions across various revenue brackets.
Deals:
The company signed 14 transformational deals during the quarter, with key contributions from sectors like telecom, high-tech, retail, CPG, manufacturing, and financial services.
Performance:
The company saw the maximum impact on earnings from COVID-19 in the current quarter but is optimistic about a recovery.
Due to uncertainty, HCL Technologies did not provide revenue guidance, although it expects a turnaround in earnings in the second half of the fiscal year.
Net Profit of HCL Technologies in Last Quarters
|
Particulars |
Dec '23 |
Sep '23 |
Jun '23 |
Mar '23 |
Dec '22 |
|
Net Sales/Income from operations |
12,531.00 |
12,059.00 |
11,451.00 |
11,637.00 |
12,398.00 |
|
Other Operating Income |
-- |
-- |
-- |
-- |
-- |
|
Total Income From Operations |
12,531.00 |
12,059.00 |
11,451.00 |
11,637.00 |
12,398.00 |
|
Purchase of Traded Goods |
26.00 |
30.00 |
30.00 |
25.00 |
83.00 |
|
Increase/Decrease in Stocks |
-11.00 |
8.00 |
7.00 |
3.00 |
-7.00 |
|
Power & Fuel |
-- |
-- |
-- |
-- |
-- |
|
Employees Cost |
5,173.00 |
5,305.00 |
5,185.00 |
5,139.00 |
5,100.00 |
|
Depreciation |
678.00 |
583.00 |
506.00 |
599.00 |
686.00 |
|
Other Expenses |
2,506.00 |
2,402.00 |
2,547.00 |
2,503.00 |
2,666.00 |
|
P/L Before Other Inc., Int., Excpt. Items & Tax |
4,159.00 |
3,731.00 |
3,176.00 |
3,368.00 |
3,870.00 |
|
Other Income |
261.00 |
252.00 |
262.00 |
225.00 |
288.00 |
|
P/L Before Int., Excpt. Items & Tax |
4,420.00 |
3,983.00 |
3,438.00 |
3,593.00 |
4,158.00 |
|
Interest |
29.00 |
33.00 |
29.00 |
34.00 |
33.00 |
|
P/L Before Exceptional Items & Tax |
4,391.00 |
3,950.00 |
3,409.00 |
3,559.00 |
4,125.00 |
|
P/L Before Tax |
4,391.00 |
3,950.00 |
3,409.00 |
3,559.00 |
4,125.00 |
|
Tax |
1,042.00 |
984.00 |
813.00 |
715.00 |
929.00 |
|
P/L After Tax from Ordinary Activities |
3,349.00 |
2,966.00 |
2,596.00 |
2,844.00 |
3,196.00 |
|
Net Profit/(Loss) For the Period |
3,349.00 |
2,966.00 |
2,596.00 |
2,844.00 |
3,196.00 |
|
Equity Share Capital |
543.00 |
543.00 |
543.00 |
543.00 |
543.00 |
|
Basic EPS |
12.37 |
10.95 |
9.59 |
10.50 |
11.80 |
|
Diluted EPS |
12.34 |
10.93 |
9.57 |
10.49 |
11.79 |
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HCL Technologies Q4 Results 2024 - FAQs
1. What is HCL Technologies?
HCL Technologies is a big company from India that works with computers and technology.
2. Who founded HCL Technologies?
HCL Technologies was founded in 1976 by Shiv Nadar and a team of engineers.
3. What was the declared dividend by HCL Technologies for FY 2023–24?
The Board of Directors declared an interim dividend of ₹18 per equity share.
4. How many new clients did HCL Technologies add during the quarter?
HCL Technologies added 91 new clients.
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