On a consolidated basis as per US GAAP, HCL Technologies' net profit rose 13% to Rs 1834 crore on 0.9% increase in revenue to Rs 8424 crore in Q4 June 2014 over Q3 March 2014.
EBITDA (earnings before interest, taxes, depreciation and amortization) fell 0.7% to Rs 2216 crore in revenue to Rs 8424 crore in Q4 June 2014 over Q3 March 2014.
"HCL continues to demonstrate its ability to navigate the dynamic economic environment and grow profitably by delivering relevant and unique service experience to its customers fueled by the 'Relationships Beyond the Contract' philosophy. We will continue to build on this ability to deliver differentiated value to clients and stakeholders," said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
"With a year-on-year increase of 28% in revenues and 58% rise in net income HCL has posted a robust Financial Year performance which emphatically demonstrates the continued success and relevance of our overall strategy. In FY14, the company crossed the US$ 5bn Revenue milestone and further evolved the key building blocks to deliver next generation propositions to our customers. Backed by this solid performance, we remain confident in our ability to continue delivering industry leading growth at HCL," said Anant Gupta, CEO, HCL Technologies.
"The superior operating performance has been accompanied by efficient working capital management including DSO, high conversion of profits into cash and return on equity at historic high of 36%. Based on the sustained efforts, HCL has delivered another stellar year of EPS growth of 58% in FY'14. We have declared a dividend of 12 per share making this quarter the 46th consecutive quarter of dividend declaration," said Anil Chanana, CFO, HCL Technologies.
ICICI Bank, Maruti Suzuki India, NTPC, Bharat Electronics, Castrol India, DLF, Syndicate Bank and Tech Mahindra will announce their April-June 2014 results on Thursday, 31 July 2014.
More From This Section
Sun Pharmaceutical Industries will seek shareholders nod for its $4 billion acquisition of Ranbaxy Laboratories in a court convened meeting on 22 August 2014. In a filing to the BSE, the company said the meeting would be held at Vadodara on 22 August 2014.
The company said the Gujarat High Court had issued an order on 16 July 2014, directing the company to hold a meeting of its equity shareholders to consider and approve the scheme of arrangement between Sun Pharma and Ranbaxy.
On a consolidated basis, IRB Infrastructure Developers' net profit rose 11.76% to Rs 150.39 crore on 2.37% decline in total income to Rs 1036.71 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Wednesday, 30 July 2014.
EBITDA (earnings before interest, taxes, depreciation and amortization) rose 22% to Rs 589 crore in Q1 June 2014 over Q1 June 2013.
The company's order book now stands at approximately Rs 11350 crore out of which Rs 9400 crore worth of order book is to executed in the next three to four years. This construction order book gives IRB good visibility for the next three years, the company said in a statement.
Adani Enterprises turns ex-dividend today, 31 July 2014, for dividend of Rs 1.40 per share for the year ended March 2014.
Adani Ports & Special Economic Zone turns ex-dividend today, 31 July 2014, for dividend of Re 1 per share for the year ended March 2014.
Divi's Laboratories turns ex-dividend today, 31 July 2014, for dividend of Rs 20 per share for the year ended March 2014.
Godrej Industries turns ex-dividend today, 31 July 2014, for a final dividend of Rs 1.75 per share for the year ended March 2014.
Hexaware Technologies turns ex-dividend today, 31 July 2014, for an interim dividend of Rs 1.60 per share for the year ending December 2014.
Gulf Oil Lubricants India (GOLIL), the demerged entity of Gulf Oil Corporation (GOCL), will be listed on bourses today, 31 July 2014. GOCL recently demerged its lubricants business to list it as a separate entity, GOLIL, after it had reached a certain level of revenue.
It was so planned that on demerger, the lubricants business would have reached annual turnover of around Rs 1000 crore and will have several business initiatives and a large expansion project in hand to grow the business further, GOCL had said in a statement in January 2014.
Post demerger, shares of GOCL re-listed on the BSE and the NSE on 26 June 2014. Shareholders were allotted one equity share of GOCL and one GOLIL share for every two shares held in Gulf Oil Corporation. According to the deal, the paid-up capital of GOCL was also decreased by reducing the face value of the shares to Rs 1 from Rs 2. Thus, a shareholder holding 100 shares of GOCL of face value Rs 2 each before the demerger, now have 50 shares of Rs 2 each of GOCL and 50 shares of Rs 2 each of GOLIL post-capital reduction.
Powered by Capital Market - Live News