HCL Technologies tumbled 3.98% to Rs 956.90 at 10:05 IST on BSE with the stock sliding on profit booking after consolidated net profit rose 5.9% to Rs 1783 crore on 5.5% growth in revenue to Rs 9777 crore in Q4 June 2015 over Q3 March 2015.
The Q4 result was announced before market hours today, 3 August 2015. The results are as per US GAAP.
Meanwhile, the S&P BSE Sensex was up 78.60 points or 0.28% at 28,193.16.
On BSE, so far 61,000 shares were traded in the counter as against average daily volume of 1.47 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 5.24% at the day's low of Rs 944.35 so far during the day. The stock fell 3.35% at the day's high of Rs 963.15 so far during the day. The stock hit a high of Rs and a low of Rs so far during the day. The stock had hit a record high of Rs 1,058.20 on 11 March 2015. The stock had hit a 52-week low of Rs 725.18 on 15 December 2014.
The stock had outperformed the market over the past one month till 31 July 2015, advancing 8.2% compared with Sensex's 1.2% rise. The scrip had also outperformed the market in past one quarter, surging 13.31% as against Sensex's 4.08% rise.
The large-cap company has equity capital of Rs 281.20 crore. Face value per share is Rs 2.
Shares of HCL Technologies witnessed a pre-result rally. The stock surged 8% in previous three trading sessions to settle at Rs 996.60 on Friday, 31 July 2015, from a recent low of Rs 922.80 on 28 July 2015.
HCL Technologies' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 0.4% to Rs 2100 crore in Q4 June 2015 over Q3 March 2015. EBITDA margin dropped to 21.5% in Q4 June 2015 from 22.6% in Q3 March 2015.
In dollar terms, HCL Technologies' consolidated net profit rose 3.1% to $279 million on 3.2% growth in revenue to $1.538 billion in Q4 June 2015 over Q3 March 2015. Revenue in constant currency rose 2.9% quarter-on-quarter (QoQ) in Q4 June 2015.
Commenting on the company's financial performance, Anant Gupta, President & CEO of HCL Technologies said that the company has yet again posted a broad-based performance for the financial year led by a robust revenue growth of 15.1% LTM YoY and 2.9% sequentially in constant currency. All of the company's verticals posted strong double-digit performance in FY 2015 and industry leading growth in US and Europe with 14% and 18.7% LTM YoY constant currency growth respectively, Gupta said in a statement.
Gupta further said that FY 2015 also saw HCL Technologies signing 58 transformational engagements with more than $5 billion of total contract value and emerging as the top placed Indian Origin Provider in the first competitive report by an industry analyst on Digitalization.
Anil Chanana, CFO of HCL Technologies said that the company has closed the financial year with all round performance reflected in revenue milestones achieved in key businesses like Infrastructure, Engineering and Financial Services, impressive movement in customer addition across the categories, efficient working capital management including DSO and healthy net income to operating cash conversion at 84%. The continuing focus on investments in line with changing technology landscape impacted the margin metrics for the quarter, Chanana added.
HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.
Powered by Capital Market - Live News
