HCL Technologies rose 0.46% to Rs 910 at 9:21 IST on BSE after consolidated net profit as per US accounting standards rose 16.3% to Rs 1209.60 crore on 8.1% growth in revenue to Rs 6944.20 crore in Q4 June 2013 over Q3 March 2013.
The company announced the result before trading hours today, 30 July 2013.
Meanwhile, the S&P BSE Sensex was down 135.94 points, or 0.70%, to 19,212.40.
On BSE, 61,000 shares were traded in the counter as against an average daily volume of 60,180 shares in the past one quarter.
The stock was volatile in the initial trade. The stock fell 7.49% at the day's low of Rs 838. It soon recovered to rise as much as 1.62% at the day's high of Rs 920.55, which is also a record high for the counter. The stock had hit a 52-week low of Rs 511 on 31 July 2012.
The stock had outperformed the market over the past one month till 30 July 2013, rising 16.72% compared with the Sensex's 0.24% fall. The scrip had also outperformed the market in past one quarter, rising 25.63% as against Sensex's 0.80% fall.
The large-cap IT company has an equity capital of Rs 139.37 crore. Face value per share is Rs 2.
HCL Technologies' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 13.2% to Rs 1628.80 crore in Q4 June 2013 over Q3 March 2013. EBITDA margin edged up to 23.5% in Q4 June 2014, from 22.4% in Q3 March 2013.
The company said that the return on equity (ROE) at 34% in the year ended 30 June 2013 (FY 2013) was the highest in the past five years.
Commenting on the company's performance for Q4 June 2014 and FY 2013, Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies, said: "FY 2013 results have demonstrated significant business momentum, non-linearity and record customer satisfaction. HCL continues to excel in agility and innovation with a Business Model that is resilient in a dynamic environment".
Anant Gupta, President & CEO, HCL Technologies, said: "An exceptional growth of 22% during the Financial Year has propelled HCL's revenue past the Rs 25000 crore milestone. HCL continues to lead the industry in profitable growth, with seven successive quarters of net income margin expansion, having reported 62% growth in net income this year. We have consolidated our leadership position in the Infrastructure Management Services and verticals like Financial Service and Lifesciences & Healthcare".
Anil Chanana, CFO, HCL Technologies, said: "Backed by another strong quarter, we closed our Financial Year on a positive note. Our net income margin expanded by 400 bps and touched a five year high of 16%. Our Return on Equity for the year has been 34% which is amongst the best in the industry. EBITDA to Free Cash Flow conversion has been at a healthy 68%".
Meanwhile, HCL Technologies said its board has appointed Roshni Nadar Malhotra as the additional director of the company with effect from 29 July 2013.
HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. HCL offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and business services.
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