HCL Technologies' consolidated net profit rose 3.8% to Rs 3154 crore on a 2.5% increase in revenue to Rs 18,590 crore in Q4 March 2020 over Q3 December 2019.
Consolidated EBITDA stood at Rs 4,720 crore in Q4 March 2020, rising by 5.6%% quarter on quarter (QoQ) from Rs 4,470 crore reported in Q3 December 2019. EBITDA margin rose to 25.4% in Q4 March 2020 from 24.7% in Q3 December 2019.
HCL Technologies' consolidated net profit soared 9.3% to Rs 11,062 crore on a 17% increase in revenue to Rs 70,678 crore in the year ended March 2020 (FY20) over the the year ended March 2019 (FY19).
Commenting on company's performance, C Vijayakumar, President & CEO, HCL Technologies said, FY20 has been a landmark year, where we witnessed our highest growth in recent years and an industry leading performance for the fourth consecutive year. Our focused Mode 1-2-3 strategy helped deliver an all-round growth across service lines, verticals and geographies and enabled us to deliver at the top end of our revenue guidance and exceed the top-end of our margin guidance for the year. Looking ahead we are confident that our capabilities, our balanced portfolio, strong client relationships and our financial strength will help us navigate this crisis and emerge stronger.
Prateek Aggarwal, CFO, HCL Technologies said, FY20 has been a fantastic year, wherein HCL has grown at 16.7% in constant currency, by far the fastest growing IT company. This includes industry leading 10.7% organic growth and 6.0% added via our thoughtful acquisitions. Our investments in HCL Software have started bearing the desired fruit in last 2 quarters and we are pleased to see the strategy contributing handsomely to the profitability as well as cash generation capacity of the company. During the quarter, the company delivered EBIT of 20.9% and the annual EBIT of 19.6%. Cash conversion ratio is at 112%, measured as Operating Cash Flow (OCF) / Net Income. Cash EPS at Rs. 52.8 for FY'20 has grown strongly by 26.3% YoY.
The company said it has 1411 active clients as of 31 March, which includes 15 clients of $100 million and above. Attrition rate for Q4 March 2020 stood at 16.3% as against 17.7% in the same period last year. HCL added 1,250 employees in Q4 FY20, taking its overall full-time employee headcount to 150,423.
Shares of HCL Technologies rose 2.38% to Rs 531.95 on BSE. The company has declared a final dividend of Rs 2 per equity share for FY 2019-20.
HCL Technologies is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services
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