HCL Tech's Q4 net drops 4% YoY to Rs 2,227 crore, guides for 10.5-12.5% dollar revenue growth

NEW DELHI: HCL Technologies on Wednesday reported a 4.3 per cent YoY drop in consolidated net profit at Rs 2,227 crore for March quarter, which was largely in line with a Rs 2,248.60 crore estimate that analysts had projected in an ETNow poll.

The IT firm had reported a net profit of Rs 2,325 crore in the corresponding quarter last year as per US GAAP standards. On sequential basis, the firm reported 1.5 per cent growth in profit. Ebitda margin for the quarter rose 100 bps YoY to 35 per cent in March quarter from 33.7 per cent in the year-ago quarter.

Consolidated net profit fell 9.9 per cent on YoY basis as per Indian accounting standards.


Consolidated net sales for the IT firm rose 9.3 per cent YoY to Rs 13,179 crore for the fourth quarter compared with Rs 12,053 crore in the same quarter last year.

In dollar terms, revenue rose 2.5 per cent QoQ. In constant currency terms, it rose 1.2 per cent on sequential basis.

The IT firm has guided for 9.5 per cent to 11.5 per cent growth in FY19 revenues in constant currency terms. The constant currency guidance translates to 10.5 per cent to 12.5 per cent revenue growth in sdollar terms.

EBIT margin is expected to stay in 19.5-20.5 per cent range, the firm said.