The Board of Directors of the Company has declared an Interim Dividend of Rs. 6/- per equity share of Rs.2/- each of the Company for the Year 2015-16.
The net profit for the quarter stands at Rs. 1920 crore.
EBIT Margin stood at 20%.
The Board of Directors of the Company has declared an Interim Dividend of Rs. 6/- per equity share of Rs.2/- each of the Company for the Year 2015-16.
“HCL has always been at the forefront of changing market dynamics. As a company with good corporate governance practices and robust financial performance we continue to create exceptional value, both for businesses as well as communities in which we operate. We are proud to launch HCL Grant – an initiative to empower, enhance and instutionalise the work being done by NGOs in India, by offering them strong governance frameworks and management capabilities”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.
“As part of HCL's 21st Century Enterprise blueprint, our investments and focus on BEYONDigital, Next–Gen ITO and IoT WoRKS is enabling us to stay ahead of the curve and achieve a healthy business growth and financial performance. We have achieved a revenue growth of 13.5% YoY in constant currency terms this calendar year”, said Anant Gupta, President & CEO, HCL Technologies Ltd. “Earlier this quarter, we faced the challenging Chennai situation. Our resilient business models, robust business continuity and disaster recovery practices, coupled with tremendous support from all our clients and employees helped us face the challenge extremely well.”
“Our performance in this quarter continues to reflect the return from the investments we have been making. The return on equity for calendar 2015 at 29% has been amongst the best in the Industry”, said Anil Chanana, CFO, HCL Technologies.
Transformational and blue chip customer acquisition
Continuing its momentum of deal wins, HCL booked business in excess of USD 1 billion in TCV this quarter, including 8 transformational deals. The broad–based business wins, across service lines and industry verticals were driven by our next–generation offerings – Next-Gen ITO, BEYONDigital and IoT WoRKS.
IIFL estimates the Q2 FY16 net revenue of the company to be at Rs. 10,377 crore, a growth of 11.8% y-o-y and 2.8% q-o-q. EBIDTA Margin is expected to be at 21.9%, a change of 3.1 bps y-o-y while no change q-o-q. Talking of the net profit, it is estimated at Rs. 1877.7 crore, 2.0% increase on y-o-y basis and 3.0% growth on q-o-q basis.
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