HCL announces financial results

HCL Technologies today reported a consolidated net profit of Rs 1,209.60 crore for the Q4, ended June 30, 2013. It has increased by 41.6% compared with Rs 854.1 crore in the same period in 2012.

The company, which follows July-June financial year, reported a consolidated net profit of Rs 4,099 crore for the fiscal, up 62.3% compared with Rs 2,526 crore last fiscal. Revenues rose 22.4 per cent to Rs 25,733.70 crore from Rs 21,031.2 crore last year. The number of employees as of June 30, 2013 stood at 85,505 compared with 84,319 people in June last year.

HCL Technologies added five clients of $100 million plus deals and 11 of $50 million plus during the quarter. Revenues of the company during the quarter also increased by 17.3% - from Rs 5,919.1 crore Q4 last year to Rs 6,944.2 crore.

"HCL continues to lead the industry in profitable growth, with seven successive quarters of net income margin expansion, having reported 62 per cent growth in net income this year,'' Anant Gupta, President and Chief Executive Officer, said.

HCL attributes a major chunk of this growth to infrastructure management services and verticals like financial service, lifesciences and healthcare. The infrastructure business saw a growth of 36% Y-O-Y, said HCL' EVP & Head- Global Infrastructure Division, R.Srikrishna in a conference call.

"FY'13 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," Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies, said.