Beating analysts’ expectations, the country's fourth largest information technology firm HCL Technologies ( on Wednesday reported a consolidated net profit of Rs 1,209.60 crore for the fourth quarter ended June 30, 2013, up 41.6 per cent compared with Rs 854.1 crore in the same period previous year.
To pay Rs 6/share
The growth was led by infrastructure management services and verticals such as financial service, lifesciences and healthcare, the company said.
The company announced a dividend of Rs 6 per share and this was for the 42 consecutive quarters of the dividend payout, taking the total dividend for the year to Rs 12 per share.
Revenues during the quarter rose 17.3 per cent to Rs 6,944.2 crore from Rs 5,919.1 crore in the corresponding period last year, it said in a statement.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also went up 25.2 per cent to Rs 1,628.8 crore against Rs 1,300.8 crore in the same quarter of the previous year.
Number of employees as of June 30, 2013 stood at 85,505 compared with 84,319in June last year. The company added five clients of $100-million-plus deals and 11 of $50-million-plus during the quarter.
HCL Technologies, which follows July-June financial year, reported a consolidated net profit of Rs 4,099 crore for the fiscal, up 62.3 per cent compared with Rs 2,526 crore last fiscal.
“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.
Revenues also rose 22.4 per cent to Rs 25,733.70 crore from Rs 21,031.2 crore last year.
“Over the past few quarters, the company has consistently done well on revenue growth and has been able to improve margins. The focus on re-bid market has helped it significantly with infrastructure management services performing well. We maintain our positive view over the medium term,” Dipen Shah, Head of Private Client Group Research, Kotak Securities said.
Shares of HCLT closed at Rs 937.75 on the BSE on Friday, up 3.52 per cent from the previous close.