Result Analysis HCL Technologies Limited

Result Analysis: HCL Technologies Limited

Result Update: Q3FY23

HCL Technologies Limited is the leading IT solutions provider in India and across 54 countries globally. The company is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services. The company helps enterprises to transform their businesses through digital technology transformation. The revenue segments of HCL Technologies include IT & business services, Engineering & R&D services and Products & Platforms.

 

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Results:

Particulars (In Rs. Cr.)	Q3FY23	Q2FY23	Q3FY22	QoQ%	YoY%	9M FY23	9MFY22	FY22
Revenue from Operations	26,700	24,686	22,331	8.2%	19.6%	74,850	63,054	85651
Other Income	260	236	255	10.2%	2.0%	905	750	1067
Total Income	26,960	24,922	22,586	8.2%	19.4%	75,755	63,804	86,718
Employee Benefit Expenses	14,163	13,474	11,802	5.1%	20.0%	40,615	33,527	46130
Employee benefit Expenses as % of Sales	53.0%	54.6%	52.9%	-160 bps	10 bps	54.26%	53.17%	53.86%
EBIT	5,228	4,427	4,257	18.1%	22.8%	13,647	12,135	16,204
EBIT Margin (%)	19.6%	17.9%	19.1%	170 bps	50 bps	18.2%	19.2%	18.9%
Profit After Tax	4,096	3,489	3,442	17.4%	19.0%	10,868	9,906	13,499
PATM (%)	15.3%	14.1%	15.4%	120 bps	-10 bps	14.52%	15.71%	15.76%
EPS (in Rs.)	15.13	12.89	12.69	17.4%	19.2%	40.14	36.51	49.77

 

Segment Revenue (In Rs. Cr.)	Q3FY23	Revenue %	Q2FY23	QoQ%	Q3FY22	YoY%
IT & Business Services	19,141	71.7%	18,172	5.3%	15,775	21.3%
Engineering & R&D services	4,425	16.6%	4,199	5.4%	3,547	24.8%
Products & Platforms	3,134	11.7%	2,315	35.4%	3,014	4.0%

 

Geography Revenue %	Q3FY23	Q2FY23	Q3FY22	QoQ	YoY
America	63.5	64.8	63.4	-130 bps	10 bps
Europe	29.1	27.5	28.7	160 bps	40 bps
Rest of the World	7.4	7.7	7.9	-30 bps	-50 bps

Source: Company website, EWL Research

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