HCL Tech Q4 2013 PAT at Rs 1210 crores; meets expectations

Business

oi-Sunil

By Sunil Fernandes

Updated: Wednesday, July 31, 2013, 13:14 [IST]

HCL Tech has reported numbers largely in line with expectations with profit after tax at Rs 1210 crores for the Q4 2013. The PAT was higher then what analysts had forecast propelled by other income.

US$ revenues for the quarter ending June 30, rose to $1228 million, up 31. per cent quarter on quarter. Revenues for the entire FY 2013 have crossed the Rs 25,000 crores mark and were placed at Rs 25,734 crores.

"FY 2013 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," said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.

The company's Americas and Europe grew by 2.8 per cent and 9.6 per cent respectively, while broad based growth across verticals were led by Public Services at 7.3 per cent, Telecom at 5.9 per cent, Financial Services at 5.8 per cent and Manufacturing at 4.7 per cent respectively.

"Backed by another strong quarter, we closed our Financial Year on a positive note. Our Net Income
margin expanded by 400 bps and touched a five year high of 16%. Our Return on Equity for the year has
been 34% which is amongst the best in the industry. EBITDA to Free Cash Flow conversion has been at a
healthy 68%," said Anil Chanana, CFO, HCL Technologies.

The Board of Directors of the Company have recommended a final dividend of Rs.6/- per equity share of Rs.2/- each of the Company for the year ended June 30, 2013.

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