Shares of HCL Technologies gained 2.11% to trade at Rs 1,497.30 in early trade on Monday. The stock is a constituent of the Nifty 50 index.
Financial Snapshot:The following table presents a consolidated overview of HCL Technologies' financial performance:
| Heading | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 75,379 Crore | Rs 85,651 Crore | Rs 101,456 Crore | Rs 109,913 Crore | Rs 117,055 Crore |
| Net Profit | Rs 11,169 Crore | Rs 13,524 Crore | Rs 14,845 Crore | Rs 15,710 Crore | Rs 17,399 Crore |
| EPS | 41.07 | 49.77 | 54.85 | 57.99 | 64.16 |
| BVPS | 221.30 | 228.38 | 240.88 | 251.46 | 256.56 |
| ROE | 18.60 | 21.80 | 22.70 | 23.00 | 24.96 |
| Debt to Equity | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 |
The company has shown consistent growth in revenue and net profit over the years. Revenue increased from Rs 75,379 Crore in March 2021 to Rs 117,055 Crore in March 2025. Similarly, net profit rose from Rs 11,169 Crore in March 2021 to Rs 17,399 Crore in March 2025. The debt-to-equity ratio has remained stable at 0.03 as of March 2025.
Consolidated Financial Performance - QuarterlyThe following table summarizes the consolidated quarterly financial performance of HCL Technologies:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 28,057.00 Crore | Rs 28,862.00 Crore | Rs 29,890.00 Crore | Rs 30,246.00 Crore | Rs 30,349.00 Crore |
| Net Profit | Rs 4,259.00 Crore | Rs 4,237.00 Crore | Rs 4,594.00 Crore | Rs 4,309.00 Crore | Rs 3,844.00 Crore |
| EPS | 15.70 | 15.62 | 16.94 | 15.90 | 14.18 |
HCL Technologies has demonstrated steady growth in its quarterly revenue, increasing from Rs 28,057.00 Crore in June 2024 to Rs 30,349.00 Crore in June 2025. However, the net profit saw a slight decrease, from Rs 4,259.00 Crore in June 2024 to Rs 3,844.00 Crore in June 2025.
Annual Income Statement:The annual income statement provides a comprehensive view of HCL Technologies' financial performance over the past five years. Key highlights include:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales | 75,379 | 85,651 | 101,456 | 109,913 | 117,055 |
| Other Income | 927 | 1,067 | 1,358 | 1,495 | 2,485 |
| Total Income | 76,306 | 86,718 | 102,814 | 111,408 | 119,540 |
| Total Expenditure | 59,942 | 69,447 | 82,973 | 89,888 | 95,635 |
| EBIT | 16,364 | 17,271 | 19,841 | 21,520 | 23,905 |
| Interest | 511 | 319 | 353 | 553 | 644 |
| Tax | 4,684 | 3,428 | 4,643 | 5,257 | 5,862 |
| Net Profit | 11,169 | 13,524 | 14,845 | 15,710 | 17,399 |
The company's sales have steadily increased over the years, reaching Rs 117,055 in March 2025. Other income has also seen growth, contributing to a higher total income. The rise in total expenditure is offset by increased earnings before interest and taxes (EBIT), showcasing efficient operations.
Quarterly Income Statement:The quarterly income statement highlights HCL Technologies' performance in the recent quarters.
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | |
|---|---|---|---|---|---|
| Sales | 28,057 | 28,862 | 29,890 | 30,246 | 30,349 |
| Other Income | 1,103 | 456 | 477 | 449 | 456 |
| Total Income | 29,160 | 29,318 | 30,367 | 30,695 | 30,805 |
| Total Expenditure | 23,262 | 23,500 | 24,069 | 24,804 | 25,407 |
| EBIT | 5,898 | 5,818 | 6,298 | 5,891 | 5,398 |
| Interest | 191 | 131 | 166 | 156 | 209 |
| Tax | 1,448 | 1,450 | 1,538 | 1,426 | 1,345 |
| Net Profit | 4,259 | 4,237 | 4,594 | 4,309 | 3,844 |
The quarterly sales have shown a consistent increase, with the highest sales in June 2025. Total expenditure has also increased, impacting the EBIT and net profit.
Cash Flow:Here's a summary of HCL Technologies' cash flow activities:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Operating Activities | 19,618 | 16,900 | 18,009 | 22,448 | 22,261 |
| Investing Activities | -5,742 | 1,477 | -3,931 | -6,723 | -4,914 |
| Financing Activities | -11,180 | -14,508 | -15,881 | -15,464 | -18,561 |
| Others | 65 | 120 | 358 | 115 | 18 |
| Net Cash Flow | 2,761 | 3,989 | -1,445 | 376 | -1,196 |
Cash flow from operating activities has generally increased over the years, indicating improved operational efficiency. Financing activities consistently show a net outflow, which may be due to dividend payouts and debt repayments.
Balance Sheet:The following table presents key figures from HCL Technologies' balance sheet:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Share Capital | 543 | 543 | 543 | 543 | 543 |
| Reserves & Surplus | 59,370 | 61,371 | 64,862 | 67,720 | 69,112 |
| Current Liabilities | 17,383 | 18,775 | 21,431 | 22,726 | 28,039 |
| Other Liabilities | 8,898 | 8,344 | 6,575 | 8,788 | 7,850 |
| Total Liabilities | 86,194 | 89,033 | 93,411 | 99,777 | 105,544 |
| Fixed Assets | 20,265 | 17,789 | 16,092 | 15,039 | 14,475 |
| Current Assets | 43,051 | 48,041 | 53,577 | 59,331 | 62,109 |
| Other Assets | 22,878 | 23,203 | 23,742 | 25,407 | 28,960 |
| Total Assets | 86,194 | 89,033 | 93,411 | 99,777 | 105,544 |
The company's reserves and surplus have increased steadily, indicating strong financial health. Current assets have also grown, reflecting improved liquidity.
Key Financial Ratios:The subsequent table presents key financial ratios for HCL Technologies:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 41.07 | 49.77 | 54.85 | 57.99 | 64.16 |
| Diluted EPS (Rs.) | 41.07 | 49.77 | 54.79 | 57.86 | 64.09 |
| Book Value / Share (Rs.) | 221.30 | 228.38 | 240.88 | 251.46 | 256.56 |
| Dividend / Share (Rs.) | 10.00 | 42.00 | 48.00 | 52.00 | 60.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 27.82 | 25.21 | 23.64 | 23.37 | 23.91 |
| Operating Margin (%) | 21.70 | 20.16 | 19.55 | 19.57 | 20.42 |
| Net Profit Margin (%) | 14.81 | 15.78 | 14.63 | 14.29 | 14.86 |
| Return on Equity (%) | 18.60 | 21.80 | 22.70 | 23.00 | 24.96 |
| ROCE (%) | 23.78 | 24.58 | 27.56 | 27.92 | 30.84 |
| Return On Assets (%) | 12.93 | 15.16 | 15.89 | 15.73 | 16.47 |
| Current Ratio (X) | 2.48 | 2.56 | 2.50 | 2.61 | 2.22 |
| Quick Ratio (X) | 2.47 | 2.55 | 2.49 | 2.60 | 2.21 |
| Debt to Equity (x) | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 |
| Interest Coverage Ratios (X) | 32.02 | 67.70 | 67.95 | 46.46 | 43.46 |
| Asset Turnover Ratio (%) | 87.45 | 0.58 | 0.65 | 1.14 | 1.14 |
| Inventory Turnover Ratio (X) | 801.90 | 0.00 | 0.00 | 0.00 | 736.19 |
| 3 Yr CAGR Sales (%) | 22.09 | 19.06 | 19.81 | 20.75 | 16.90 |
| 3 Yr CAGR Net Profit (%) | 13.25 | 15.60 | 15.87 | 18.60 | 13.43 |
| P/E (x) | 23.93 | 23.38 | 19.79 | 26.62 | 24.82 |
| P/B (x) | 4.46 | 5.10 | 4.51 | 6.14 | 6.20 |
| EV/EBITDA (x) | 12.50 | 14.23 | 11.77 | 15.61 | 14.75 |
| P/S (x) | 3.54 | 3.69 | 2.91 | 3.81 | 3.69 |
The company’s dividend per share has increased from Rs 10.00 in March 2021 to Rs 60.00 in March 2025. The return on equity (ROE) has also improved, reaching 24.96% in March 2025.
Corporate Actions:HCL Technologies has announced several corporate actions, including dividends. Recent dividend announcements include:
The company also has a history of bonus issues, with the most recent one declared on October 23, 2019, in the ratio of 1:1. A stock split was announced on October 24, 2000, with the face value changing from Rs 4 to Rs 2.
The stock is currently trading on the Nifty 50.
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