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  • HCL Technologies reports strong Q2FY25 with 8 per cent revenue growth

    HCL Technologies reports strong Q2FY25 with 8 per cent revenue growth

    Mumbai: HCL Technologies showcased a robust financial performance for the second quarter of FY25, ending 30 September 2024, with an 8 per cent year-over-year growth in revenue, driven by solid gains across its key business segments. The company’s board of directors, during a meeting on 14 October, approved the unaudited financial results and declared an interim dividend of Rs. 12 per share. This underscores HCL’s commitment to delivering consistent value to its shareholders amid the dynamic global tech landscape.

    The company recorded consolidated revenue from operations amounting to Rs. 28,862 crore, an increase from Rs. 26,672 crore during the same period last year. The growth was fueled by a rise in demand across IT & business services, which contributed Rs. 21,544 crore, and the engineering and R&D services segment, with revenues of Rs. 4,545 crore. HCL software also posted a healthy rise, achieving Rs. 2,773 crore in revenue.

    Profit before tax for the quarter stood at Rs. 5,687 crore, while the net profit reached Rs. 4,237 crore, showing an increase compared to Rs. 3,833 crore in Q2FY24. “Our strong financial performance in Q2FY25 is a testament to the resilience of our diversified business portfolio and our focus on delivering customer-centric innovations,” stated  HCL Technologies, CEO and MD, C. Vijayakumar.

    The approved interim dividend of Rs. 12 per share is set to be paid out on 30 October 2024, to shareholders on record as of 22 October 2024. The company’s ability to sustain dividend payouts reflects its solid financial health and cash flow management.

    HCL Technologies reported a total comprehensive income of Rs. 4,793 crore for Q2FY25. The company’s cash flow from operations reached Rs. 9,349 crore for the six months ending September 2024, underscoring its liquidity position. Total assets amounted to Rs. 99,763 crore, with an equity base of Rs. 68,887 crore.

    The balance sheet showed a slight increase in current liabilities to Rs. 21,626 crore, which aligns with seasonal trends in the technology sector. Non-current liabilities also rose marginally to Rs. 9,250 crore, reflecting increased lease obligations.

    Segment Performance:

    – IT and Business Services: This segment continued to be the primary revenue driver, witnessing a 8.2 per cent growth year-on-year, reaching Rs. 21,544 crore. The segment also recorded improved profitability due to efficiency enhancements.

    – Engineering and R&D Services: The segment saw an impressive 5.9 per cent rise in revenue to Rs. 4,545 crore, buoyed by increased investment in digital engineering initiatives.

    – HCL Software: Showing resilience, the software segment’s revenue increased to Rs. 2,773 crore, backed by strong licensing activity and cloud adoption trends.

    The quarter also marked the divestment of the company’s stake in a joint venture with State Street, generating a gain reflected in the Q1FY25 financials. This strategic move allows HCL to focus on core competencies while streamlining its portfolio.

    Looking forward, HCL Technologies remains optimistic about sustaining growth through digital transformation initiatives, with a particular focus on artificial intelligence and cloud services. While challenges such as global economic uncertainties and fluctuating exchange rates persist, the company’s diversified service offerings and strategic investments are expected to support stable growth.

    Pix courtesy HCL Tech annual report

  • Telco gear maker HFCL posts PAT of Rs 84.67 crore in Q4

    Telco gear maker HFCL posts PAT of Rs 84.67 crore in Q4

    NEW DELHI: Homegrown telecom gear maker HFCL reported net profit of Rs 86.47-crore for the quarter ended 31 March 2021, a 1.6 per cent increase over the previous quarter’s Rs 85.11 crores.

    In its earnings reports, the company mentioned it will continue to focus on next-generation and 5G portfolios, following which it has firmed up plans to design 5G small and micro cells.

    HFCL’s current order book stands at Rs 6,875 crore while posting total income of Rs 1,391.4 crore in Q4, as against Rs 1,277.4 crore in Q3. In terms of year-on-year performance, PAT has surged 1364.88 per cent from Rs 5.78 crores for the period ended 31 March 2020. Consolidated income recorded a manifold increase as well, up 109.24 per cent from Rs 668.07 crores at the end of FY20.

    The optic fibre-to-night-vision devices maker reported a total income of Rs 4459.09 crore and net profit of Rs 239 crore during the 12 months period ended 31 March 2021 .

    The company attributed growth mainly to its in-house designed and developed products, in line with the Atmanirbhar Bharat initiative which is adding to its overall profitability.

    The domestic fibre maker works closely with telecom giants like Reliance Jio and Bharti Airtel; both telcos are going aggressive on increasing the FTTH network footprint in large cities for triple-play services. As India moves closer to 5G commercial rollouts, HFCL believes that more relevant business opportunities will soon knock on their doors.

  • Dabur India net profit surges 34% to Rs 378 cr in Q4

    Dabur India net profit surges 34% to Rs 378 cr in Q4

    NEW DELHI: FMCG major Dabur India reported Rs 378 crore in net profit for the quarter ending 31 March 2021, a 34 per cent leap compared to Rs 281 crore during the same period a year earlier.

    The company reported a total income of Rs 2,421.77 crore in Q4, compared to Rs 1,941.13 crore in the corresponding quarter last year. Consolidated revenue surged 25 per cent to close at Rs 2,337 crore for the quarter.

    The EBITDA for the quarter stood at Rs 442.5 crore, while the EBITDA margin was 18.9 per cent.

    For the full financial year, Dabur India recorded a 10 per cent growth in consolidated revenue at Rs 9,562 crore, while consolidated net profit grew 17.2 per cent to Rs 1,693 crore.

    The Real Juice maker also recorded a sequential revival in discretionary spending, mainly in the home and personal care portfolio, which grew by 32.6 per cent. Dabur’s oral care category was the outperformer in this category, reporting more than 42 per cent growth during Q4. The toothpaste segment also witnessed a surge of 45 per cent. The food and beverages business marked a turnaround to report a nearly 28 per cent growth during the quarter.

     

    The consumer goods manufacturer’s strong growth was on the back of efforts to drive demand for its Ayurvedic healthcare, foods, and nutrition products, along with a greater focus on the expansion of distribution, it said in the earnings report.

    Dabur CEO Mohit Malhotra said, “Our strategic business transformation exercise to develop and implement aggressive growth strategies in our core business areas has led to a more flexible company, helping us successfully navigate the emerging headwinds. Dabur’s financial situation remains strong with a 25.6 per cent growth in operating profit during Q4 2020-21.”

  • DB Corp: Q2-2015; DB Corp radio operating profit up 2.6 times y-o-y

    DB Corp: Q2-2015; DB Corp radio operating profit up 2.6 times y-o-y

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a 1.8 per cent drop in Q2-2015 total income from operations (TIO) to Rs 449.32 crore from Rs 461.07 crore in Q1-2015, but saw an increase from the Rs 416.15 crore TIO reported in the corresponding quarter of last year.

     
    The company’s radio segment revenues however, went up 9.8 per cent in Q2 2015 to Rs 22.77 crore (4.7 per cent of TIO) from Rs 20.73 crore (4.2 per cent of TIO) in Q1 2015 and a massive 33.3 per cent more than the Rs 17.08 crore (3.9 per cent of TIO) in Q2 2014.

    While DB Corp’s Q2-2015 PAT fell 13.9 per cent to Rs 68.11 crore (14.2 per cent of TIO) from Rs 79.13 crore (16.2 per cent of TIO) in Q1-2015 and rose by 13.2 per cent  from Rs 60.16 crore (13.7 per cent of TIO), the company’s radio segment’s operating profit went up by 24.7 per cent in Q2-2015 to Rs 6.57 crore from Rs 5.27 crore in Q1 2015 and more than double (2.58 times) the operating profit of 2.54 crore in Q1-2014

    Let us look at the other Q2-2015 and HY-2015 figures reported by DB Corp

    DB Corp’s TIO for HY-2015 has been reported at Rs 969.41 crore which is 9.2 per cent more than the Rs 887.39 crore in HY-2014. It’s PAT for HY-2015 at Rs 147.23 crore (15.2 per cent of TIO) is 8.1 per cent higher than the Rs 136.26 crore (15.4 per cent of TIO) in HY-2014.

    The company’s total expenditure (TE) for Q2-2015 at Rs 377.53 crore was 0.7 per cent more than the Rs 374.99 crore in Q1-2015 and 9.1 per cent more than the Rs 356.15 crore in Q2-2014. During HY-2015, the company’s TE went up to Rs 752.52 crore from Rs 678.49 crore in HY-2014.

    The company reported 2.3 per cent lower raw material consumption in Q2-2015 at Rs 162.09 crore (33.8 per cent of TIO) versus the Rs 165.88 crore (33.9 per cent of TIO) in Q1-2015 and 7.8 per cent more than the Rs 150.36 crore (29 per cent of TIO) in Q2-2014. DB Corp’s raw material consumption in HY-2015 at Rs 327.97 crore (33.8 per cent of TIO) was 11.6 per cent more than the Rs 293.95 crore (33.1 per cent of TIO) in HY-2014.

     Segment Revenue

    DB Corp reports revenues from 5 segment: Printing and Publishing of Newspaper and Periodicals segment (Publishing); Radio business; events; internet and power.

    The company’s radio segment details have been mentioned above. The results of the other three segments are quite small as compared to the contributions to overall revenue by DB Corp’s Printing and Publishing of Newspaper and Periodicals and Radio Business segments.

     DB Corp’s Publishing segment revenue fell 2.6 per cent in Q2-2015 to Rs 449.32 crore from Rs 461.07 crore in Q1-2015 and rose by 8 per cent from Rs 416.17 crore in Q2-2014. Revenue in HY-2015 at Rs 910.39 crore was 7.7 per cent more than the Rs 845.32 crore in HY-2014.

    The segment reported a 15.2 per cent drop in operating profit in Q2-2015 to Rs 100.67 crore from Rs 117.95 crore in Q1-2015 and an increase of 2.9 per cent from Rs 97.27 crore in Q2-2014. Operating profit of this segment in HY-2015 at Rs 210.02 crore dropped 1.9 per cent from Rs 222.16 crore in HY-2014.

    According to the company, revenues from advertising reported a growth of 9 per cent y-o-y to Rs 361.0 crore in current period from Rs 331.1 crore in Q2 last fiscal, on a high base of Q2-2014.

    DB Corp Managing Director Sudhir Agarwal, said “We are happy to report a quarter of satisfactory performance driven by satisfactory advertisement revenue growth with strong traction from segments such as FMCG, real estate, Auto and Life Style categories. On an overall basis, we have ensured that our legacy and emerging markets maintain steady growth as we continue to focus on delivering a content-backed news product that has become an integral part in the lives of our readers in various age-groups and with diverse interests.

     
    Through continuous strategic reviews on product quality, DBCL is working diligently in each market to bring to its readers unbiased news reports based on local region-wise developments and on news of national importance. It is through this larger mission of unearthing the local potential that we continue to progress along the path of our vision to be the largest and most admired media brand enabling socioeconomic change.

    While the print media business segment on a self-growth momentum, we have maintained a steady focus on the non-print segment. 52 per cent of India’s population is 24 years or younger comprising audiences of Generation X, Y and Z. We have very successfully adapted ourselves to this digital and social era and are harnessing our strengths to offer greater value to audiences across radio, digital and mobile platforms.

    Over the past few months, macroeconomic sentiments have improved especially with several global institutions positively revising their India outlook, which has had a good impact on consumer and industrial confidence. We believe that the current outlook indicates broad economic stability and a pick-up in growth, which DBCL is very well positioned to capitalise on, given our inherent business strengths and position as the only media conglomerate that enjoys a leadership position in multiple states, and in multiple languages.”

     

     

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