InvestorQ : How do you see the prospects of HCL Tech stocks after its encouraging March quarter results?
Anjana Aiyar made post

How do you see the prospects of HCL Tech stocks after its encouraging March quarter results?

Answer
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Arya Nanda answered.
4 months ago


HCL Tech today reported net profits of Rs.3154 crore for the Mar-20 quarter up by 22.8% on a YOY basis. This is almost 10% better than the profit estimates of analysts in a Reuters’ poll. The total revenues for the quarter were up by 16.3% at Rs.18,590 crore. In the March quarter, HCL Tech reported operating profit margins (OPM) of 20.9% , which is nearly 150 bps better than street estimates. This is also places HCL Tech in the top percentile of Indian IT companies in terms of OPM.