IT services giant HCL Technologies has posted a 62.13 per cent jump in its standalone net profit at Rs 385.59 crore for the fourth quarter ended June 30, 2011.
This is against a standalone net profit of Rs 237.82 crore in the same quarter last fiscal as per Indian accounting standards, the company said in a filing to the Bombay Stock Exchange today.
Its total income rose to Rs 1,949.36 crore from Rs 1,330.61 crore, up 46.5 per cent.
“In these times of dynamic demand and swiftly changing customer priorities, HCL is focusing on building an innovation engine that is agile, business-aligned and employee driven,” the company Vice-Chairman and CEO, Mr Vineet Nayar, said in a statement.
The company continues to balance this thought leadership with an equally rewarding financial performance quarter by quarter, he added.
For the year ended June 30, 2011, the company reported a 30.75 per cent jump in its consolidated net profit at Rs 1,646.51 crore against Rs 1,259.19 crore during FY 2009-10.
Total income increased to Rs 15,730.43 crore from Rs 12,136.29 crore.
“We ended the financial year with an impressive all-round performance. Our revenues grew 31 per cent year-on-year, net income grew 35 per cent, while cash flow conversion (ratio of cash flow from operations to net income) stands at 100 per cent backed by efficient working capital management,” HCL Technologies CFO, Mr Anil Chanana, said.
Cash and cash equivalents stood at $116.3 million as on June 30, 2011. The board of directors of the company has recommended a final dividend of Rs 2 per equity share, taking the total dividend for the year to Rs 7.50 per share.
During the quarter, HCL Technologies added 9,572 people (gross) and 3,626 employees (net), taking the total headcount to 77,046.
The company signed 20 transformational deals in industries like manufacturing, media and publishing, telecom, BFSI, retail, hi-tech and healthcare.
For the quarter ended June 30, 2011, Americas contributed 61.5 per cent to its revenues, while Europe and Rest of the World (RoW) contributed 24.6 per cent and 13.9 per cent, respectively.
Meanwhile, the company shares were trading at Rs 517.70, up 0.56 per cent from its previous close on the BSE today.