- HCL Tech’s net income for 3Q reached 45.9 billion rupees, marking an increase of 5.5% year-over-year (y/y), closely meeting the estimate of 46.14 billion rupees.
- The company’s revenue was 298.9 billion rupees, up by 5.1% y/y, just below the estimated 300.36 billion rupees.
- Total costs for the period were 242.4 billion rupees, growing by 5.7% y/y.
- Employee benefits expenses rose by 4.5% y/y, amounting to 165.8 billion rupees.
- Outsourcing costs increased by 3.8% y/y, reaching 38.7 billion rupees.
- Other income saw a significant rise of 29% y/y, totaling 4.77 billion rupees.
- The dividend per share was set at 18 rupees, which includes a special dividend of 6 rupees.
- Analyst ratings for the stock include 21 buys, 15 holds, and 8 sells.
“`
A look at HCL Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
HCL Technologies Limited, a company specializing in software development and engineering services, holds promising long-term potential as per the Smartkarma Smart Scores. With high scores in Dividend, Resilience, and Momentum, the company appears to be resilient and well-positioned for future growth. The strong focus on dividends, coupled with a robust ability to weather market fluctuations and strong momentum in its operations, indicates a positive outlook for HCL Technologies.
Although the Value and Growth scores for HCL Technologies are not as high as other factors, the overall outlook remains optimistic. The company’s diverse use of technologies, ranging from internet and e-commerce to wireless communications and object technologies, reflects its adaptability and innovation in the tech sector. Investors may find HCL Technologies an attractive prospect for long-term investment based on its solid performance in key areas according to the Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
