HCL Technologies Limited (NSE: HCLTECH)

HCL Technologies Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	13,654	13,270	12,586	11,481	10,175	9,936
Revenue Growth (YoY)	5.81%	5.43%	9.62%	12.84%	2.41%	15.10%
Cost of Revenue	8,835	8,509	8,008	7,073	6,010	6,188
Gross Profit	4,819	4,761	4,578	4,408	4,165	3,748
Selling, General & Admin	1,619	1,641	1,573	1,453	1,266	1,222
Research & Development	198	199	203	205	189	180.98
Operating Expenses	2,325	2,343	2,290	2,238	2,078	1,802
Operating Income	2,494	2,418	2,288	2,170	2,087	1,946
Interest Expense	-76	-67	-44	-33	-50	-51.01
Interest & Investment Income	173	153	95	78	87	63.05
Earnings From Equity Investments	-	-	-	2	1	0.05
Currency Exchange Gain (Loss)	-1	-	11	44	6	-1.86
Other Non Operating Income (Expenses)	5	7	8	-5	-14	1.89
EBT Excluding Unusual Items	2,595	2,511	2,358	2,256	2,117	1,958
Gain (Loss) on Sale of Investments	22	19	14	12	12	13.5
Gain (Loss) on Sale of Assets	71	1	20	2	14	-0.06
Other Unusual Items	-	-	21	-	-	-0.28
Pretax Income	2,688	2,531	2,413	2,270	2,143	1,971
Income Tax Expense	683	634	577	460	633	412.66
Earnings From Continuing Operations	2,005	1,897	1,836	1,810	1,510	1,558
Minority Interest in Earnings	-1	-1	1	-3	-3	-4.44
Net Income	2,004	1,896	1,837	1,807	1,507	1,554
Net Income to Common	2,004	1,896	1,837	1,807	1,507	1,554
Net Income Growth	7.05%	3.21%	1.66%	19.91%	-3.01%	7.84%
Shares Outstanding (Basic)	2,710	2,708	2,707	2,712	2,714	2,713
Shares Outstanding (Diluted)	2,714	2,714	2,711	2,712	2,714	2,714
Shares Change (YoY)	0.07%	0.12%	-0.06%	-0.05%	-	-1.38%
EPS (Basic)	0.74	0.70	0.68	0.67	0.56	0.57
EPS (Diluted)	0.74	0.70	0.68	0.67	0.56	0.57
EPS Growth	7.19%	3.17%	1.84%	19.98%	-2.57%	9.62%
Free Cash Flow	2,388	2,584	2,024	2,044	2,393	1,480
Free Cash Flow Per Share	0.88	0.95	0.75	0.75	0.88	0.55
Dividend Per Share	0.645	0.624	0.585	0.422	0.137	0.093
Dividend Growth	11.73%	6.78%	38.62%	208.49%	47.04%	61.11%
Gross Margin	35.29%	35.88%	36.37%	38.39%	40.93%	37.72%
Operating Margin	18.27%	18.22%	18.18%	18.90%	20.51%	19.58%
Profit Margin	14.68%	14.29%	14.60%	15.74%	14.81%	15.64%
Free Cash Flow Margin	17.49%	19.47%	16.08%	17.80%	23.52%	14.90%
EBITDA	2,814	2,761	2,652	2,594	2,617	2,345
EBITDA Margin	20.61%	20.81%	21.07%	22.59%	25.72%	23.60%
D&A For EBITDA	320	343	364	424	530	399.23
EBIT	2,494	2,418	2,288	2,170	2,087	1,946
EBIT Margin	18.27%	18.22%	18.18%	18.90%	20.51%	19.58%
Effective Tax Rate	25.41%	25.05%	23.91%	20.26%	29.54%	20.94%

Source: S&P Capital IQ. Standard template. Financial Sources.