Latest news with #Ms.BhavaniBalasubramanian
Economic Times
28-04-2025
- Business
- Economic Times
Reduce HCL Technologies, target price Rs 1,390: ICICI Securities
HCL Technologies' key products/revenue segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 30695.00 crore, up 1.08% from last quarter Total Income of Rs 30367 crore and up 6.16% from last year same quarter Total Income of Rs 28915.00 crore. The company has reported net profit after tax of Rs 4309. crore in the latest quarter. The company's top management includes Nadar, Balasubramanian, Mr.R Srinivasan, Narayanan, John England, Chellappa, Kapoor, Vasudeva, Sieber, Madhavan, Shankara Sastry, Ann Abrams, Malhotra, Mr.C Vijayakumar, Nadar Malhotra, Fang Chew. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 271 crore shares outstanding. Live Events Investment Rationale HCL Technology's FY26 revenue organic guidance of 1?4% YoY CC appears optimistic at its upper end, implying -0.6% to 0.9% organic CQGR. It is supported by an exit growth rate of 1.6%. Management mentioned that it did not see any project deferral or ramp-down due to tariff-related uncertainties in Q4FY25. However, it expects weakness in retail and manufacturing along with an adverse spillover to other verticals amid macro weakness. Q4 deal TCV was strong, at USD 2.995bn, up 43%/30.8% QoQ/YoY. The pipeline too is strong; however, heightened uncertainty persists in deal conversion. ICICI Securities cut its FY26E/FY27E EPS by 2%/2.4%, on the basis of lower revenue estimates. They value HCL Technologies on an SoTP basis ? services (IT and ER&D) at 20x and products at 18x on Q4FY26E?Q3FY27E EPS. The target price stands at Rs 1,390. The brokerage has retained REDUCE call. Promoter/FII Holdings Promoters held 60.81 per cent stake in the company as of 31-Mar-2025, while FIIs owned 19.15 per cent, DIIs 15.39 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has a reduce call on HCL Technologies with a target price of Rs 1390. The current market price of HCL Technologies is Rs 1586.9. HCL Technologies, incorporated in 1991, is a Large Cap company with a market cap of Rs 430577.24 crore, operating in the IT Software Technologies' key products/revenue segments include Software Development Charges and Computer Hardware & Software for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 30695.00 crore, up 1.08% from last quarter Total Income of Rs 30367 crore and up 6.16% from last year same quarter Total Income of Rs 28915.00 crore. The company has reported net profit after tax of Rs 4309. crore in the latest company's top management includes Nadar, Balasubramanian, Mr.R Srinivasan, Narayanan, John England, Chellappa, Kapoor, Vasudeva, Sieber, Madhavan, Shankara Sastry, Ann Abrams, Malhotra, Mr.C Vijayakumar, Nadar Malhotra, Fang Chew. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 271 crore shares Technology's FY26 revenue organic guidance of 1?4% YoY CC appears optimistic at its upper end, implying -0.6% to 0.9% organic CQGR. It is supported by an exit growth rate of 1.6%. Management mentioned that it did not see any project deferral or ramp-down due to tariff-related uncertainties in Q4FY25. However, it expects weakness in retail and manufacturing along with an adverse spillover to other verticals amid macro weakness. Q4 deal TCV was strong, at USD 2.995bn, up 43%/30.8% QoQ/YoY. The pipeline too is strong; however, heightened uncertainty persists in deal conversion. ICICI Securities cut its FY26E/FY27E EPS by 2%/2.4%, on the basis of lower revenue estimates. They value HCL Technologies on an SoTP basis ? services (IT and ER&D) at 20x and products at 18x on Q4FY26E?Q3FY27E EPS. The target price stands at Rs 1,390. The brokerage has retained REDUCE held 60.81 per cent stake in the company as of 31-Mar-2025, while FIIs owned 19.15 per cent, DIIs 15.39 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
28-04-2025
- Business
- Time of India
Reduce HCL Technologies, target price Rs 1,390: ICICI Securities
ICICI Securities has a reduce call on HCL Technologies with a target price of Rs 1390. The current market price of HCL Technologies is Rs 1586.9. HCL Technologies, incorporated in 1991, is a Large Cap company with a market cap of Rs 430577.24 crore, operating in the IT Software sector. HCL Technologies' key products/revenue segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 30695.00 crore, up 1.08% from last quarter Total Income of Rs 30367 crore and up 6.16% from last year same quarter Total Income of Rs 28915.00 crore. The company has reported net profit after tax of Rs 4309. crore in the latest quarter. The company's top management includes Nadar, Balasubramanian, Mr.R Srinivasan, Narayanan, John England, Chellappa, Kapoor, Vasudeva, Sieber, Madhavan, Shankara Sastry, Ann Abrams, Malhotra, Mr.C Vijayakumar, Nadar Malhotra, Fang Chew. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 271 crore shares outstanding. Investment Rationale HCL Technology's FY26 revenue organic guidance of 1?4% YoY CC appears optimistic at its upper end, implying -0.6% to 0.9% organic CQGR. It is supported by an exit growth rate of 1.6%. Management mentioned that it did not see any project deferral or ramp-down due to tariff-related uncertainties in Q4FY25. However, it expects weakness in retail and manufacturing along with an adverse spillover to other verticals amid macro weakness. Q4 deal TCV was strong, at USD 2.995bn, up 43%/30.8% QoQ/YoY. The pipeline too is strong; however, heightened uncertainty persists in deal conversion. ICICI Securities cut its FY26E/FY27E EPS by 2%/2.4%, on the basis of lower revenue estimates. They value HCL Technologies on an SoTP basis ? services (IT and ER&D) at 20x and products at 18x on Q4FY26E?Q3FY27E EPS. The target price stands at Rs 1,390. The brokerage has retained REDUCE call. Promoter/FII Holdings Promoters held 60.81 per cent stake in the company as of 31-Mar-2025, while FIIs owned 19.15 per cent, DIIs 15.39 per cent.
