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HCL Infosystems registers 3,612 Crore revenue in FY18 from continuing operations, an increase of 12% Y-o-Y

By SiliconIndia   |   Wednesday, June 6, 2018
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hclFY18 Business Highlights of Continuing Operations:

  • FY18 revenue was Rs. 3,612 Crore vs. Rs. 3,225 Crore in FY17, an increase of 12% Y-o-Y
  • Distribution Business revenue for FY18 stood at Rs. 3016 Crore, Y-o-Y increase of 22%
    • FY18 Annual revenue of Enterprise Distribution was Rs. 1,524 Crore vs. Rs. 1,168 Crore in FY17, Y-o-Y increase of 30%.
    • Consumer Distribution clocked revenue of Rs. 1,492 Crore in FY18 vs. Rs. 1,298 Crore in FY17, an increase of 15%.
  • Profit / (Loss) before interest, tax and exceptional items was Rs. (30.7) Crore vs. Rs.30.5 Crore in the preceding year
  • Profit / (Loss) before tax and after exceptional items was Rs. (201.6) Crore in the FY vs. Rs. (133) Crore in the preceding year. Exceptional items include impairment of Goodwill for Learning business Rs. 31.4 Crore in FY18 and for FY17 the impairment of Goodwill for Learning business which was Rs. 11 Crore

Revenue from discontinued operations in FY18 was Rs. 434 Crore and Profit / (Loss) before tax was Rs. (507) Crore including an exceptional item of Rs. 412 Crore (Goodwill impairment for Services)

Q4FY18 Business Highlights of Continuing operations:

  • Q4 FY18 revenue was Rs. 1,067 Crore vs. Rs. 705 Crore in Q4FY17, an increase of 51% Y-o-Y.
  • Distribution business revenue increased from Rs. 504 Crore in Q4FY17 to Rs. 908 Crore in Q4FY18, a growth of 80% Y-o-Y
    • Enterprise Distribution revenue stood at Rs. 444 Crore in Q4 FY18 vs. Rs.338 Crore in Q4FY17, an Y-o-Y increase of 31%
    • Consumer Distribution clocked revenue of Rs. 464 Crore in Q4FY18 vs. Rs.166 Crore in Q4FY17, an increase of 179%
  • Profit / (Loss) before interest, tax and exceptional items was Rs. (17) Crore in Q4FY18 vs. Rs. (8.6) Crore in Q4FY17
  • Profit / (Loss) before tax and after exceptional items was Rs. (80) Crore in the quarter vs. Rs. (59.2) Crore in the corresponding quarter in the last financial year
  • Exceptional items include impairment of Goodwill for Learning business Rs. 31.4 Crore considering the termination of the Business Transfer Agreement with M/s. Everest Edusys and Solutions Private Limited

Revenue from discontinued operations in Q4 FY18 was Rs. 102 Crore and Profit / (Loss) before tax was Rs. (47) Crore including exceptional item of Rs. 22 Crore (Goodwill impairment for Services)

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