HCL Technologies Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported revenues from operations and total income from operations of INR 48,892.6 million against INR 44,718.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 18,877.9 million against INR 16,927.2 million a year ago. Profit from ordinary activities before tax was INR 20,804.2 million against INR 20,391.1 million a year ago. Net profit from ordinary activities after tax was INR 16,615.4 million against INR 16,496.6 million a year ago. Diluted earnings per share before and after extraordinary items was INR 11.76 against INR 11.68 a year ago.

For the nine months, on standalone basis, the company reported revenues from operations and total income from operations of INR 142,038.3 million against INR 88,220.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 57,636.9 million against INR 31,841.6 million a year ago. Profit from ordinary activities before tax was INR 64,014.4 million against INR 37,820.1 million a year ago. Net profit from ordinary activities after tax was INR 51,515.5 million against INR 30,489.5 million a year ago. Diluted earnings per share before and after extraordinary items was INR 36.48 against INR 21.60 a year ago.

For the quarter, on consolidated basis, the company reported revenues from operations and total income from operations of INR 118,142.0 million against INR 103,405.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 24,441.6 million against INR 20,866.4 million a year ago. Profit from ordinary activities before tax was INR 26,291.6 million against INR 24,274.7 million a year ago. Net profit from ordinary activities after tax was INR 20,576.5 million against INR 19,195.3 million a year ago. Diluted earnings per share before and after extraordinary items was INR 14.60 against INR 13.63 a year ago. EBITDA was INR 26,280 million against INR 22,250 million a year ago. EBIT was INR 24,080 million against INR 20,720 million a year ago. Net cash provided by operating activities was USD 306.7 million. Purchase of property and equipment was USD 146.7 million.

For the nine months, on consolidated basis, the company reported revenues from operations and total income from operations of INR 346,697.3 million against INR 204,373.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 72,087.9 million against INR 40,788.8 million a year ago. Profit from ordinary activities before tax was INR 77,951.4 million against INR 46,403.3 million a year ago. Net profit from ordinary activities after tax was INR 61,333.5 million against INR 36,594.9 million a year ago. Diluted earnings per share before and after extraordinary items was INR 43.42 against INR 25.96 a year ago.

The company provided earnings guidance for the fiscal year 2017. For the year, the company had guided for fiscal year 2017 revenues to grow between of 12.0% to 14.0% using the average exchange rates for fiscal year 2016. This translates to 10% to 12% in USD terms based on December 31st, 2016 exchange rates. The company expects its fiscal year 2017 revenues to be in the middle of this range. Fiscal year 2017 expected operating margin (EBIT) range continues to be in the range of 19.5% to 20.5% post consummation of acquisitions.