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HCL Infosystems Ltd.

BSE: 500179 Sector: Consumer
NSE: HCL-INSYS ISIN Code: INE236A01020
BSE 00:00 | 24 Apr 2020 HCL Infosystems Ltd
NSE 05:30 | 01 Jan 1970 HCL Infosystems Ltd

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OPEN 6.75
PREVIOUS CLOSE 6.45
VOLUME 98312
52-Week high 18.05
52-Week low 3.20
P/E
Mkt Cap.(Rs cr) 223
Buy Price 6.77
Buy Qty 9857.00
Sell Price 6.77
Sell Qty 910.00
OPEN 6.75
CLOSE 6.45
VOLUME 98312
52-Week high 18.05
52-Week low 3.20
P/E
Mkt Cap.(Rs cr) 223
Buy Price 6.77
Buy Qty 9857.00
Sell Price 6.77
Sell Qty 910.00

HCL Infosystems Ltd. (HCL-INSYS) - Chairman Speech


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Company chairman speech

Dear Shareholders

In FY18 we had made progress on our defined strategy to consolidate the company. Our plan for FY19 was to move on the path that we had strategised in the previous year. Accordingly in the year we focussed on Enterprise Distribution Consumer Distribution Singapore Services and System Integration businesses. This strategy has resulted in some success for us as our revenues from continuing operations increased from ? 3565 Crore in FY18 to ? 4340 Crore in FY19 an Y-o-Y growth of 22%. This growth has been significantly powered by performances in our Enterprise and Consumer Distribution businesses. In these focussed businesses there was revenue increase as well as profitability was maintained. Our Enterprise Distribution business has been performing on a consistent basis. It's Channel business in the financial year was the main revenue earner. The business has also been working towards enhancing its digital offerings in line with the dynamics and demands of the market. Accordingly we have seen capabilities being created for future growth in this space. In Consumer Distribution there has been a 35% Y-o-Y revenue increase. The chief revenue contributor has been our partnership with HMD Global for Nokia handsets. Other partnerships with global manufacturers like Samsung and Microsoft Surface also gained ground.

The multi-brand multi-channel strategy of Consumer Distribution continued to gain traction. Both e-Brandstore and Telecom Service Provider (Operator) Channel under Direct to Consumer Segment produced results. For our focused businesses of Consumer and Enterprise Distribution the market opportunity looks good. The Indian Consumer Market is growing led by increase in demand due to changing lifestyles of individuals easier access to credit and rising disposable income. Also it is likely that India will emerge as a manufacturing hub. The multi - channel strategy of the business is also placed well to leverage opportunities as the share in the online market increases. Enterprise IT spending is also expected to grow in the year. One of the key drivers for this growth is that organizations have become more adaptive to business model change led by new technology such as digital transformation. In our Overseas IT Services operations in Singapore the business moved along its defined path in the financial year. The System Integration and Solutions business of the company focused on execution of existing projects. These include mission critical projects of the Government and the Defense sector. However realisation of receivables from certain projects continued to pose challenges.

Going forward we will continue to focus on our Distribution business and on the execution of projects and realization of receivables in the System Integration and Solutions business. We have taken steps to enhance our productivity and have achieved some success in this year. The company also shall continue to monetize its business and real estate assets in order to repay high cost loans and thereby reduce its finance cost.

I would like to thank our shareholders for the support and faith that you have reposed in the company. We look forward to a successful FY20 for HCL Infosystems!

With Warm Regards

Rangarajan Raghavan

   


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