April 23, 2021

The General Manager BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001

The Manager National Stock Exchange of India Limited Listing Department Exchange Plaza 5th Floor, Plot No. C-1, Block-G Bandra-Kurla Complex, Bandra(E) Mumbai-400 051

BSE Scrip Code: 532281

NSE Scrip Code: HCLTECH

Sub.: Board meeting – Audited Financial Results for the quarter and Financial Year ended March 31, 2021

Dear Sir,

1. The Board of Directors has today approved the Audited (Consolidated & Standalone) Financial results of the Company for the quarter and year ended March 31, 2021. The Financial Results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with declaration prescribed under these regulations are enclosed at Annexure- A.
1. The Auditors' Reports on the aforesaid Consolidated & Standalone Financial results of the Company are enclosed at Annexure- B.
1. The Board of Directors has declared 1st Interim Dividend of Rs.6/- per equity share of Rs. 2/ each and a Special interim dividend of Rs.10/- per equity share of Rs.2/- each for FY 2021- 22. The Special Interim Dividend has been declared by the Board in recognition of the Company's recent milestone, crossing the \$10 Billion mark in Revenue during FY'21.

The total interim dividend of Rs. 16/- per equity share of Rs. 2/- each will be paid on May 19, 2021 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of May 1, 2021, already announced for the purpose.

An Investor Release dated April 23 , 2021 on the financial results is enclosed at Annexure-C.

This is for your information and records.

Thanking you, For HCL Technologies Limited

Manish Anand Company Secretary

Encl: a/a

Corporate Identity Number : L74140DL1991PLC046369 Registered Office : 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com; Telephone: +91 11 26436336

Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS:

	( in crores)
			Three months ended			Year ended
		31 March	31 December	31 March	31 March	31 March
	Particulars	2021	2020	2020	2021	2020
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
I	Revenue
	Revenue from operations	19,641	19,302	18,587	75,379	70,676
	Other income	244	189	147	927	589
	Total income	19,885	19,491	18,734	76,306	71,265
II	Expenses
	Purchase of stock-in-trade	334	556	403	1,698	1,536
	Changes in inventories of stock-in-trade	59	(47)	102	(3)	-
	Employee benefits expense	10,871	9,447	9,083	38,853	34,928
	Finance costs	159	147	124	511	505
	Depreciation, amortization and impairment expense	1,267	1,187	996	4,611	3,420
	Outsourcing costs	2,644	2,616	2,497	10,158	10,700
	Other expenses	1,184	1,106	1,644	4,625	6,196
	Total expenses	16,518	15,012	14,849	60,453	57,285
III	Profit before tax	3,367	4,479	3,885	15,853	13,980
IV	Tax expense
	Current tax	1,169	930	739	3,719	2,821
	Deferred tax charge/(credit)	1,087	(428)	(26)	965	102
	Total tax expense	2,256	502	713	4,684	2,923
V	Profit for the period / year	1,111	3,977	3,172	11,169	11,057
VI	Other comprehensive income (loss)
	(A) (i) Items that will not be reclassified to statement of profit and loss	39	-	(81)	33	(85)
	(ii) Income tax on items that will not be reclassified to statement of
	profit and loss	(16)	5	16	(10)	18
	(B) (i) Items that will be reclassified subsequently to statement of profit
	and loss	43	427	79	913	441
	(ii) Income tax on items that will be reclassified to statement of profit
	and loss	(68)	(32)	82	(178)	105
	Total other comprehensive income (loss)	(2)	400	96	758	479
	VII Total comprehensive income for the period / year	1,109	4,377	3,268	11,927	11,536
	Profit for the period / year attributable to
	Shareholders of the Company	1,102	3,969	3,172	11,145	11,057
	Non-controlling interest	9	8	-	24	-
		1,111	3,977	3,172	11,169	11,057

	Total comprehensive income for the period / year attributable to
	Shareholders of the Company	1,102	4,370	3,260	11,908	11,525
	Non-controlling interest	7	7	8	19	11
		1,109	4,377	3,268	11,927	11,536
	Earnings per equity share of ₹ 2 each
	Basic (in )	4.06	14.63	11.69	41.07	40.75
	Diluted (in )	4.06	14.63	11.69	41.07	40.75

	Dividend per equity share of ₹ 2 each
	Interim dividend paid (in )	4	4	2	10	5
	Final dividend paid (in )	-	2	-	2	-

Segment Information of Consolidated Financial Results as per Ind AS :

31 March 2021 (Audited) 31 December 2020 (Unaudited) 31 March 2020 (Audited) 31 March 2021 (Audited) 31 March 2020 (Audited) Segment revenue IT and Business services 14,122 13,596 13,130 53,401 50,742 Engineering and R&D services 2,975 2,987 3,040 11,745 11,819 Products & Platforms 2,554 2,719 2,417 10,243 8,115 Total 19,651 19,302 18,587 75,389 70,676 Less : Inter-segment revenue IT and Business services - - - - - Engineering and R&D services - - - - - Products & Platforms (10) - - (10) - Total (10) - - (10) - Net revenue of operations from external customers IT and Business services 14,122 13,596 13,130 53,401 50,742 Engineering and R&D services 2,975 2,987 3,040 11,745 11,819 Products & Platforms 2,544 2,719 2,417 10,233 8,115 Total 19,641 19,302 18,587 75,379 70,676 Segment results IT and Business services 2,358 2,861 2,499 10,194 9,017 Engineering and R&D services 465 730 576 2,379 2,293 Products & Platforms 458 844 802 2,864 2,601 Total 3,281 4,435 3,877 15,437 13,911 Add (less) : Finance cost (159) (147) (124) (511) (505) Exchange differences (net) 47 2 (36) 46 (15) Other income 198 189 168 881 589 Particulars Three months ended Year ended

Notes :

Segmental capital employed

Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities.

Profit before tax 3,367 3,885 4,479 15,853 13,980 Less : Tax expense (2,256) (502) (713) (4,684) (2,923) Profit for the period / year 1,111 3,977 3,172 11,169 11,057

( in crores)

Consolidated Balance Sheet of HCL Technologies Limited as per Ind AS:

			( in crores)
		As at	As at
	Particulars	31 March 2021	31 March 2020
		(Audited)	(Audited)

I.	ASSETS
	(1) Non-current assets
	(a) Property, plant and equipment	5,642	5,494
	(b) Capital work in progress	312	400
	(c) Right-of-use assets	2,410	2,648
	(d) Goodwill	17,192	16,154
	(e) Other intangible assets	11,901	13,194
	(f) Financial assets
	(i) Investments	89	77
	(ii) Others	2,569	2,373
	(g) Deferred tax assets (net)	1,181	2,317

	(h) Other non-current assets	1,847	1,829
	(2) Current assets
	(a) Inventories	94	91
	(b) Financial assets
	(i) Investments	6,773	6,989
	(ii) Trade receivables	13,663	14,131
	(iii) Cash and cash equivalents	6,521	4,848
	(iv) Other bank balances	2,367	128
	(v) Loans	4,841	3,422
	(vi) Others	5,889	5,937
	(c) Current tax assets (net)	131	157
	(d) Other current assets	2,772	2,717

	TOTAL ASSETS	86,194	82,906
	II. EQUITY
	(a) Equity share capital	543	543
	(b) Other equity	59,370	50,724

	Equity attributable to shareholders of the Company	59,913	51,267
	Non controlling interest	169	154
	TOTAL EQUITY	60,082	51,421

	III. LIABILITIES
	(1) Non - current liabilities
	(a) Financial liabilities
	(i) Borrowings	3,828	2,848
	(ii) Lease liabilities	1,903	2,179
	(iii) Others	973	1,194
	(b) Provisions	1,333	1,048
	(c) Deferred tax liabilities (net)	147	87
	(d) Other non-current liabilities	545	399
	(2) Current liabilities

	(a) Financial liabilities
	(i) Borrowings	-	1,845
	(ii) Trade payables	1,726	1,166
	(iii) Lease liabilities	691	715
	(iv) Others	8,421	14,340
	(b) Other current liabilities	4,299	3,889
	(c) Provisions	963	706
	(d) Current tax liabilities (net)	1,283	1,069

	TOTAL EQUITY AND LIABILITIES	86,194	82,906

Consolidated Statement of Cash Flows of HCL Technologies Limited as per Ind AS:

31 March 2021 (Audited) 31 March 2020 (Audited) A. Cash flows from operating activities Profit before tax 15,853 13,980 Adjustment for: Depreciation, amortization and impairment expense 4,611 3,420 Interest income (645) (441) Provision for doubtful debts / bad debts written off (net) 19 200 Income on investments carried at fair value through profit and loss (97) (94) Profit on sale of investments carried at fair value through other comprehensive income (3) (16) Interest expense 298 251 Profit on sale of property, plant and equipment (net) (102) - Other non cash charges (net) 88 177 17,477 20,022 Net change in Trade receivables 633 (1,957) Inventories 72 24 Other financial assets and other assets 344 (1,229) Trade payables 538 (208) Provisions, other financial liabilities and other liabilities 1,454 1,810 Cash generated from operations 15,917 23,063 Direct taxes paid (net of refunds) (3,445) (2,558) Net cash flow from operating activities (A) 13,359 19,618 B. Cash flows from investing activities Investments in bank deposits (2,427) (265) Proceeds from bank deposits on maturity 188 2,074 Purchase of investments in securities (20,792) (35,420) Proceeds from sale/maturity of investments in securities 21,109 30,785 Investment in equity instruments (3) (15) Deposits placed with body corporates (6,641) (5,015) Proceeds from maturity of deposits placed with body corporates 5,219 3,261 Payments for business acquisitions, net of cash acquired (1,211) (6,091) Purchase of non-controlling interest (12) Investment in limited liability partnership (4) (3) Distribution from limited liability partnership - 1 Purchase of property, plant and equipment and intangibles (1,904) (1,866) Proceeds from sale of property, plant and equipment 151 37 Interest received 676 282 Income taxes paid (91) (139) Net cash flow used in investing activities (B) (12,374) (5,742) C. Cash flows from financing activities Proceeds from long term borrowings 3,752 152 Repayment of long term borrowings (3,262) (394) Proceeds from short term borrowings 815 933 Repayment of short term borrowings (1,556) (937) Payments for deferred and contingent consideration on business acquisitions (6,518) (295) Dividend paid (3,256) (1,357) Corporate dividend tax - (268) Interest paid (139) (136) Payment of lease liabilities including interest (1,016) (866) Net cash flow used in financing activities (C) (3,168) (11,180) Net increase (decrease) in cash and cash equivalents (A+B+C) 2,696 (2,183) Effect of exchange differences on cash and cash equivalents held in foreign currency 42 65 Cash and cash equivalents at the beginning of the year 3,760 5,901 Particulars Year ended

Notes :

The total amount of income taxes paid is 3,536 crores ( 31 March 2020, 2,697 crores ).
Cash and cash equivalents includes investor education and protection fund-unclaimed dividend of 6 crores ( 31 March 2020, 5 Crores).

3 Cash and cash equivalents consists of the following for the purpose of the cash flow statement:

		( in crores)
		Year ended
	31 March 2021	31 March 2020
Cash and cash equivalent	6,521	4,848
Bank overdraft	-	(1,088)
Cash and cash equivalents as per cash flow statements	6,521	3,760

Cash and cash equivalents at the end of the year (refer note 3 below) 3,760 6,521

( in crores)

Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS:

31 March 2021 (Audited) 31 December 2020 (Unaudited) 31 March 2020 (Audited) Refer note 4 31 March 2021 (Audited) 31 March 2020 (Audited) Refer note 4 I Revenue Revenue from operations 9,249 9,404 9,067 35,673 32,666 Other income 250 218 161 965 613 Total income 9,622 9,499 9,228 36,638 33,279 II Expenses Purchase of stock-in-trade 17 60 51 142 151 Changes in inventories of stock-in-trade 7 1 4 (3) 3 Employee benefits expense 3,378 2,886 2,631 11,749 9,955 Finance costs 20 64 68 177 240 Depreciation, amortization and impairment expense 784 719 601 2,813 1,959 Outsourcing costs 2,302 1,802 2,160 7,515 7,215 Other expenses 532 448 642 1,835 2,578 Total expenses 7,040 6,157 5,980 24,228 22,101 III Profit before tax 2,459 3,071 3,642 12,410 11,178 IV Tax expense Current tax 757 657 490 2,480 1,968 Deferred tax charge/ (credit) 1,246 (412) 78 1,187 241 Total tax expense 2,003 245 568 3,667 2,209 V Profit for the period / year 456 2,503 3,397 8,743 8,969 VI Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss 49 - (80) 43 (81) (ii) Income tax on items that will not be reclassified to statement of profit and loss (17) 5 17 (11) 18 (B) (i) Items that will be reclassified subsequently to statement of profit and loss 129 71 (382) 652 (514) (ii) Income tax on items that will be reclassified to statement of profit and loss (57) (30) 68 (164) 91 Total other comprehensive income (loss) 104 46 (377) 520 (486) - VII Total comprehensive income for the period / year 560 2,126 3,443 9,263 8,483 Earnings per equity share of ₹ 2 each Basic (in ) 1.68 12.52 9.22 32.22 33.06 Diluted (in ) 1.68 12.52 9.22 32.22 33.05 Dividend per equity share of ₹ 2 each Interim dividend paid (in ) 4 4 2 10 5 Final dividend paid (in ) - 2 - 2 - Three months ended Particulars Year ended

( in crores)

Standalone Balance Sheet of HCL Technologies Limited as per Ind AS:

			( in crores)
	Particulars	As at 31 March 2021 (Audited)	As at 31 March 2020 (Audited)
			Refer note 4
I.	ASSETS
	(1) Non-current assets
	(a) Property, plant and equipment	3,608	3,549
	(b) Capital work in progress	245	311
	(c) Right-of-use assets	894	1,036
	(d) Goodwill	6,549	6,418
	(e) Other intangible assets	9,854	11,640
	(f) Financial assets
	(i) Investments	5,041	4,154
	(ii) Others	359	314
	(g) Deferred tax assets (net)	668	2,030
	(h) Other non-current assets	429	542
	(2) Current assets
	(a) Inventories	18	15
	(b) Financial assets
	(i) Investments	6,605	6,885
	(ii) Trade receivables	5,217	7,525
	(iii) Cash and cash equivalents	2,876	1,294
	(iv) Other bank balances	2,180	-
	(v) Loans	4,841	3,445
	(vi) Others	5,294	3,907
	(c) Current tax assets (net)	1	2
	(d) Other current assets	682	771
	TOTAL ASSETS	55,361	53,838
	II. EQUITY
	(a) Equity share capital	543	543
	(b) Other equity	43,010	37,003
	TOTAL EQUITY	43,553	37,546

	III. LIABILITIES
	(1) Non - current liabilities
	(a) Financial liabilities
	(i) Borrowings	207	160
	(ii) Lease liabilities	574	680
	(iii) Others	3	553
	(b) Provisions	866	779
	(c) Other non-current liabilities	139	115
	(2) Current liabilities
	(a) Financial liabilities
	(i) Trade payables
	1. Dues of micro enterprises and small enterprises	5	-
	2. Dues of creditors other than micro enterprises and small enterprises	2,702	2,272
	(ii) Lease liabilities	144	157
	(iii) Others	3,459	8,886
	(b) Other current liabilities	2,693	1,814
	(c) Provisions	227	171
	(d) Current tax liabilities (net)	789	705
	TOTAL EQUITY AND LIABILITIES	55,361	53,838

Standalone Statement of Cash Flows of HCL Technologies Limited as per Ind AS:

	Year ended
	31 March 2021	31 March 2020
Particulars	(Audited)	(Audited)
		Refer note 4
A. Cash flows from operating activities

Profit before tax	12,410	11,178
Adjustment for:
Depreciation, amortization and impairment expense	2,813	1,959
Interest income	(551)	(426)
Dividend income from subsidiaries	(63)	(47)
Provision for doubtful debts / bad debts (written back) written off (net)	(12)	91
Income on investments carried at fair value through profit and loss	(88)	(119)
Profit on sale of investments carried at fair value through other comprehensive income	(3)	(16)
Profit on sale of investment in subsidiary carried at cost	(1)	-
Interest expense	113	76
Profit on sale of property, plant and equipment (net)	(109)	(1)
Other non cash charges (net)	76	126
	14,585	12,821
Net change in
Trade receivables	2,296	(1,305)
Inventories	(1)	9
Other financial assets and other assets	(947)	12
Trade payables	424	(97)
Provisions, other financial liabilities and other liabilities	1,758	176
Cash generated from operations	18,115	11,616
Direct taxes paid (net of refunds)	(2,350)	(1,705)
Net cash flow from operating activities (A)	15,765	9,911

B. Cash flows from investing activities
Investments in bank deposits	(2,180)	-
Proceeds from bank deposits on maturity	-	1,750
Purchase of investments in securities	(20,320)	(35,073)
Proceeds from sale/maturity of investments in securities	20,728	30,454
Deposits placed with body corporates	(6,641)	(4,976)
Proceeds from maturity of deposits placed with body corporates	5,219	3,221
Payments for business acquisitions, net of cash acquired	(367)	(5,340)
Purchase of property, plant and equipment and intangibles	(817)	(941)
Proceeds from sale of property, plant and equipment	132	12
Investment in the subsidiaries	(887)	(399)
Proceeds from sale of investment in subsidiary	1	-
Proceeds from loans extended to subsidiaries	26	-
Loan given to subsidiary	-	(15)
Dividend received from subsidiaries	63	47
Interest received	585	257
Income taxes paid	(90)	(137)
Net cash flow used in investing activities (B)	(4,548)	(11,140)
C. Cash flows from financing activities
Proceeds from long term borrowings	68	152
Repayment of long term borrowings	(24)	(30)
Proceeds from short term borrowings	75	221
Repayment of short term borrowings	(75)	(221)
Proceeds from loan taken from subsidiary	-	1
Repayment of loan taken from subsidiary	-	(1)
Payments for deferred and contingent consideration on business acquisitions	(6,216)	(285)
Dividend paid	(3,256)	(1,357)
Corporate dividend tax	-	(268)
Interest paid	(4)	(11)
Payment of lease liabilities including interest	(217)	(198)
Net cash flow used in financing activities (C)	(9,649)	(1,997)

Net decrease in cash and cash equivalents (A+B+C)	1,568	(3,226)
Effect of exchange differences on cash and cash equivalents held in foreign currency	14	(8)
Cash and cash equivalents at the beginning of the year	1,294	4,528
Cash and cash equivalents at the end of the year	2,876	1,294

Notes :

The total amount of income taxes paid is 2,440 crores (31 March 2020, 1,842 crores ).
Cash and cash equivalents includes investor education and protection fund-unclaimed dividend of 6 crores ( 31 March 2020, 5 crores ).

( in crores)

Notes :

1 The consolidated and the standalone financial results for the three months and year ended 31 March 2021 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 23 April 2021. The statutory auditors have issued unmodified audit report on these results.
2 The Board of Directors has declared 1st Interim Dividend of 6/- per equity share of 2/- each and a Special interim dividend of 10/- per equity share of 2/- each for FY 2021-22. The Special Interim Dividend has been declared by the Board in recognition of the Company's recent milestone, crossing the \$10 Billion mark in Revenue during FY'21.
3 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
4 The Hon'ble National Company Law Tribunal of New Delhi and Bengaluru have approved the Scheme of Amalgamation providing for the merger of four direct /step-down wholly-owned subsidiaries engaged in providing IT and IT related services viz. HCL Eagle Limited, HCL Comnet Limited, HCL Technologies Solutions Limited and Concept2Silicon Systems Private Limited (the "Transferor companies") with and into HCL Technologies Limited (the "Transferee company") with effect from 01 April 2019, the appointed date. The scheme has become effective on 13 July 2020 on filing of the certified true copy of the Orders of the Delhi and the Bengaluru NCLT with the Registrar of Companies on 13 March 2020 and 13 July 2020 respectively.

Since the Transferor Companies are the wholly-owned subsidiaries of the Transferee Company, there will be no issue and allotment of shares as consideration. The difference between the amounts recorded as investments of the Company (Transferee Company) and the amount of share capital of the aforesaid amalgamating subsidiaries (Transferor Companies) has been adjusted in the Common Control Transaction Capital Reserve. The comparative results have been restated for all period presented as per guidance under Appendix C of Ind AS 103 "Business Combinations".

The impact of the scheme is not material on the standalone financial results of the company.

5 Employee benefit expenses for the three months and year ended 31 March 2021 for the Company and the Group includes 243 crores and 728 crores respectively, being the one-time special bonus paid to employees in recognition of achieving the \$10 Billion revenue mark in year ended 31 March 2021.
6 Current tax expense for the three months ended 31 March 2021 includes 419 crores being the tax impact of goodwill taken out of purview of tax depreciation w.e.f. 1 April 2020 by Finance Bill enacted in March 2021. Also deferred tax expense for the three months and year ended 31 March 2021 includes 914 crores and 1,222 crores respectively being the Deferred Tax Liabilities recognized by the Company on difference between book basis and tax basis of goodwill consequent upon enactment of above provisions.
7 On 10 March 2021, the Company through its susbsidiary issued USD 500 million unsecured notes due 2026 (the "notes") for 3,656 crores. The notes bear interest at a rate of 1.375% per annum and will mature on 10 March 2026. Interest on the Notes will be paid semi-annually on 10 March and 10 September of each year, commencing from 10 September 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST). The notes were issued at the discount price of 99.510% against par value and has an effective interest rate of 1.58% p.a. after considering the issue expenses and discount of ` 35 crores.
8 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the group towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and the final rules are yet to be framed. The Group will carry out an evaluation of the impact and record the same in the financial statements in the period in which the Code becomes effective and the related rules are published.
9 The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to 31 March 2021 and the unaudited published year-to-date figures up to 31 December 2020 being the date of the end of the third quarter of the financial year which were subjected to a limited review.
10 As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results.

11 The disclosure in respect of standalone financial results as per SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018 with respect to identification of Large Corporate in the prescribed format of Annexure "A" and Annexure "B1" are as follows:

Annexure "A" Initial Disclosure to be made by entity identified as a Large corporate

Particulars	Details
Name of the Company	HCL Technologies Limited
CIN	L74140DL1991PLC046369
Outstanding borrowing as on 31 March 2021	225 Crores
Highest Credit Rating during the previous FY along with the name of the Credit Rating Agency	"AAA" ICRA Limited
Name of the Stock Exchange in which the fine shall be paid, in case of shortfall in the required borrowing under the framework	National Stock Exchange of India Limited

We confirm that we are a Large Corporate as per the applicability criteria given under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018.

Annexure "B1" Annual Disclosure to be made by entity identified as a Large corporate

1. Name of the company	: HCL Technologies Limited

1. CIN : L74140DL1991PLC046369
Report filed for FY : FY 2020-21
Details of borrowings (all figures in crores) :

S. No.	Particulars	Details
i	Incremental borrowing * done in FY (a)	68
ii	Mandatory borrowing to be done through issuance of debt (b) = (25% of a)	17
iii	Actual borrowings done through debt securities in FY (c)	Nil
iv	Shortfall in the mandatory borrowing through debt securities, if any (d) = (b) - (c) { if	17
	the calculated value is zero or negative, write "nil"}
	Reason for short fall, if any, in mandatory borrowings through debt securities	All new long term borrowings during the year
		have been made from the existing term loan
v		arrangement that was sanctioned in FY'20 for
		funding needs for a specific project. The
		Company has not entered into any new
		borrowing arrangement during FY'21.

*Incremental borrowings mean any borrowing done during a particular financial year, of original maturity of more than 1 year, irrespective of whether such borrowing is for refinancing/repayment of existing debt or otherwise and shall exclude external commercial borrowings and intercorporate borrowings between a parent and subsidiary(ies).

By the order of the Board of Directors for HCL Technologies Limited

SHIV NADAR

Digitally signed by SHIV NADAR Date: 2021.04.23 16:33:20 +05'30'

Noida (UP), India 23 April 2021

Vijayakumar Digitally signed by C. Vijayakumar Date: 2021.04.23 07:04:34 -04'00'

Shiv Nadar C. Vijayakumar Prateek Aggarwal Chief Strategy Officer President and Chief Executive Officer Chief Financial Officer

PRATEEK AGGARW AL Digitally signed by PRATEEK AGGARWAL Date: 2021.04.23 16:33:32 +05'30'

April 23, 2021

To The Manager Department of Corporate Services- Listing BSE Limited P. J. Towers, Dalal Street Mumbai-400001 BSE Scrip Code: 532281

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra- Kurla Complex Bandra (East) Mumbai-500051 NSE- Symbol- HCLTECH

Sub: Declaration under Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sirs,

In compliance with the provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016, vide notification no. SEBI/LAD-NRO/GN/2016-17/001 dated May 25, 2016 and Circular No. Cir/CFD/CMD/56/2016 dated May 27, 2016, We, hereby declare that M/s. B S R & Co. LLP, Statutory auditors of the Company have issued an Audit Report with unmodified opinion on the Audited (Standalone & Consolidated) Financial results of the Company for the quarter and year ended March 31, 2021.

For HCL Technologies Limited

SHIV NADAR Digitally signed by SHIV NADAR Date: 2021.04.23 16:37:22 +05'30'

Shiv Nadar Managing Director & Chief Strategy Officer Place: New Delhi, India

PRATEEK AGGARWAL Digitally signed by PRATEEK AGGARWAL Date: 2021.04.23 16:37:42 +05'30'

Prateek Aggarwal Chief Financial Officer Place: Noida, India

C. Vijayaku mar Digitally signed by C. Vijayakumar Date: 2021.04.23 07:08:57 -04'00'

C. Vijayakumar President & Chief Executive Officer Place: Cary, USA

PRAHLAD RAI BANSAL Digitally signed by PRAHLAD RAI BANSAL Date: 2021.04.23 16:38:16 +05'30'

Prahlad Rai Bansal Deputy Chief Financial Officer Place: Delhi, India

B S R & Co. LLP

Chartered Accountants

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase-II Gurugram- 122 002, India

Telephone: +91 124 719 1000 Fax: +91 124 235 8613

INDEPENDENT AUDITORS' REPORT

TO THE BOARD OF DIRECTORS OF HCL Technologies Limited

Report on the audit of the Consolidated Annual Financial Results

Opinion

We have audited the accompanying consolidated annual financial results of HCL Technologies Limited (hereinafter referred to as the ''Holding Company") and its subsidiaries listed in Annexure 1 (Holding Company and its subsidiaries together referred to as "the Group"), for the year ended 31 March 2021 ("consolidated annual financial results"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated annual financial results:

a. include the annual financial results of the entities listed in Annexure 1
b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of consolidated net profit and other comprehensive income and other financial information of the Group for the year ended 31 March 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.

Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

These consolidated annual financial results have been prepared on the basis of the consolidated annual financial statements.

The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the consolidated net profit/ loss and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the entities included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each entity and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Management and the Directors of the Holding Company, as aforesaid.

In preparing the consolidated annual financial results, the Management and the respective Board of Directors of the entities included in the Group are responsible for assessing the ability of each entity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the entities included in the Group is responsible for overseeing the financial reporting process of each entity.

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of consolidated financial statements on whether the entity has adequate internal financial controls with reference to consolidated financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financial results made by the Management and Board of Directors of the Holding Company.
Conclude on the appropriateness of the Management's and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision and performance of the audit of financial information of entities included in the consolidated annual financial results. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated annual financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matter

The consolidated annual financial results include the results for the quarter ended 31 March 2021 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

Our opinion on the consolidated annual financial results is not modified in respect of this matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.101248W/W-100022

Rakesh Dewan Digitally signed by Rakesh Dewan Date: 2021.04.23 16:42:30 +05'30'

Rakesh Dewan Partner Place: Gurugram Membership Number: 092212 Date: 23 April 2021 ICAI UDIN: 21092212AAAAAP4563

Annexure 1

HCL Technologies Limited

List of Entities included in the consolidated annual financial results

1. HCL Comnet Systems and Services Limited.
1. HCL Software Products Limited (Formerly known as HCL Global Processing Services Ltd.)
1. HCL Bermuda Limited
1. HCL Great Britain Limited
1. HCL GmbH
1. HCL Australia Services Pty. Limited
1. HCL (New Zealand) Limited
1. HCL Hong Kong SAR Limited
1. HCL Japan Limited
1. HCL America Inc.
1. HCL Technologies Austria GmbH
1. HCL Singapore Pte. Ltd.
1. HCL Poland sp. z o.o
1. HCL Technologies (Shanghai) Limited
1. HCL EAS Limited.
1. Axon Group Limited.
1. HCL Canada Inc. (Formerly known as HCL Axon Technologies Inc.)
1. HCL Technologies Solutions Gmbh
1. Axon Solutions Pty. Limited
1. Axon Solutions Limited
1. HCL Technologies Malaysia Sdn. Bhd. . (Formerly known as HCL Axon Malaysia Sdn. Bhd.)
1. Axon Solutions (Shanghai) Co. Ltd.
1. HCL Technologies (Proprietary) Ltd. (Formerly known as HCL Axon (Proprietary) Ltd.)
1. HCL Insurance BPO Services Limited
1. HCL Argentina s.a.
1. HCL Mexico S. de R.L.
1. HCL Technologies Romania s.r.l.
1. HCL Hungary kft
1. HCL Latin America Holding LLC
1. HCL (Brazil) Technologia da informacao EIRELI (Formerly known as HCL (Brazil) Technologia da informacao Ltda.)
1. HCL Technologies Denmark Aps
1. HCL Technologies Norway AS
1. PT HCL Technologies Indonesia Limited
1. HCL Technologies South Africa (Proprietary) Limited
1. HCL Arabia LLC
1. HCL Technologies Philippines, Inc
1. HCL Technologies France SAS
1. Filial Espanola De HCL Technologies S.L.
1. Anzospan Investments Pty. Ltd
1. HCL Investments (UK) Ltd.
1. HCL America Solutions Inc.
1. HCL Technologies Chile SPA
1. HCL Technologies UK Ltd.

Annexure 1 (contd.)

1. HCL Technologies B.V.
1. HCL Technologies Germany GmbH
1. HCL (Ireland) Information Systems Ltd.
1. HCL Technologies Finland Oy
1. HCL Technologies Belgium BVBA
1. HCL Technologies Sweden AB
1. HCL Technologies Italy S.P.A.
1. HCL Technologies Columbia S.A.S.
1. HCL Technologies Middle East FZ-LLC
1. HCL Technologies Greece Single Member P.C.
1. HCL Istanbul Bilisim Teknolojileri Limited Sirketi
1. HCL Technologies Egypt Ltd
1. HCL Technologies S.A.
1. HCL Technologies Luxembourg SARL
1. HCL Technologies Beijing Co. Ltd.
1. HCL Technologies (Thailand) Limited
1. HCL Technologies Estonia OU
1. HCL Technologies Czech Republic S.R.O.
1. HCL Training & Staffing Services Private Limited
1. HCL Muscat Technologies LLC
1. Point to Point Limited
1. Point to Point Products Limited
1. HCL Technologies Lithuania UAB
1. HCL Technologies (Taiwan) Ltd.
1. Geometric Americas, Inc.
1. Butler America Aerospace LLC
1. HCL Asia Pacific Pte. Ltd (Formerly known as Geometric Asia Pacific Pte. Ltd.)
1. Geometric Europe GmbH
1. Geometric China Inc.
1. Geometric SRL
1. HCL Technologies Corporate Services Limited
1. Urban Fulfilment Services, LLC
1. Datawave (An HCL Technologies Company) Limited
1. Telerx Marketing Inc.
1. C3i Europe Eood
1. C3i Services &Technologies (Dalian) Co., Ltd
1. C3i Japan GK
1. C3i (UK) Limited
1. C3i Support Services Private Limited.
1. HCL Technologies Vietnam Company Limited
1. HCL Technologies SEP Holdings Inc.
1. Actian Corporation.
1. Pervasive Software, Inc.
1. Actian Netherlands B.V.
1. Actian International, Inc.
1. Actian Technology Private Limited
1. Actian Australia Pty. Limited
1. Actian Europe Limited
1. Actian Germany GmbH
1. Actian France
1. Versant Software LLC
1. Versant GmbH

Annexure 1 (contd.)

1. Versant India Private Limited
1. Hönigsberg & Düvel Datentechnik GmbH
1. H&D IT Solutions GmbH
1. H&D Business Services GmbH
1. H&D Training and Consulting GmbH
1. H&D IT Professional Services GmbH
1. H&D IT Automotive Services GmbH
1. qmo-it GmbH
1. H&D Services for Engineering GmbH
1. H&D International GmbH
1. CATIS GmbH
1. H&D ITAS Application Services GmbH
1. H&D ITAS Client Services GmbH
1. H&D ITAS Süd GmbH
1. H&D ITAS Infrastructure Services GmbH
1. CA Management Services GmbH
1. HCL Guatemala, Sociedad Anónima
1. Statestreet HCL Holding UK Limited
1. Statestreet HCL Services (Philippines) Inc.
1. Statestreet HCL Services (India) Private Limited
1. HCL Technologies Stock Options Trust
1. HCL Technologies Trinidad and Tobago Limited
1. HCL Technologies Azerbaijan Limited Liability Company
1. Sankalp Semiconductor Private Limited
1. Sankguj Semiconductor Private Limited
1. Sankalp Semiconductor SDN.BHD.
1. Sankalp USA Inc.
1. Sankalp Semiconductor Inc.
1. Sankalp Semiconductor GmbH.
1. Sankalp Stock Trust.
1. HCL Technologies Bulgaria EOOD
1. H C L Technologies Lanka (Private) Limited
1. HCL Vietnam Company Limited (Formerly known as HCL Technologies (Vietnam) Company Limited)
1. HCL TECHNOLOGIES ANGOLA (SU), LDA
1. HCL Technologies SAC
1. DWS Limited
1. DWS (New Zealand) Ltd
1. Phoenix IT & T Consulting Pty Ltd
1. Wallis Nominees (Computing) Pty Ltd
1. DWS (NSW) Pty Ltd
1. Symplicit Pty Ltd
1. Projects Assured Pty Ltd
1. DWS Product Solutions Pty Ltd
1. Graeme V Jones & Associates Pty Ltd
1. Strategic Data Management Pty Ltd
1. SDM Sales Pty Ltd
1. HCL Software Limited (Formerly "HCL Foundation")

Chartered Accountants

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase-II Gurugram- 122 002, India

Telephone: +91 124 719 1000 Fax: +91 124 235 8613

INDEPENDENT AUDITORS' REPORT

TO THE BOARD OF DIRECTORS OF HCL Technologies Limited

Report on the audit of the Standalone Annual Financial Results

Opinion

We have audited the accompanying standalone annual financial results of HCL Technologies Limited (hereinafter referred to as the "Company") for the year ended 31 March 2021 ('standalone annual financial results'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the year ended 31 March 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion on the Standalone annual financial results.

Management's and Board of Directors' Responsibilities for the Standalone Annual Financial Results

These standalone annual financial results have been prepared on the basis of the standalone annual financial statements.

The Company's Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of standalone financial statements on whether the company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Other Matter

The standalone annual financial results include the results for the quarter ended 31 March 2021 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

Our opinion on the standalone annual financial results is not modified in respect of this matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.101248W/W-100022

Rakesh Dewan Digitally signed by Rakesh Dewan Date: 2021.04.23 16:44:04 +05'30'

Rakesh Dewan

Partner Place: Gurugram Membership Number: 092212 Date: 23 April 2021 ICAI UDIN: 21092212AAAAAO7584

Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS:

	( in crores)
			Three months ended			Year ended
		31 March	31 December	31 March	31 March	31 March
	Particulars	2021	2020	2020	2021	2020
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
I	Revenue
	Revenue from operations	19,641	19,302	18,587	75,379	70,676
	Other income	244	189	147	927	589
	Total income	19,885	19,491	18,734	76,306	71,265
II	Expenses
	Purchase of stock-in-trade	334	556	403	1,698	1,536
	Changes in inventories of stock-in-trade	59	(47)	102	(3)	-
	Employee benefits expense	10,871	9,447	9,083	38,853	34,928
	Finance costs	159	147	124	511	505
	Depreciation, amortization and impairment expense	1,267	1,187	996	4,611	3,420
	Outsourcing costs	2,644	2,616	2,497	10,158	10,700
	Other expenses	1,184	1,106	1,644	4,625	6,196
	Total expenses	16,518	15,012	14,849	60,453	57,285
III	Profit before tax	3,367	4,479	3,885	15,853	13,980
IV	Tax expense
	Current tax	1,169	930	739	3,719	2,821
	Deferred tax charge/(credit)	1,087	(428)	(26)	965	102
	Total tax expense	2,256	502	713	4,684	2,923
V	Profit for the period / year	1,111	3,977	3,172	11,169	11,057
VI	Other comprehensive income (loss)
	(A) (i) Items that will not be reclassified to statement of profit and loss	39	-	(81)	33	(85)
	(ii) Income tax on items that will not be reclassified to statement of
	profit and loss	(16)	5	16	(10)	18
	(B) (i) Items that will be reclassified subsequently to statement of profit
	and loss	43	427	79	913	441
	(ii) Income tax on items that will be reclassified to statement of profit
	and loss	(68)	(32)	82	(178)	105
	Total other comprehensive income (loss)	(2)	400	96	758	479
	VII Total comprehensive income for the period / year	1,109	4,377	3,268	11,927	11,536
	Profit for the period / year attributable to
	Shareholders of the Company	1,102	3,969	3,172	11,145	11,057
	Non-controlling interest	9	8	-	24	-
		1,111	3,977	3,172	11,169	11,057

	Total comprehensive income for the period / year attributable to
	Shareholders of the Company	1,102	4,370	3,260	11,908	11,525
	Non-controlling interest	7	7	8	19	11
		1,109	4,377	3,268	11,927	11,536
	Earnings per equity share of ₹ 2 each
	Basic (in )	4.06	14.63	11.69	41.07	40.75
	Diluted (in )	4.06	14.63	11.69	41.07	40.75

	Dividend per equity share of ₹ 2 each
	Interim dividend paid (in )	4	4	2	10	5
	Final dividend paid (in )	-	2	-	2	-

Segment Information of Consolidated Financial Results as per Ind AS :

Notes :

Segmental capital employed

Profit before tax 3,367 3,885 4,479 15,853 13,980 Less : Tax expense (2,256) (502) (713) (4,684) (2,923) Profit for the period / year 1,111 3,977 3,172 11,169 11,057

( in crores)

Consolidated Balance Sheet of HCL Technologies Limited as per Ind AS:

			( in crores)
		As at	As at
	Particulars	31 March 2021	31 March 2020
		(Audited)	(Audited)

I.	ASSETS
	(1) Non-current assets
	(a) Property, plant and equipment	5,642	5,494
	(b) Capital work in progress	312	400
	(c) Right-of-use assets	2,410	2,648
	(d) Goodwill	17,192	16,154
	(e) Other intangible assets	11,901	13,194
	(f) Financial assets
	(i) Investments	89	77
	(ii) Others	2,569	2,373
	(g) Deferred tax assets (net)	1,181	2,317

	(h) Other non-current assets	1,847	1,829
	(2) Current assets
	(a) Inventories	94	91
	(b) Financial assets
	(i) Investments	6,773	6,989
	(ii) Trade receivables	13,663	14,131
	(iii) Cash and cash equivalents	6,521	4,848
	(iv) Other bank balances	2,367	128
	(v) Loans	4,841	3,422
	(vi) Others	5,889	5,937
	(c) Current tax assets (net)	131	157
	(d) Other current assets	2,772	2,717

	TOTAL ASSETS	86,194	82,906
	II. EQUITY
	(a) Equity share capital	543	543
	(b) Other equity	59,370	50,724

	Equity attributable to shareholders of the Company	59,913	51,267
	Non controlling interest	169	154
	TOTAL EQUITY	60,082	51,421

	III. LIABILITIES
	(1) Non - current liabilities
	(a) Financial liabilities
	(i) Borrowings	3,828	2,848
	(ii) Lease liabilities	1,903	2,179
	(iii) Others	973	1,194
	(b) Provisions	1,333	1,048
	(c) Deferred tax liabilities (net)	147	87
	(d) Other non-current liabilities	545	399
	(2) Current liabilities

	(a) Financial liabilities
	(i) Borrowings	-	1,845
	(ii) Trade payables	1,726	1,166
	(iii) Lease liabilities	691	715
	(iv) Others	8,421	14,340
	(b) Other current liabilities	4,299	3,889
	(c) Provisions	963	706
	(d) Current tax liabilities (net)	1,283	1,069

	TOTAL EQUITY AND LIABILITIES	86,194	82,906

Consolidated Statement of Cash Flows of HCL Technologies Limited as per Ind AS:

Notes :

The total amount of income taxes paid is 3,536 crores ( 31 March 2020, 2,697 crores ).
Cash and cash equivalents includes investor education and protection fund-unclaimed dividend of 6 crores ( 31 March 2020, 5 Crores).

3 Cash and cash equivalents consists of the following for the purpose of the cash flow statement:

		( in crores)
		Year ended
	31 March 2021	31 March 2020
Cash and cash equivalent	6,521	4,848
Bank overdraft	-	(1,088)
Cash and cash equivalents as per cash flow statements	6,521	3,760

Cash and cash equivalents at the end of the year (refer note 3 below) 3,760 6,521

( in crores)

Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS:

( in crores)

Standalone Balance Sheet of HCL Technologies Limited as per Ind AS:

			( in crores)
		As at	As at
		31 March 2021	31 March 2020
	Particulars	(Audited)	(Audited)
			Refer note 4
I.	ASSETS
	(1) Non-current assets
	(a) Property, plant and equipment	3,608	3,549
	(b) Capital work in progress	245	311
	(c) Right-of-use assets	894	1,036
	(d) Goodwill	6,549	6,418
	(e) Other intangible assets	9,854	11,640
	(f) Financial assets
	(i) Investments	5,041	4,154
	(ii) Others	359	314
	(g) Deferred tax assets (net)	668	2,030
	(h) Other non-current assets	429	542
	(2) Current assets
	(a) Inventories	18	15
	(b) Financial assets
	(i) Investments	6,605	6,885
	(ii) Trade receivables	5,217
	(iii) Cash and cash equivalents	2,876	7,525
	(iv) Other bank balances	2,180	1,294
			-
	(v) Loans	4,841	3,445
	(vi) Others	5,294	3,907
	(c) Current tax assets (net)	1	2
	(d) Other current assets	682	771
	TOTAL ASSETS	55,361	53,838
	II. EQUITY
	(a) Equity share capital	543
	(b) Other equity	43,010	543
	TOTAL EQUITY	43,553	37,003 37,546

	III. LIABILITIES
	(1) Non - current liabilities
	(a) Financial liabilities
	(i) Borrowings	207	160
	(ii) Lease liabilities	574	680
	(iii) Others	3	553
	(b) Provisions	866	779
	(c) Other non-current liabilities	139	115
	(2) Current liabilities
	(a) Financial liabilities
	(i) Trade payables
	1. Dues of micro enterprises and small enterprises	5
	2. Dues of creditors other than micro enterprises and small enterprises	2,702	-
	(ii) Lease liabilities	144	2,272
			157
	(iii) Others	3,459	8,886
	(b) Other current liabilities	2,693	1,814
	(c) Provisions	227	171
	(d) Current tax liabilities (net)	789	705
	TOTAL EQUITY AND LIABILITIES	55,361	53,838

Standalone Statement of Cash Flows of HCL Technologies Limited as per Ind AS:

	Year ended
	31 March 2021	31 March 2020
Particulars	(Audited)	(Audited)
		Refer note 4
A. Cash flows from operating activities

Profit before tax	12,410	11,178
Adjustment for:
Depreciation, amortization and impairment expense	2,813	1,959
Interest income	(551)	(426)
Dividend income from subsidiaries	(63)	(47)
Provision for doubtful debts / bad debts (written back) written off (net)	(12)	91
Income on investments carried at fair value through profit and loss	(88)	(119)
Profit on sale of investments carried at fair value through other comprehensive income	(3)	(16)
Profit on sale of investment in subsidiary carried at cost	(1)	-
Interest expense	113	76
Profit on sale of property, plant and equipment (net)	(109)	(1)
Other non cash charges (net)	76	126
	14,585	12,821
Net change in
Trade receivables	2,296	(1,305)
Inventories	(1)	9
Other financial assets and other assets	(947)	12
Trade payables	424	(97)
Provisions, other financial liabilities and other liabilities	1,758	176
Cash generated from operations	18,115	11,616
Direct taxes paid (net of refunds)	(2,350)	(1,705)
Net cash flow from operating activities (A)	15,765	9,911

B. Cash flows from investing activities
Investments in bank deposits	(2,180)	-
Proceeds from bank deposits on maturity	-	1,750
Purchase of investments in securities	(20,320)	(35,073)
Proceeds from sale/maturity of investments in securities	20,728	30,454
Deposits placed with body corporates	(6,641)	(4,976)
Proceeds from maturity of deposits placed with body corporates	5,219	3,221
Payments for business acquisitions, net of cash acquired	(367)	(5,340)
Purchase of property, plant and equipment and intangibles	(817)	(941)
Proceeds from sale of property, plant and equipment	132	12
Investment in the subsidiaries	(887)	(399)
Proceeds from sale of investment in subsidiary	1	-
Proceeds from loans extended to subsidiaries	26	-
Loan given to subsidiary	-	(15)
Dividend received from subsidiaries	63	47
Interest received	585	257
Income taxes paid	(90)	(137)
Net cash flow used in investing activities (B)	(4,548)	(11,140)
C. Cash flows from financing activities
Proceeds from long term borrowings	68	152
Repayment of long term borrowings	(24)	(30)
Proceeds from short term borrowings	75	221
Repayment of short term borrowings	(75)	(221)
Proceeds from loan taken from subsidiary	-	1
Repayment of loan taken from subsidiary	-	(1)
Payments for deferred and contingent consideration on business acquisitions	(6,216)	(285)
Dividend paid	(3,256)	(1,357)
Corporate dividend tax	-	(268)
Interest paid	(4)	(11)
Payment of lease liabilities including interest	(217)	(198)
Net cash flow used in financing activities (C)	(9,649)	(1,997)

Net decrease in cash and cash equivalents (A+B+C)	1,568	(3,226)
Effect of exchange differences on cash and cash equivalents held in foreign currency	14	(8)
Cash and cash equivalents at the beginning of the year	1,294	4,528
Cash and cash equivalents at the end of the year	2,876	1,294

Notes :

The total amount of income taxes paid is 2,440 crores (31 March 2020, 1,842 crores ).
Cash and cash equivalents includes investor education and protection fund-unclaimed dividend of 6 crores ( 31 March 2020, 5 crores ).

( in crores)

Notes :

1 The consolidated and the standalone financial results for the three months and year ended 31 March 2021 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 23 April 2021. The statutory auditors have issued unmodified audit report on these results.
2 The Board of Directors has declared 1st Interim Dividend of 6/- per equity share of 2/- each and a Special interim dividend of 10/- per equity share of 2/- each for FY 2021-22. The Special Interim Dividend has been declared by the Board in recognition of the Company's recent milestone, crossing the \$10 Billion mark in Revenue during FY'21.
3 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
4 The Hon'ble National Company Law Tribunal of New Delhi and Bengaluru have approved the Scheme of Amalgamation providing for the merger of four direct /step-down wholly-owned subsidiaries engaged in providing IT and IT related services viz. HCL Eagle Limited, HCL Comnet Limited, HCL Technologies Solutions Limited and Concept2Silicon Systems Private Limited (the "Transferor companies") with and into HCL Technologies Limited (the "Transferee company") with effect from 01 April 2019, the appointed date. The scheme has become effective on 13 July 2020 on filing of the certified true copy of the Orders of the Delhi and the Bengaluru NCLT with the Registrar of Companies on 13 March 2020 and 13 July 2020 respectively.

The impact of the scheme is not material on the standalone financial results of the company.

5 Employee benefit expenses for the three months and year ended 31 March 2021 for the Company and the Group includes 243 crores and 728 crores respectively, being the one-time special bonus paid to employees in recognition of achieving the \$10 Billion revenue mark in year ended 31 March 2021.
6 Current tax expense for the three months ended 31 March 2021 includes 419 crores being the tax impact of goodwill taken out of purview of tax depreciation w.e.f. 1 April 2020 by Finance Bill enacted in March 2021. Also deferred tax expense for the three months and year ended 31 March 2021 includes 914 crores and 1,222 crores respectively being the Deferred Tax Liabilities recognized by the Company on difference between book basis and tax basis of goodwill consequent upon enactment of above provisions.
7 On 10 March 2021, the Company through its susbsidiary issued USD 500 million unsecured notes due 2026 (the "notes") for 3,656 crores. The notes bear interest at a rate of 1.375% per annum and will mature on 10 March 2026. Interest on the Notes will be paid semi-annually on 10 March and 10 September of each year, commencing from 10 September 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST). The notes were issued at the discount price of 99.510% against par value and has an effective interest rate of 1.58% p.a. after considering the issue expenses and discount of ` 35 crores.
8 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the group towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and the final rules are yet to be framed. The Group will carry out an evaluation of the impact and record the same in the financial statements in the period in which the Code becomes effective and the related rules are published.
9 The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to 31 March 2021 and the unaudited published year-to-date figures up to 31 December 2020 being the date of the end of the third quarter of the financial year which were subjected to a limited review.
10 As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results.

Annexure "A" Initial Disclosure to be made by entity identified as a Large corporate

Particulars	Details
Name of the Company	HCL Technologies Limited
CIN	L74140DL1991PLC046369
Outstanding borrowing as on 31 March 2021	225 Crores
Highest Credit Rating during the previous FY along with the name of the Credit Rating Agency	"AAA" ICRA Limited
Name of the Stock Exchange in which the fine shall be paid, in case of shortfall in the required borrowing under the framework	National Stock Exchange of India Limited

We confirm that we are a Large Corporate as per the applicability criteria given under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018.

Annexure "B1" Annual Disclosure to be made by entity identified as a Large corporate

1. Name of the company	: HCL Technologies Limited

1. CIN : L74140DL1991PLC046369
Report filed for FY : FY 2020-21
Details of borrowings (all figures in crores) :

S. No.	Particulars	Details
i	Incremental borrowing * done in FY (a)	68
ii	Mandatory borrowing to be done through issuance of debt (b) = (25% of a)	17
iii	Actual borrowings done through debt securities in FY (c)	Nil
iv	Shortfall in the mandatory borrowing through debt securities, if any (d) = (b) - (c) { if	17
	the calculated value is zero or negative, write "nil"}
		All new long term borrowings during the year
		have been made from the existing term loan
v	Reason for short fall, if any, in mandatory borrowings through debt securities	arrangement that was sanctioned in FY'20 for
		funding needs for a specific project. The
		Company has not entered into any new
		borrowing arrangement during FY'21.

By the order of the Board of Directors for HCL Technologies Limited

SHIV NADAR

Digitally signed by SHIV NADAR Date: 2021.04.23 16:33:20 +05'30'

Noida (UP), India 23 April 2021

Vijayakumar Digitally signed by C. Vijayakumar Date: 2021.04.23 07:04:34 -04'00'

Shiv Nadar C. Vijayakumar Prateek Aggarwal Chief Strategy Officer President and Chief Executive Officer Chief Financial Officer

PRATEEK AGGARW AL Digitally signed by PRATEEK AGGARWAL Date: 2021.04.23 16:33:32 +05'30'

INVESTOR RELEASE

Noida, India, April 23rd , 2021

Revenue at US \$ 10,175 mn; up 2.4% YoY in US\$ and up 1.1% YoY in Constant Currency EBITDA margin at 26.6%; EBIT margin at 21.4% Net Income at US \$ 1,760 mn (Net Income margin at 17.3%) up 13.2% YoY

Revenue at **75,379 crores**; up **6.7%** YoY Net Income at 13,011 crores; up 17.6% YoY

Revenue at US \$ 2,696 mn; up 3.0% QoQ & up 6.0% YoY Revenue in Constant Currency; up 2.5% QoQ & up 2.6% YoY EBITDA margin at 26.1%; EBIT margin at 20.4% Net Income at US \$ 410 mn (Net Income margin at 15.2%) down 24.1% QoQ & down 5.1% YoY

Revenue at ` 19,642 crores; up 1.8% QoQ & up 5.7% YoY

Net Income at ` 2,962 crores; down 25.6% QoQ & down 6.1% YoY

All profits and margins above exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn ( \$78.8 mn net of tax); *728 crores (* 575 crores net of tax).

Revenue expected to grow in double digits in constant currency for FY'22.

EBIT margin expected to be between 19.0% and 21.0% for FY'22.

Financial Highlights	2
Corporate Overview	5
Performance Trends	6
Financials in US\$	21
Cash and Cash Equivalents, Investments & Borrowings	24
Revenue Analysis at Company Level	25
Constant Currency Reporting	26
Client Metrics	27
Headcount	27
Financials in `	28

Particulars Annual Fiscal Quarter Ended FY'21 Margin YoY 31-Mar-2021 Margin QoQ YoY Revenue 10,175 2.4% 2,696 3.0% 6.0% Revenue Growth (Constant Currency) 1.1% 2.5% 2.6% EBITDA¹ 2,711 26.6% 15.6% 703 26.1% -4.8% 8.7% EBIT¹ 2,173 21.4% 11.7% 549 20.4% -8.3% 3.4% Net Income¹ 1,760 17.3% 13.2% 410 15.2% -24.1% -5.1%

(Amount in ` Crores)

(Amount in US \$ Million)

	Annual Fiscal			Quarter Ended
Particulars	FY'21	Margin	YoY	31-Mar-2021	Margin	QoQ	YoY
Revenue	75,379		6.7%	19,642		1.8%	5.7%
EBITDA1	20,057	26.6%	20.1%	5,097	26.1%	-6.4%	8.0%
EBIT1	16,072	21.4%	16.0%	3,980	20.4%	-9.9%	2.5%
Net Income1	13,011	17.3%	17.6%	2,962	15.2%	-25.6%	-6.1%

Segment-wise Highlights

Quarter Ended 31-Mar-2021 Revenue Revenue Mix EBIT Margin¹ Growth (in constant currency) QoQ YoY IT and Business Services 1,937 71.9% 20.3% 4.4% 3.7% Engineering and R&D Services 408 15.1% 20.1% 0.7% -2.7% Products & Platforms 350 13.0% 20.8% -4.9% 3.3% Total 2,696 100.0% 20.4% 2.5% 2.6%

Financial Year Ended 31-Mar-2021	Revenue	Revenue Mix	EBIT Margin1	YoY Growth (in constant currency)
IT and Business Services	7,207	70.8%	20.0%	-0.6%
Engineering and R&D Services	1,585	15.6%	21.4%	-4.9%
Products & Platforms	1,382	13.6%	28.3%	20.5%
Total	10,175	100%	21.4%	1.1%

1. Exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn (\$78.8 mn net of tax); *728 crores (* 575 crores net of tax).

Mode 1-2-3 Highlights

					(Amount in US \$ Million)
Quarter Ended	Revenue	Revenue	EBIT	Growth (in constant currency)
31-Mar-2021		Mix	Margin1	QoQ	YoY
Mode 1	1,656	61.4%	20.3%	2.4%	-3.4%
Mode 2	630	23.4%	20.6%	7.4%	25.2%
Mode 3	410	15.2%	20.2%	-3.9%	0.0%
Total	2,696	100.0%	20.4%	2.5%	2.6%

Financial Year Ended 31-Mar-2021 Revenue Revenue Mix EBIT Margin¹ YoY Growth (in constant currency) Mode 1 6,333 62.2% 20.5% -6.1% Mode 2 2,228 21.9% 19.8% 18.8 % Mode 3 1,614 15.9% 26.9% 11.8 % Total 10,175 100% 21.4% 1.1%

The disclosure on Mode 1-2-3 EBIT margins will be discontinued with effect from Q1 FY'22.

1. Exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn (\$78.8 mn net of tax); *728 crores (* 575 crores net of tax).

Corporate Highlights.

1. HCL won 19 new large deals in Q4, FY'21 across industry verticals, including Financial Services, Life Sciences and Healthcare, consumer goods and manufacturing. In FY21, HCL signed a total of 58 new large deals led by industries such as Financial Services, Life Sciences and Healthcare, Telecommunication, Manufactruing and Technology.
1. New Deal TCV hit an all-time high this quarter at US \$ 3.1 B, increasing 49% YoY. For FY'21, New Deal TCV are US \$ 7.3 B, which is 18% increase over FY'20.
1. In FY'21, US \$ 50 mn+ clients increased by 5 on YoY basis, while in FY 20, US \$ 100 mn+ clients increased by 5, on YoY basis. The traction in US \$ 100 mn+ and US \$ 50 mn+ clients in the last two years is clearly reflective of remarkable success in account mining.
1. HCL received 2021 ESG (Environmental, Social, and Corporate Governance) Industry Top Rated Badge by Sustainalytics, a leading independent ESG and corporate governance research, ratings and analytics firm. HCL was ranked 15th out of 167 in the sub-industry IT consulting, 9th percentile, with an ESG Risk Rating score of 16.5 and ESG Rating score of 70.
1. Continuing its expansion in Canada, HCL announced the opening of an innovation center in Mississauga, Ontario. From this newest 350 seater global delivery center (GDC), HCL will deliver advanced technology solutions to its global client base, helping them accelerate their digital transformation journeys.
1. HCL announced the closure of its acquisition of the DWS Group (with effect from January 5th,2021), a leading Australian IT, business and management consulting group, which delivers business and technology innovation to multiple clients across a spectrum of industry verticals across Australia and New Zealand.
1. IT Services attrition (on LTM basis) at 9.9% in Q4 FY'21 (down from 16.3% last year), reflective of success of HR employees engagement initiatives.
1. Total headcount at 168,977 with Net Addition of 18,554 during the year, up by 12.3% compared to FY'20. (Net Additions during the quarter 9295, up by 5.8% over Q3)

Financial Highlights

1. In FY'21, HCL' s revenue stood at US \$ 10,175 mn delivering annual growth at 1.1 % in constant currency on YoY basis. On a QoQ basis, HCL delivered revenue growth at 2.5% in constant currency, within the guided range of 2%-3%.
IT and Business Services grew by 4.4% QoQ in Constant Currency. Due to seasonality, YoY growth in Products & Platforms business is the right measure to assess growth and this grew 3.3% in Constant Currency.
The Revenue growth was on back of Mode 2 that grew 25.2% on YoY basis in constant currency this quarter.
In FY'21, HCL delivered EBIT at 21.4% (ex-special onetime bonus impact) v/s the guided range of 21% to 21.5%. The one-time special bonus including the payroll tax was US \$ 99.8 mn.
1. Strong Cash Generation and cash conversion during FY'21.
Operating Cash Flow was at US \$ 2,602 mn and Free Cash Flow at US \$ 2,340 mn, up 49% and 58% respectively on full year basis.
Gross Cash stands at US \$ 2,803 mn and Net Cash at US \$ 2,268 mn at the end of March 31st, 2021.
Robust Cash conversion with OCF/NI at 155% and FCF/NI at 139%.
1. Cash EPS at 59.3 and EPS at 47.9¹ grew at healthy clip of 12.4% and 17.6%¹ respectively during FY'21.
1. Declared Dividend of 6 /- per share, being 73 rd consecutive quarter of dividend pay-out. In addition the board has declared a Special Interim Dividend of 10 /- per share as a milestone to mark the Company crossing the \$10 B milestone. Total interim dividend is 16 /- per share, bringing up the total for the year to 26 /- per share.
1. Exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn (\$78.8 mn net of tax); *728 crores (* 575 crores net of tax).

The ongoing COVID-19 pandemic has drastically changed our world – society at all levels, businesses around the globe, and our own individual lives, as well as those of families, friends, and colleagues. In the past year, we have worked relentlessly to respond to the disruption of the pandemic, a sign of the tenacity of the human spirit. Enterprises, too, have worked to adapt to and embrace the transformed business environment and ecosystems, partly through the adoption of next-generation technologies. At HCL, we have always believed that technology and people working together can generate positive changes that will advance the world to a better tomorrow. In fact, at HCL, we call this partnership of digital technology and the human spirit 'The New Essential'. As the global economy revives and all of us emerge from this crisis, I am sure that HCL will be even better prepared to meet future challenges. Armed with our core beliefs of innovation and invention and driven by a strong faith in humanitarian values, we will achieve our business goals, that are aligned with the socio-economic development of the communities where we work, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

"We have posted a robust Q4 FY'21 sequential constant currency revenue growth of 2.5%. Our FY'21 Revenue stands at US \$ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2% YoY (ex milestone bonus). We also registered the highest ever New deal booking this quarter of US \$ 3.1 B with an all-time high exit pipeline. The booking and pipeline represent a well balanced mix of service lines, geographies and industries. I am also proud to share that HCLites' commitment has resulted in yet another all-time high customer satisfaction index in FY'21.

With these solid financials, a passionate employee family and a business model that has consistently proven itself for its resilience and relevance, we step confidently into FY'22. said, C Vijayakumar, President & CEO, HCL Technologies Ltd.

FY'21 has been an unprecedented year by all yardsticks.In this pandemic year, HCL was able to support clients not only to run their businesses, but also to digitize & modernize their Applications & Operations. In doing so, we delivered 2.4% growth in US \$ and EBIT at 21.4% (ex milestone bonus), expanding 180 bps on YoY basis. The best part of the year was the strong Operating Cash Flow generation at US \$ 2,602 Mn, Up 49% YoY and Free Cash Flow generation at US \$ 2,340 Mn, Up 58% YoY. Our Board has declared a Special Interim Dividend of `10 / - per share as a milestone to mark the Company crossing the \$10 B milestone, apart from the usual quarter dividend. During the quarter, we successfully approached the international bond markets and issued Bonds of US \$ 500 Mn at an attractive interest rate, backed by our "A-" rating from S&P and Fitch.", said Prateek Aggarwal, CFO, HCL Technologies Ltd.

Past 5 Financial Years

1. Exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn (\$78.8 mn net of tax); *728 crores* ( 575 crores net of tax).

2. Cash Net income is Operating Cash Flow before Change in Working Capital.

3. Cash EPS is Cash Net Income divided by Average Number of Diluted Equity Shares.

		Quarter Ended
Particluars	Details	31-Mar-21	FY'21 over FY'20 YoY
		QoQ	YoY
Consolidated	For the Company	2.5%	2.6%	1.1%
	Americas	2.0%	2.9%	-0.5%
Geography	Europe	0.7%	-0.3%	1.5%
	ROW	13.3%	11.0%	13.6%
	IT and Business Services	4.4%	3.7%	-0.6%
Segments	Engineering and R&D Services	0.7%	-2.7%	-4.9%
	Products & Platforms	-4.9%	3.3%	20.5%
	Financial Services	3.3%	3.6%	4.2%
	Manufacturing	0.3%	-12.8%	-11.9%
	Technology and Services	-0.6%	11.4%	8.1%
Verticals	Retail & CPG	-0.9%	1.3%	1.4%
	Telecommunications, Media, Publishing & Entertainment	-0.1%	0.5%	-5.6%
	Lifesciences & Healthcare	6.6%	18.1%	12.1%
	Public Services#	9.9%	2.2%	1.1%

Note:

# Public Services include Oil & Gas, Energy & Utilities, Travel - Transport - Logistics and Government.

As the pandemic continues to dramatically reshape the world, the partnership of digital technology and human ingenuity and resilience has become "The New Essential," the enabler of not only successful global businesses but also a better world. HCL Technologies continues to help global enterprises adopt next-generation technologies that will propel their transformation journey and ensure their future success. Drawing on its strong legacy domain industry expertise, client centricity, and a culture of Ideapreneurship™, HCL continues to act, adapt and advance in its own journey of transformation.

Business Highlights

HCL won 19 new large deals in Q4, FY21 across industry verticals, including Financial Services, Life Sciences and Healthcare, consumer goods and manufacturing. In FY21, HCL signed a total of 58 new large deals led by industries such as Financial Services, Life Sciences and Healthcare, Telecommunication, Manufacturing and Technology.
HCL was named the 'Company of the Year' by leading Indian business daily Business Standard. HCL Technologies was recognized for making a mark across the world owing to its its stellar performance in the last financial year coupled with a focus on such things as innovation, capability building, and strong business ethics
Mr. Shiv Nadar, HCL's Founder and Chief Strategy Officer, was honored by CNBC TV18 with the 'Lifetime Achievement' award at the 'India Business Leader Awards' 2021. The award celebrates Mr. Nadar's pioneering role in the Indian IT landscape and in philanthropy.
Ms Roshni Nadar Malhotra, Chairperson, HCL Technologies, and CEO and Executive Director of HCL Corporation, was awarded the Young FICCI Ladies Organization (YFLO) Achievers Award in the field of community service. The YFLO awards are given to women achievers under 45 years across various categories.
HCL announced the closure of its acquisition of the DWS Group, a leading Australian IT, business and management consulting group, which delivers business and technology innovation to multiple clients across a spectrum of industry verticals across Australia and New Zealand.
Continuing its expansion in Canada, HCL announced the opening of an innovation center focused on digital acceleration in Mississauga, Ontario. From this newest 350 seater global delivery center (GDC), HCL will deliver advanced technology solutions – including those involving digital and analytics, cloud consulting and migration, cybersecurity, and IT infrastructure and application services – to its global client base, helping them accelerate their digital transformation journeys.
HCL Software (SW) closed a strong FY'21 with a good Q4 perfomance leading to YoY and QoQ growth. Despite the challeing times, HCL SW had a successful year as it executed over 19,000 sales transactions across 15,000 unique customers. In FY21, HCL SW had a total of 54 product releases, including 16 major releases including HCL Volt MX, HCL Commerce v9.1, HCL Unica v12.1 Fall Release, HCL Sametime Premium, and HCL Digital Experience Fall Release. In addition, HCL SW's products received a number of analyst recognitions including HCL BigFix Received Top Score in Gartner Peer Insights UEM Capabilities Rating, HCL Digital Experience is the 2020 Leader in the SPARK Matrix for the Category of Digital Experience Platform, and HCL Unica Achieved Gartner Peer Insights Customer Choice Award.
HCL expanded its strategic partnership with Google Cloud by bringing HCL Software's Digital Experience (DX) and Unica Marketing cloud-native platforms to Google Cloud. The announcement followed the success of the initial Google and HCL Software Commerce partnership announced in June 2020. The collaboration between HCL Software and Google Cloud will deliver significant value for clients who want to deploy DX, Unica and Commerce from Google Cloud.
HCL announced its support for "RISE with SAP," an offering by SAP that helps clients take their businesscritical elements into the cloud. HCL's partnership with SAP will enable organizations to move to the cloud SaaS model of RISE with SAP using HCL's digital and application capabilities, while leveraging their existing investments in SAP configuration and extensions.
HCL announced a global strategic alliance with Alteryx, a leader in analytic process automation, to help companies around the globe succeed in their analytics automation and digital transformation priorities. The initial areas of joint solution focus will include citizen-led advanced analytics, data science, machine learning (ML) and artificial intelligence (AI) to drive initial quick wins and pave the way for continuous innovation.

HCL received 2021 ESG (Environmental, Social, and Corporate Governance) Industry Top Rated Badge by Sustainalytics, a leading independent ESG and corporate governance research, ratings and analytics firm. HCL was ranked 15th out of 167 in the sub-industry IT consulting, 9th percentile, with an ESG Risk Rating score of 16.5 and ESG Rating score of 70.
HCL entered into a Memorandum of Understanding (MoU) with Indian Institute of Technology Kanpur (IITK) to collaborate in the area of cybersecurity. As part of the MoU, HCL will work with C3iHub, a specialized cybersecurity research center at IITK. This collaboration will bring together the country's brightest minds, advanced research capabilities, real world industry exposure, and global resources to develop advanced solutions in the area of cybersecurity.
HCL announced a collaboration with University of California, Berkeley, to create a Health Technology Collaborative Laboratory ("CoLab"). Launched against the backdrop of the COVID-19 global pandemic, the CoLab will respond to the urgent need for timely access to therapeutics and diagnostics at a time of rapid growth in telemedicine and telesurgery. The CoLab's multidisciplinary teams will work on health technology innovations that include rapid problem-solving, prototyping and testing of breakthrough healthcare technologies.
Continuing its tradition of "ideapreneurship" and a culture of innovation, in FY21, 97 patents were filed by HCL and 29 were granted. These were in the area of AI, machine learning, next-generation technologies, and platforms including IoT, automation, and data analyticsOf these, 35 patents were filed and 10 were granted in Q4 FY21, which were in the areas that include performing thermal screening, generating and rendering a customized dashboard, database management system, AI, software applications on mobile devices etc.
HCL's Value Portal, a unique grassroots innovation platform that enables employees to contribute their ideas and create value for clients and HCL, delivered client-endorsed value worth \$2.8B and generated more 14,700 ideas with over 7,200 implementations in FY21. Of this, more than \$1B in client-endored value was generated in Q4, with more than 3,700 ideas generated and more than 2,200 implementations during the quarter.
HCL's Nagpur campus is now a US Green Building Council Certified (USGBC) Platinum Rated Green Building,It received the Platinum LEED certification by this highest rated green council body.
As a global partner of International Women's Day, HCL celebrated International Women's Day by holding internal/external events around the world throughout March. The events, based on the theme #ChooseToChallenge , were meant to to drive awareness in three focus areas: Women in Technology, Women in Leadership, and Women in Sport.

COVID-19 Initiatives

HCL continues with its proactive efforts to safeguard employees, minimize impact to clients, reduce financial risk to HCL, maintain supply chain resilience, and provide support to communities around the world.

HCL is abiding by government protocols related to workplace safety, work-from-home / return-to-office guidelines and the vaccination program for eligible individuals.
HCL continues to constantly review the ongoing pandemic situation while fully complying with all government advisories and recommendations. Given the extended period of uncertainty, the company is working to ensure that sustainable measures are put in place to ensure continuity of all HCL's operations and client deliverables. HCL's virtual governance and collaboration, both with internal and external stakeholders, allows us to execute our business with minimal interruption.
Employee health and well-being is a top priority at HCL. Even through the pandemic, the company is doing its best to take care of its people, their families, and communities. A holistic vaccination approach is in place to assist employees and their dependents, and third-party personnel across all geographies. #TakeCareHCL continues to be active in spreading awareness among employees about the pandemic and a variety of specific initiatives available to help employees and their families. HCL's dedicated COVID-19 portal, which has provided one-point access for any emergency, has continued to be enhanced with additional information on safety, support facilities and resources.

Businesses across industries stand at an inflection point today, as they undergo a transformation catalyzed by digital,analytics, cloud, IoT and automation. HCL's Mode 1-2-3 strategy provides a structured growth blueprint for companies to navigate swiftly in the digital age. Mode 1 leverages the current business and IT landscape to enable an HCL enterprise client to consolidate its existing core and enhance that core with new technologies. Mode 2 provides scaled digital transformation frameworks that help clients build robust new-age capabilities and pivot to new business models. In Mode 3, HCL helps clients take advantage of specific next-generation opportunities to make them future ready.

New Large Deals

In Q4, FY21, 19 new large deals were signed by HCL Technologies

HCL was selected by a global Hi-Tech company as its strategic product engineering partner to drive products growth. As part of this, HCL will be responsible for product innovation that would steer growth and customer advocacy for the client.

A Europe-based global energy and utitlies company selected HCL to build a new greenfield digital foundation as part of its global transformation program. As part of this deal, HCL will provide, digital workplace services, hybrid cloud services, next-gen network services and cybersecurity services. Leveraging HCL's 'Cloud Smart' offerings, the client will will benefit from an adaptive portfolio with innovative cloud services driven by intelligent automation and a powerful partner ecosystem.

HCL signed a five-year Digital Workplace Services Agreement with Airbus. HCL will establish a modernized digital workplace to enhance the user experience and service quality for the majority of Airbus employees globally. HCL's Fluid Workplace Model will enable Airbus to deploy the latest digital technologies and will rapidly simplify Airbus' existing IT processes and optimization of delivery costs, using unique end-to-end management services to cover the information and operational technology landscape.

A Europe-based global consumer goods company signed a multi-year end-to-end digital workplace services agreement with HCL. HCL will deliver workplace-as-a-service (WaaS) across all the client's support levels, geographies and environments (office, retail, distribution centres) while providing a state-of-the-art consumer-like experience enabled through automation and artificial intelligence.

A European financial services company signed a strategic partnership contract with HCL to support its digital transformation agenda, including managing and transforming its large and complex IT infrastructure, building cloud capabilities, and delivering automation across the IT landscape. HCL will also help the client in technology modernization and digital initiatives to enhance the services delivered to their end clients.

A US-based financial services company signed a strategic engagement with HCL spanning application management, application development and digital foundation services. HCL will offer its Digital @scale capabilities to drive strategy and transformative innovation for the client's business, while further augmenting its wealth management capabilities.

A US-based life sciences company selected HCL for end-to-end support for its digital workplace services. HCL will support the client across workplace engineering, collaboration services, and IT enablement services, and will implement multiple digital transformation initiatives to enhance workplace experience.

A US-based financial services company expanded its relationship with HCL for providing services in the areas of digital foundation and cloud services, security, service integration and management, DRYiCE, quality assurance and environment services. HCL expertise and best practices in these areas will further strengthen the client's commitment of driving innovation across their business portfolios.

A US-based global life sciences company expanded its relationship with HCL to provide end-to-end global network management operations and project services. HCL will provide global network management services, using its DryIce NetBot network automation framework, to increase reliability, resiliency and performance of their global network infrastructure. HCL will also be involved in automated onboarding of the MTaaS platform and templatized deployment with minimal manual efforts.

A US-based financial services firm selected HCL as its IT Infrastructure operations and modernization partner. HCL will help the client transform the end-user experience across the organization by stabilizing its IT infrastructure and driving innovation across service desk, network, telecom and end-user services.

UD Trucks Corporation signed a digital transformation and hybrid cloud contract with HCL. HCL will deliver end-toend IT transformation spanning digital platforms, agile digital application development, migration, support and maintenance and digital workplace services. With this new partnership, HCL will further accelerate the client's digital transformation journey.

A US-based manufacturing company expanded its engagement with HCL whereby HCL will become the end-toend digital workplace services partner for the client, globally. HCL will help the client standardize workplace engineering, field support and asset management processes across 40+ countries and 500+ locations and implement AI/ML and AR/VR enabled solutions to enhance workplace experience.

A food and beverage company expanded its services with HCL through a new multi-year global network services contract. With this scope addition, HCL will now provide network managed services for all of the company's sites globally.

A US-based healthcare company expanded its relationship with HCL as a part of the organizations transformation to drive digital innovation in healthcare. HCL will help provide more reliable and scalable workplace services and help the company standardize its user experience across hospitals and clinics.

A Europe-based chemical company signed a multi-year global IT infrastructure contract with HCL for modernizing and digitally transforming the IT workplaces of the company. The modern digital workplace that HCL will deliver will help the client take the digital transformation of their IT workplaces to the next level while significantly reducing cost, enhancing quality, and significantly improving the end-user experience for the company´s employees.

A US-based manufacturing company signed a multi-year deal with HCL for transforming their workplace services as part of its IT consolidation and transformation strategy. HCL will help the customer standardize and optimize global workplace and infrastructure support, implement AI/ML enabled solutions to automate operations and enhance end user experience. HCL will also deploy a suite of DRYiCE software products to improve end-user experience and reduce burden on the service desk.

A US-based financial services multinational company selected HCL to revolutionize their client experience by creating new ways to drive digital transformation. HCL will be enhancing client's digital platform by modernizing their omnichannel platform to connect their digital and physical worlds and let consumers send, receive money and make payments with speed, ease, and reliability.

Other Deal Wins/ Renewals

A US-based telecom company expanded its deal with HCL for digital transformation in the areas of order management, client experience, device financing and secured payments. HCL will help the client to modernize applications in the mentioned domains, migrate more services to the cloud, improve user experience, and make the applications more secure and robust.

A US-based healthcare company extended its relationship with HCL as a sourcing partner for its technology infrastructure services including end-user services & collaboration, mainframe & infrastructure-as-a-service collaboration, cloud datacentre services and network security. HCL's next-gen services will help the client revisit and revalidate its services livery model at industry benchmarked pricing, leading to efficient management of cost and performance.

An ANZ-based consumer goods company expanded its relationship with HCL to manage, support and modernize its global SAP and applications landscape. With this engagement, HCL will deliver business-aligned IT operations while bringing class-leading levels of automation in the client's processes combined with the progressive migration of its on-premise workload to cloud.

A US-based retailer expanded deal with HCL to gain insights into their clients' behavior as part of their digital transformation journey with a multi-vendor sourcing strategy. HCL will help the client define, architect and build the enterprise data and master data platform, transform and personalize the client experience, and use analytics and science to bring in insights about its clients

A US-based life sciences retail company expanded its deal with HCL for managing its IT infrastructure and operations. HCL will help the client in migrating more of their services to the cloud. It will also pursue large-scale data center modernization and digital transformation initiatives to enhance workplace experience by leveraging HCL solutions HCL Workblaze, Optibot Healing station, iAutomate, Netbot among others.

A US-based global media and entertainment company expanded its engagement with HCL on enterprise applications management, deployment, and public cloud adoption. As part of this engagement, HCL will be an integral part of the client's digital-first strategy, with responsibility for higher automation across their technology operations.

A US-based automotive retail company signed a multiyear global IT application managed services support and maintenance deal with HCL. HCL will help the client enhance their IT modernization and transformation journey while reducing the client's technical costs and IT complexity. HCL will use its NextGen AMS offering, an industryaligned execution framework that helps organizations become more agile, nimble and business-aligned while focusing on business impacting innovation.

A US-based hi-tech company selected HCL as their Microsoft Cloud Solution Provider (CSP) Partner. HCL will be responsible for provisioning, managing and supporting Microsoft Azure subscriptions and will help the client in advancing the digital cloud journey they have embarked on.

A Europe-based telecom company selected HCL as its transformation partner to provide integrated operations and transform their OSS – BSS landscape by delivering operational service with agility, excellence and effectiveness through a process of continuous improvement. HCL's scope covers all the aspects of support and transformation of the company's application operations, IT infrastructure, end-user services and IT operations centre along with Service Desk.

A US-based global manufacturing company has selected HCL for building and managing the digital foundation services as part of its multi-year IT transformation strategy. As a part of this engagement, HCL will help the client standardize and optimize global IT processes and operations as well as implement AI/ML enabled solutions to automate operations and enhance workplace experience. HCL will also deploy a suite of DRYiCE software products to eliminate the client's issues related to unified reporting and voluminous IT incidents

A US-based healthcare company expanded their relationship with HCL for managing and transforming their EMR and practice management products. Through this initiative, the client will leverage HCL's expertise in the engineering areas, improve access to the talent pool and process excellence, and also optimize their product spend.

A US-based oil and gas multinational company selected HCL to support and maintain their global SAP platforms, eCommerce platform, RPA and non-SAP applications across multiple value chains. As part of this engagement, HCL will manage a full stack comprising digital workplace, hybrid cloud and application services for the value chains; drive standard consistent processes; and improve the overall client experience.

A Europe-based global automobile company has extended their existing relationship with HCL to manage their production shop floor IT. This engagement will leverage HCL's best practices and experience of supporting production IT to its global manufacturing clients. HCL will drive standardization and centralization of services, thereby enabling seamless onboarding of multiple shop floors with the ability to deliver the services from HCL's global delivery centers in Europe.

A US-based telecom multinational company expanded its deal with HCL for managing their app development, devops, and support for their video services. HCL will help the client build and enhance newer broadcasting methods, such as OTT and IPTV, along with the maintenance of their traditional linear broadcasting operations which includes backend services, data analytics and ad-insertion.

A US-based banking company selected HCL to provide application development, infrastructure, cloud, data strategy, digital transformation, platform conversion, and automation services across various business lines. As a part of the engagement, HCL will provide digital consulting, thought leadership with analysts/partners, workshops and discovery sessions, POCs for deploying tools and frameworks prior to skillsets planning, and ramping these up across client's key initiatives.

A US-based consumer goods company extended the relationship with HCL for managing revenue generating activities for the client like handling both print and online subscriptions, as well as upselling digital, mobile and highly curated personalized services. In addition, HCL will support brand building and protection by handling all sensitive feedback and inquiries on social media.

A Canada headquartered life insurance company selected HCL to provide Mainframe as a Service which includes hosting, operations and migration of data from the current environment to HCL Datacenter. The client is expected to benefit from HCL's superior and comprehensive solution, global delivery model, and ecosystem of partnerships.

An Australian banking company has chosen HCL as a strategic partner to provide services across their strategic EDIA domain that takes care of central data platforms. HCL will be accelerating client's Google Cloud Platform (GCP) cloud journey by setting up Data SRE capabilities offshore. HCL will also be responsible for accelerating

the client's journey to work on key APRA directives to make business platforms more secure, resilient and scalable in the near future.

HCL was chosen by a European financial services company for its AppScan suite of products. The product's speed and accuracy will help the client with its application security testing and software delivery.

As clients are adopting new technologies at the core of their business models, HCL's service offerings, products and platforms are organized to solve the key business and technology challenges. This quarter, HCL launched various new products and solutions, including the following:

Products

BigFix 10.0.2 - Full of numerous enhancements including a completely new way to search and filter as well as improved PeerNest performance with large payloads. Including updates to support major OS platforms including DB2 11.5.4, MS SQL Server 2019, multiple servers, relay, and agent qualifications.

BigFix MCM 1.1 - Eases the provisioning and deployment burden of new users while improving security. With zero-touch provisioning for remote employees, VPN software and certificate deployment, and new restriction policies, BigFix MCM 1.1 will easily empower employees with ease.

BigFix Patch - RHEL Extended Support v10 - BigFix Extended Patch for RHEL, eliminates the need for clients to manually discover, curate, test and package ESU content, saving staff time while drastically reducing the window of vulnerability.

Commerce 9.1.4 - Cloud native solution, delivers the next generation of client experiences so that HCL's clients can go beyond the transaction and deliver innovation at every touchpoint, anytime, anywhere.

Connections v7 - Enables the client to jumpstart their project teams with an easy-to-use set-up wizard and templates built upon their best practices in order to save time and help drive increased consistency that promotes successful results. It also offers integration with Microsoft 365® so clients can leverage the value of their connections, people-powered communities and content, into their Microsoft eco-system.

Digital Experience - Trusted platform for business-critical digital experiences. Clients can deploy HCL DX onprem, in the cloud, or in a hybrid model, and by deploying with HCL SoFy they will be able to dramatically simplify and accelerate a cloud-native deployment of HCL Digital Experience and also connect other HCL products and services in just a few clicks.

Domino Volt CD 1.0.2- A low-code capability that makes it easy to develop powerful, secure, and enterprise-grade applications on the Domino platform. It has an improved user experience, the ability to handle app standardizations, and more ways to leverage Domino. These updates enable the organizations to build apps faster and easier without technical skills while providing more value to their Domino investments.

HCL Link v1.1 – Powerful and easy-to-use data integration platform that accelerates integration of the many applications and diverse data across an enterprise's on-prem, cloud or hybrid environments. It enables complex data transformation and validation across a range of messaging standards and data formats, including those involving industry-specific standards.

Solutions

HCL launched Avalanche™ Customer 360 Analytics Cloud Data Warehouse Service, a solution designed to simplify and accelerate the delivery of customer insights. Built on the industry-leading Avalanche hybrid cloud data warehouse of HCL's Actian business unit, the solution runs on-premise and in cloud, enables data-driven organizations to shape better customer experiences more quickly, dynamically, and cost-effectively.

Cloud Smart by HCL, helps enterprises build an adaptive portfolio with innovative cloud services, driven by intelligent automation and a powerful partner ecosystem to address clients' specific business objectives. These can include maximizing business value, reinventing customer experience, modernizing the digital core, driving continuous innovation, developing comprehensive cloud culture, and creating a sustainable future. HCL's cloudsmart strategy servitizes every aspect of cloud delivery, giving client's business a limitless toolkit to focus on customer experience. Cloud Smart, with which HCL makes enterprises digitally future-ready, is one example of HCL's strong focus on collaborative work in technology ecosystems to deliver value to clients.

HCL believes in a culture that fosters grassroots innovation and is committed to providing its employees with an equitable, safe and inclusive work environment. HCL focuses on talent attraction, growth, and retention that work together to ensure a unified experience across the enterprise. HCL's core belief of employee-centricity aims to enhance employees' experience and accelerate their professional growth by creating an amenable, aspirational and friendly work environment.

As of March 31, 2021, HCL's full time headcount is 168,977. HCL's gross hiring was 44,695 globally for the year ending March 2021.
As of March 31, 2021, localization in the US is 70.4%.
HCL prides itself on employing people from diverse backgrounds, creating a unique fabric of values and traditions. As of March 31, 2021, HCL employed people from 157 nationalities.
During the fiscal year, 120,652 employees collectively took advantage of 6.64 million hours of training for enhancing their current skills and learning new skills, while 47,232 unique employees were also trained in digital skills during this period.
In FY21, HCL continued its efforts to foster inclusion in the company. During the year, 55 PwD (people with disabilities) employees were hired, while Pride@HCL expanded its footprint to four new geographies.
HCL was included in the Bloomberg Gender-Equality Index (GEI). The index tracks the performance of companies committed to disclosing their efforts to support gender equality through policy development, representation and transparency.

SAP Ecosystem

HCL SAP Ecosystem launched a new offering called PreCISE to help enterprises simplify, accelerate and innovate in their SAP migration journey.
HCL SAP Ecosystem and Intel entered into a strategic partnership to drive SAP vertical Edge solutions on SAP Business Technology Platform.
HCL SAP/IBM Ecosystem, together with IBM Cloud, launched partner managed Cloud offerings

Microsoft Ecosystem

HCL was the launch partner for key Microsoft Industry Clouds announced namely, Microsoft Cloud for Healthcare and Microsoft Cloud for Financial Services
HCL signed a strategic agreement for the Azure Outsourcer Channel Program. This allows HCL to accelerate the end-to-end digital transformation journey on Microsoft Azure for its existing clients.
HCL is now an Azure Networking Managed Service Provider (MSP) partner. This enables HCL to offer cloud and hybrid networking services around Azure's growing portfolio of Azure Networking products and services.
HCL joined the Microsoft Intelligent Security Association (MISA) initiative, an ecosystem of independent software vendors and managed security service providers that have integrated their solutions to better defend against a world of increasing threats.

IBM Ecosystem

HCL has been named a launch partner for IBM Cloud® Satellite, which is a managed distributed cloud solution that delivers cloud services, APIs, access policies, security controls and compliance.
HCL was recognized by Red Hat Inc. as their North America Commercial Managed Services Partner of the Year for 2020. It is a testament to HCL's larger ecosystem-driven strategy which has powered a deeper, consistent and solution driven relationship with Red Hat.
HCL Cloud Native Labs collaborated with IBM to create IBM Cloud Foundry Migration Runtime (CFMR). As IBM's engineering partner, HCL Cloud Native Labs blend the power of Cloud Foundry and Kubernetes together to enable the future journey for Cloud Foundry users. As a result of this endeavour Red Hat OpenShift, the industry-leading Kubernetes platform, is now able to offer the most robust and efficient location for Cloud Foundry-based workloads.

Amazon Web Services

HCL achieved the Amazon Web Services (AWS) Mainframe Migration Competency status as a launch partner. This designation recognizes that HCL has proven solutions, practices and client success in migrating both mainframe applications and data to AWS. This validates HCL's ability to offer mature solutions and repeatable frameworks for mainframe migration success.
HCL was named an AWS Contact Center Intelligence (CCI) Partner as part of the global availability and expansion of this program. AWS CCI provides an efficient and accelerated route to deploy tailored AWS AI and ML capabilities for CX solutions to allow clients maximum flexibility in telephony infrastructure and minimum integration barriers.
HCL joined the AWS Migration Acceleration Program (MAP) for the SAP Partner Program. This recognition demonstrates HCL's SAP expertise and its ability to help clients deploy and mobilize their SAP workloads faster and more efficiently on the AWS Cloud.

Google Cloud Platform

• HCL achieved the infrastructure specialization designation in the Google Cloud Partner Advantage Program. This designation recognizes HCL's demonstrated success in assisting clients' architect and build their Google Cloud infrastructure and workflows, and migrate to Google Cloud. Specializations in the Google Cloud Partner Advantage Program are granted to provide Google Cloud clients with qualified partners that have demonstrated technical proficiency and proven success in specialized solution and service areas.

Other partnerships

HCL and Claim Genius™, a world leader in Artificial Intelligence (AI) automation solutions for the auto insurance markets, signed a strategic agreement to jointly develop and market new AI claims management solutions. As part of this agreement, HCL will be providing Claim Genius's real-time damage analysis technology for passenger vehicles to global insurance carriers.
HCL partnered with AI innovation company Bobble AI to offer customer engagement solutions in the open banking space through a plug-n-play White-label Keyboard SDK (Software Development Kit). The unique keyboard-based solution strengthens HCL's relationships with its banking and insurance clients, offering clear benefits that include increased revenue and reduced customer acquisition cost.
HCL joined the Linux Foundation Edge community. As a member of the Linux Foundation Edge Community, HCL will collaborate with industry leaders to help create and promote Edge Computing frameworks for wider adoption, leveraging our expertise and investments in IoT, 5G and Cloud technologies.
HCL partnered with Sectigo Limited, a leading cybersecurity provider of digital identity solutions and multilayered web security. This strategic alliance will provide HCL with access to Sectigo's proven security products and solutions that will strengthen HCL's ability to offer more comprehensive device security solution to its customers.

HCL was recognized as a Top Employer 2021, for its exemplary HR performance by Top Employer's Institute, a global organization dedicated to accelerating the positive impact people strategies make on the world of work. HCL was awarded this status in France, Germany, the Netherlands, Australia, New Zealand, Philippines, Poland, Singapore, South Africa, Sweden and the United Kingdom. HCL received the award in the United Kingdom for the fifteenth consecutive year.
PowerObjects, an HCL Technologies company, was named "Technology Innovator of the Year" in Computing's 2020 Technology Product Awards, which aim to recognize the very best of the UK's technology industry. The "Technology Innovator of the Year" is awarded to the company that demonstrated the highest levels of original thought and action resulting in measurable success throughout 2019 and 2020. HCL-PowerObjects won the award for its achievements in Power Platform, Microsoft's technology stack designed to unlock the potential of Dynamics 365 and Office 365.
HCL was named a winner of the prestigious Quality Award at the 2020 Annual Cisco Procurement Supplier Day. HCL was recognized for its Engineering and R&D services provided to Cisco, including its execution, agility and high quality delivered during these difficult times. In addition to its services, HCL was awarded for its commitment and competencies as it quickly scaled to ensure Cisco's business continuity without any impact to Cisco's product engineering roadmap during the disruption caused by the COVID-19 pandemic.
HCL was named a winner at the Indo-French Business Awards (IFBA), in the category for "Choose France Indian Investment in France Award 2020". HCL was chosen as the winner for its significant investment in France and efforts to further strengthen the business relationship between India and France.
HCL was named a winner of the prestigious Intel Supplier Achievement Award (SAA) in Cost and COVID-19 response. HCL was recognized for its extraordinary performance, innovation and resolve demonstrated by suppliers in the face of pandemic-related supply-chain challenges, and exemplary efforts to ensure uninterrupted supply and help Intel meet customer needs while keeping their employees and communities safe.
HCL was awarded Best Supplier award at Bosch Supplier Awards. HCL was recognized for its outstanding performance in offering adaptive, comprehensive, and hyper efficient services, as a key partner for their innovation programs.

The quarter that has gone by has not only proved that HCL Technologies is the fastest growing IT services organization but also has certified its capabilities in the Next gen technologies space. The 50+ leadership positions for which we were recognized are mostly in the Digital transformation space. It speaks volumes to us about our vision and commitment towards this market, both in terms of investment and talent. The fact that these recognitions are by the leading industry experts and analysts note the company's completeness of vision and ability to execute customized solutions for its clients in the emerging fields of technologiesTook an initiative to care for vulnerable groups, including the elderly, women and children through medicines, emergency services and care services elderly people.

Digital Business:

HCL Technologies positioned as a Leader in Avasant Manufacturing Digital Services 2020-2021 RadarView™ report.
HCL Technologies positioned as a leader in the ISG Provider Lens™: Analytics Solutions and Service Partners – Data Lifecycle Management Services, US 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Analytics Solutions and Service Partners – Data Infrastructure and Cloud Integration Services, US, UK 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Analytics Solutions and Service Partners – Data Engineering Services, UK 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Next Gen Application Development and Maintenance (ADM) Services – Next Gen ADM – Germany, US, UK, Nordics 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Next Gen Application Development and Maintenance (ADM) Services – DevSecOps Consulting, Germany, US 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Next Gen Application Development and Maintenance (ADM) Services – Agile Development, Germany, US, UK, Nordics 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Next Gen Application Development and Maintenance (ADM) Services – Continuous Testing Large Accounts, US 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Next Gen Application Development and Maintenance (ADM) Services – Continuous Testing, Nordics 2020
HCL Technologies positioned as a Strong Performer in The Forrester Wave TM :Commerce Services, Q1 2021

Digital Foundation:

HCL Technologies positioned as a Leader in the 2021 Gartner Magic Quadrant for Managed Workplace Services, North America
HCL Technologies positioned as a Leader in the 2021 Gartner Magic Quadrant for Managed Workplace Services, Europe
HCL Technologies positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain SAP Ecosystem Services 2021 Vendor Assessment, March 2021, IDC #US47537120
HCL Technologies positioned as a leader in the ISG Provider Lens™: Salesforce Ecosystem Partners Managed Application Services for Large Enterprises, Germany, US 2021

Digital Operations:

HCL Technologies positioned as a Leader in Everest Group's Software Product Engineering Services PEAK Matrix® Assessment 2021
HCL Technologies positioned as a Leader in Everest Group's Semiconductor Engineering Services PEAK Matrix® Assessment 2021
HCL Technologies positioned as a leader in the ISG Provider Lens™: Manufacturing Industry Services Smart Manufacturing Services - Hi-Tech, UK, Germany, US 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Manufacturing Industry Services Smart Manufacturing Services – Automotive, UK, Germany, US 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Intelligent Automation Solutions and Services – Intelligent Business Automation, Nordics, US , UK 2020
HCL Technologies positioned as a leader in the ISG Provider Lens™: Intelligent Automation Solutions and Services – Artificial Intelligence for IT Operations (AIOps), Nordics, US , UK 2020

**Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

HCL Foundation (HCLF), the CSR arm of HCL Technologies, works toward enhancement and positive transformation of people's lives from vulnerable communities in India and around the world. Various flagship programs and initiatives of the Foundation aim to further national and international development goals. Their goal is to effect a lasting positive impact on people and the planet, through long-term sustainable programs, ensuring equitable development and opportunities for all.

In 2021, HCL Foundation celebrated a decade of stewardship and creating socio-economic-environmental impact. Through its various programs and initiatives, it helped connect the dots between program and impact; between policy and implementation; between investment and deployment, to break the cycle of poverty by building resilient individuals and resilient communities
In these 10 years, it has cumulatively invested more than INR 680 Cr (\$90M) with a network of more than 187 partners. It has impacted more than 2.14 M lives across 21 states and three union territories of India. More than 52,000 acres of land have been greened and brought under sustainable community governance; 71 water bodies have been rejuvenated and preserved.

COVID-19 Response

HCLF continues its COVID-19 specific responses, ranging from the immediate to the long-term, reaching out to more than 380,000 people and providing feed and care to over 247,000 animals. The core areas of intervention include:

Knowledge and capacity building
Strengthening government systems
Providing safety and personal protective equipment (PPEs)
Complementing healthcare services
Ensuring and securing livelihoods
Care for the disadvantaged

Flagship Programs

In Q4 FY21 HCLF continued to work toward holistic community development across rural and urban geographies.

Rural Programs

HCL Samuday

In Q4 FY21,
o The initiative of scaling up the program was initiated. Samuday will be replicated it in eight more blocks of Hardoi district in the state of Uttar Pradesh, with interventions related to agriculture, education, healthcare, infrastructure, livelihood, and WASH
o 3,500 new farmers were registered for income enhancement.
o Nearly 4,630 students benefitted from neighbourhood classes (Pados Pathshala).
o Over 2,130 children who were severely underweight were managed through home-based nutrition intervention
o More than 14,600 outpatient department (OPD) clinics and diagnostic services were made available through telemedicine and mobile health clinics.
o an open education resource (OER) portal for content distribution was launched across Uttar Pradesh, India, for classes 1-5.
In FY21,
o More than 5,800 dairy farmers benefitted with increased income and over 1,000 handicraft artisans were supported in production and training
o More than 11,000 people, including students, benefited from through education related initiatives.
o To support childcare services, 150 model Anganwadi centres were supported.
o More than 29,500 OPD and diagnostic services were provided.

HCL Grant

In Q4 FY21, HCL Grant:
o Announced its Edition VI Grant recipients in the categories of Education, Health and the Environment (CRY, IHAT and SAAHAS, respectively).
o Provided laptops at the secondary education level across 33 districts in India
o Signed four new memoranda of understanding (MoUs) with the Government of Odisha in the areas of on technology Integration in environment and watershed development.

o Provided virtual as well as offline training workshops on maternal nutrition, solar lanterns to 65 households, as other eco-restoration, stream rejuvenation, and water retention activities continued.
Since its inception in FY16, HCL Grant has committed more than INR 60 Crore (\$8.2 Million) with the goal of reaching 1.7 million people. INR 39.35 Crore (US\$ 5.40 M) has already been deployed on ground, impacting 733,040 lives.

Urban Programs

Clean NOIDA:

In Q4:
o 60 residential welfare associations were engaged on the topic waste management
o Source segregation and safe disposal of waste was promoted through the provision of 10,032 dustbins and interpersonal communication with households across 8 urban villages.
o NOIDA Authority, in collaboration with Clean NOIDA project, organized a Pink Marathon on the occasion of Women's Day 2021 to raise awareness of the importance on cleanliness, hygiene, and safe waste disposal.
In FY21, program highlights included clearing 2,748 tons of legacy waste in urban villages; operationalizing end-to-end waste management processes in eight urban villages; strategically managing waste segregation by type and waste collection site for 67,000 households; and creating 17,000 square feet of wall art across Noida city.

HCL Uday

In Q4:
o A new mobile education initiative, "Nanhe Parinde,"' was launched in collaboration with Noida Police .A campaign called "Daddy Cool,", focusing on improving the positive engagement of fathers in a child's early learning and development, was launched.
o More than 76,000 saplings were planted and rejuvenation work continued on 29 water bodies under "Harit: The Green Initiative.
In FY21,
o Despite the pandemic, HCL Uday continued to support and stand by the communities, helping to provide 400,000 people across 11 HCL Uday locations with comprehensive care and services, including early childhood care and development, education, skill development, health, water, and sanitation.
o In addition, 1,83,062 saplings were planted, 22 water bodies were rejuvenated and 16,424 animals were provided protection, care and treatment under the 'Harit- The Green Initiative' across HCL Uday locations.

Special Initiatives by HCL Foundation

Sports for Change: In FY21, more than 5,500 students benefited from e-training and coaching sessions on sports and fitness
HCL Foundation Academy: In FY21, more than 20,000 participants engaged with various webinars and courses on the platform.
Power of One: In FY21, 4,760 e-volunteering hours were clocked by more than 1,360 HCL employee volunteers. Through the Power of One funds, 295 scholars were supported through scholarships value at of INR 6.5 million.

		Quarter Ended		Growth		Year Ended		Growth
Income Statement		31-Mar-20 31-Dec-20 31-Mar-21		YoY	QoQ	31-Mar-20	31-Mar-21	YoY
Revenues	2,543.4	2,616.6	2,695.9	6.0%	3.0%	9,936.0	10,174.7	2.4%
Direct Costs	1,523.2	1,517.3	1,608.6			6,188.1	6,015.5
Gross Profits	1,020.3	1,099.3	1,087.3	6.6%	-1.1%	3,747.8	4,159.2	11.0%
Research & Development	46.1	48.2	46.0			181.0	186.6
SG & A	327.9	313.0	338.7			1,222.1	1,261.2
EBITDA	646.2	738.0	702.5	8.7%	-4.8%	2,344.8	2,711.4	15.6%
Depreciation, amortization and impairment	115.4	139.0	153.4			399.2	538.2
EBIT	530.9	599.0	549.1	3.4%	-8.3%	1,945.5	2,173.2	11.7%
Foreign Exchange Gains/(Loss)	(5.0)	0.2	6.5			(1.9)	6.3
Other Income, net	3.1	16.8	19.8			27.1	82.6
Provision for Tax	96.4	74.3	163.5			412.7	495.0
Net gain attributable to redeemable non-controlling / non-controlling interest	1.1	2.1	2.3			4.4	7.6
Net Income (Excluding one time Milestone Bonus)	431.4	539.6	409.6	-5.1%	-24.1%	1553.7	1759.5	13.2%
One time Milestone Bonus	-	-	78.8			-	78.8
Net Income	431.4	539.6	330.8	-23.3%	-38.7%	1,553.7	1,680.7	8.2%
Gross Margin	40.1%	42.0%	40.3%			37.7%	40.9%
EBITDA Margin1	25.4%	28.2%	26.1%			23.6%	26.6%
EBIT Margin1	20.9%	22.9%	20.4%			19.6%	21.4%
Net Income Margin (Excluding one time Milestone Bonus	17.0%	20.6%	15.2%			15.6%	17.3%
Net Income Margin	17.0%	20.6%	12.3%			15.6%	16.5%
Earnings Per Share
LTM in `\| \| \| \| \| \| Annual in`
Basic	40.8	48.7	2 47.9			40.8	2 47.9
Diluted	40.8	48.7	2 47.9			40.8	2 47.9

Weighted Average		Quarter Ended	Year Ended
Number Of Shares	31-Mar-20	31-Dec-20	31-Mar-21	31-Mar-20	31-Mar-21
Basic	2,713,665,096	2,713,665,096	2,713,665,096	2,713,085,729	2,713,665,096
Diluted	2,713,665,096	2,713,665,096	2,713,665,096	2,713,665,096	2,713,665,096

1. Exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn (\$78.8 mn net of tax); *728 crores (* 575 crores net of tax).

21 - 2. FY'21 EPS including impact of onetime milestone bonus stands at `45.8

	AS ON
Particulars	31-Mar-20	31-Mar-21
Assets
Cash and Cash Equivalents	640.1	891.0
Accounts Receivables, net	1,868.0	1,868.6
Unbilled Receivables	480.8	528.1
Term Deposits	468.2	985.2
Investment Securities, available for sale	923.6	926.4
Inventories	12.1	12.8
Other Current Assets	685.7	675.9
Total Current Assets	5,078.4	5,887.9
Property and Equipment, net	825.2	854.1
Operating lease right-of-use assets	346.9	327.1
Intangible Assets, net	3,888.2	3,986.8
Deferred Income Taxes, Net	300.9	326.3
Investments in Affiliates	5.0	6.4
Other Investments	5.1	5.7
Other Assets	548.3	600.2
Total Assets	10,998.2	11,994.5
Liabilities & Stockholders Equity
Current Liabilities	2,760.8	2,291.3
Borrowings	672.9	534.4
Operating lease liabilities	326.8	310.0
Other Liabilities	336.9	366.9
Total Liabilities	4,097.5	3,502.6
Redeemable Non-Controlling Interests	69.8	80.0
Total Stockholders Equity	6,830.9	8,411.9
Total Liabilities, Redeemable Non-Controlling Interests and Equity	10,998.2	11,994.5

Particulars	FY'20	FY'21	For Quarter Ended Mar-21
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	1,558.1	1,688.2	333.0
Adjustments to Reconcile Net Income to Net Cash provided by Operating Activities
Depreciation, amortization and impairment	399.2	538.2	153.4
Deferred income taxes	14.9	(35.6)	(18.0)
Others	39.5	(14.9)	(5.3)
Operating Cash Flow before Change in Working Capital	2,011.8	2,176.0	463.1
Changes in Assets and Liabilities, net
Accounts Receivable and Unbilled Receivable	(494.7)	78.3	(177.9)
Other Assets	(32.7)	87.2	(46.4)
Other Liabilities	258.6	260.7	217.1
Net Cash provided by Operating Activities	1,743.0	2,602.1	456.0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment and intangibles	(240.6)	(262.0)	(71.3)
Purchase of Licensed IPRs	(22.0)	-	-
Proceeds from sale of property and equipment	4.3	20.7	1.5
(Purchase) / Sale or maturity of Investment Securities	(651.1)	42.3	56.4
Purchase of other Investments	(2.3)	(0.9)	(0.6)
Fixed Deposits (increase) / decrease	7.7	(494.7)	(156.6)
Payments for business acquisitions, net of cash acquired	(878.6)	(164.6)	(115.8)
Investment in Equity Method Investee	(0.2)	-	-
Dividend from Equity Method Investee	0.2	-	-
Purchase of redeemable non-controlling Interests	-	(1.6)	-
Net Cash provided by (used in) Investing Activities	(1,782.5)	(860.8)	(286.5)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment for Deferred consideration on Business Acquisition	(41.5)	(864.6)	-
Dividend paid	(228.2)	(440.0)	(148.8)
Loans	112.8	(187.8)	93.0
Dividend paid to redeemable non-controlling interests	(4.4)	(4.4)	(2.2)
Others	17.2	(20.3)	(10.7)
Net Cash provided by (used in) Financing Activities	(144.1)	(1,517.1)	(68.7)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(34.0)	26.8	(11.5)
Net increase (decrease) in cash and cash equivalents and restricted cash	(217.6)	251.0	89.2
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of the Period	859.3	641.7	803.4
End of the Period	641.7	892.6	892.6

Mar-21 Cash & Cash Equivalents 891 Term Deposits 985 Investment Securities, Available for Sale 926 Total Funds (Gross Cash) 2,803

	Mar-21
Borrowings	534

	Mar-21
Net Cash	2,268

Geographic Mix	31-Mar-20	31-Dec-20	31-Mar-21	FY'21
Americas	63.4%	62.5%	62.0%	62.8%
Europe	28.7%	29.5%	29.1%	28.8%
RoW	7.8%	8.0%	8.9%	8.4%

Segment Mix	31-Mar-20	31-Dec-20	31-Mar-21	FY'21
IT and Business Services	70.6%	70.4%	71.9%	70.8%
Engineering and R&D Services	16.3%	15.5%	15.1%	15.6%
Products & Platforms	13.1%	14.1%	13.0%	13.6%

Vertical Mix	31-Mar-20	31-Dec-20	31-Mar-21	FY'21
Financial Services	21.1%	21.4%	21.6%	21.9%
Manufacturing	20.7%	18.1%	17.7%	17.9%
Technology & Services	16.2%	17.8%	17.2%	17.4%
Retail & CPG	10.2%	10.5%	10.1%	10.2%
Telecommunications, Media, Publishing & Entertainment	8.3%	8.3%	8.1%	7.9%
Lifesciences & Healthcare	12.5%	13.6%	14.1%	13.9%
Public Services#	11.1%	10.4%	11.2%	10.8%

Note: Public Services include Oil & Gas, Energy & Utilities, Travel - Transport - Logistics and Government.

Contract Type	31-Mar-20	31-Dec-20	31-Mar-21	FY'21
Managed Services & Fixed Price Projects	68.3%	68.4%	67.7%	67.6%
Time & Material	31.7%	31.6%	32.3%	32.4%

Reported	31-Mar-20	30-Jun-20	30-Sep-20	31-Dec-20	31-Mar-21
Revenue (\$ Mn)	2,543.4	2,355.5	2,506.6	2,616.6	2,695.9
Growth QoQ	0.0%	-7.4%	6.4%	4.4%	3.0%
Growth YoY	11.7%	-0.3%	0.8%	2.9%	6.0%
Constant Currency (QoQ)	31-Mar-20	30-Jun-20	30-Sep-20	31-Dec-20	31-Mar-21
Revenue (\$ Mn)	2,565.0	2,360.0	2,460.7	2,593.1	2,682.0
Growth QoQ	0.8%	-7.2%	4.5%	3.5%	2.5%
Constant Currency (YoY)	31-Mar-20	30-Jun-20	30-Sep-20	31-Dec-20	31-Mar-21
Revenue (\$ Mn)	2,584.6	2,386.7	2,475.5	2,572.2	2,610.4
Growth YoY	13.5%	1.0%	-0.4%	1.1%	2.6%

Average Rates For Quarter	31-Mar-20	30-Jun-20	30-Sep-20	31-Dec-20	31-Mar-21
USD - INR	73.08	75.69	74.14	73.80	72.97
GBP - USD	1.27	1.24	1.30	1.33	1.38
EUR - USD	1.10	1.10	1.17	1.20	1.20
USD - SEK	9.79	9.60	8.86	8.44	8.44
AUD - USD	0.64	0.66	0.72	0.73	0.77

Number of Million Dollar Clients (LTM)	31-Mar-20	31-Dec-20	31-Mar-21	QoQ Change	YoY Change
100 Million dollar +	15	15	15	-	-
50 Million dollar +	30	31	35	4	5
20 Million dollar +	96	97	96	(1)	-
10 Million dollar +	171	173	178	5	7
5 Million dollar +	308	312	318	6	10
1 Million dollar +	791	814	809	(5)	18

Client Contribution to Revenue (LTM)	31-Mar-20	31-Dec-20	31-Mar-21
Top 5 Clients	15.1%	13.5%	13.2%
Top 10 Clients	22.0%	21.0%	20.9%
Top 20 Clients	32.1%	30.9%	30.8%

Days Sales Outstanding	31-Mar-20	31-Dec-20	31-Mar-21
Days Sales Outstanding - excluding unbilled receivables	66	61	62

Headcount Details	31-Mar-20	31-Dec-20	31-Mar-21
Total Employee Count	150,423	159,682	168,977
Technical	139,302	147,740	156,580
Sales and Support	11,121	11,942	12,397
Gross Addition	10,278	12,422	16,878
Attrition (LTM)*	16.3%	10.2%	9.9%

*Note: Attrition excludes involuntary attrition and Digital process operations.

`

								(Amount in ` Crores)
	Quarter Ended		Growth		Year Ended		Growth
Income Statement		31-Mar-20 31-Dec-20 31-Mar-21		YoY	QoQ	31-Mar-20	31-Mar-21	YoY
Revenues	18,590	19,302	19,642	5.7%	1.8%	70,678	75,379	6.7%
Direct Costs	11,151	11,195	11,740			44,018	44,591
Gross Profits	7,439	8,108	7,902	6.2%	-2.5%	26,659	30,788	15.5%
Research & Development	328	356	335			1,276	1,383
SG & A	2,391	2,309	2,470			8,690	9,348
EBITDA	4,720	5,443	5,097	8.0%	-6.4%	16,694	20,057	20.1%
Depreciation, amortization and impairment	839	1,027	1,117			2,841	3,985
EBIT	3,881	4,416	3,980	2.5%	-9.9%	13,853	16,072	16.0%
Foreign Exchange Gains/(Loss)	(36)	2	47			(15)	46
Other Income, net	23	124	143			193	611
Provision for Tax	707	544	1,191			2,938	3,663
Net gain attributable to redeemable non-controlling / non-controlling interest	8	16	17			31	56
Net Income (Exculding one time milestone Bonus)	3,154	3,982	2,962	-6.1%	-25.6%	11,062	13,011	17.6%
One time Milestone Bonus	-	-	575			-	575
Net Income	3,154	3,982	2,387	-24.3%	-40.1%	11,062	12,435	12.4%
Gross Margin	40.1%	42.0%	40.3%			37.7%	40.9%
EBITDA Margin1	25.4%	28.2%	26.1%			23.6%	26.6%
EBIT Margin1	20.9%	22.9%	20.4%			19.6%	21.4%
Net Income Margin (Exculding one time milestone Bonus)	17.0%	20.6%	15.2%			15.6%	17.3%
Net Income Margin	17.0%	20.6%	12.3%			15.6%	16.5%
Earnings Per Share
LTM in `\| \| \| \| \| \| Annual in`
Basic	40.8	48.7	2 47.9			40.8	2 47.9
Diluted	40.8	48.7	2 47.9			40.8	2 47.9

Weighted Average Number Of Shares		Quarter Ended	Year Ended
	31-Mar-20	31-Dec-20	31-Mar-21	31-Mar-20	31-Mar-21
Basic	2,713,665,096	2,713,665,096	2,713,665,096	2,713,085,729	2,713,665,096
Diluted	2,713,665,096	2,713,665,096	2,713,665,096	2,713,665,096	2,713,665,096

1. Exclude the impact of onetime milestone bonus paid in Q4 FY'21: \$99.8 mn (\$78.8 mn net of tax); *728 crores (* 575 crores net of tax).

2. FY'21 EPS including impact of onetime milestone bonus stands at `45.8

28 -

(Amount in ` Crores)

	AS ON
Particulars	31-Mar-20	31-Mar-21
Assets
Cash and Cash Equivalents	4,843	6,515
Accounts Receivables, net	14,134	13,663
Unbilled Receivables	3,638	3,862
Term Deposits	3,542	7,202
Investment Securities, available for sale	6,988	6,773
Inventories	91	94
Other Current Assets	5,188	4,943
Total Current Assets	38,425	43,052
Property and Equipment, net	6,244	6,245
Operating lease right-of-use assets	2,624	2,392
Intangible Assets, net	29,421	29,150
Deferred Income Taxes, Net	2,277	2,386
Investments in Affiliates	38	47
Other Investments	39	42
Other Assets	4,149	4,389
Total Assets	83,216	87,702
Liabilities & Stockholders Equity
Current Liabilities	20,889	16,755
Borrowings	5,092	3,907
Operating lease liabilities	2,472	2,267
Other Liabilities	2,548	2,683
Total Liabilities	31,002	25,612
Redeemable Non-Controlling Interests	528	585
Total Stockholders Equity	51,686	61,506
Total Liabilities, Redeemable Non-Controlling Interests and Equity	83,216	87,702

HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL's Mode 1- 2-3 strategy, based on its deep-domain industry expertise, customer-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.

HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended March 31, 2021 HCL had consolidated revenue of US\$ 10.17 B. Its 168,977 Ideapreneurs operate out of 50 countries.

For more information, visit www.hcltech.com

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Sanjay Mendiratta [email protected] +91-120-6126000

Nikhil Gupta, CFA [email protected] +91-120-6126000

INVESTOR RELATIONS CORPORATE COMMUNICATIONS

Ravi Kathuria [email protected] +91-120-6126000

HCL Technologies Ltd., Technology Hub, SEZ, Plot No. 3A, Sec-126, Noida - 201304, India. www.hcltech.com

AI assistant

HCL Technologies Ltd — Regulatory Filings 2021

62415_rns_2021-04-23_2d4c65ba-6942-4778-b52d-ec289cb0cc25.pdf

Sub.: Board meeting – Audited Financial Results for the quarter and Financial Year ended March 31, 2021

Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS:

Segment Information of Consolidated Financial Results as per Ind AS :

Segmental capital employed

Consolidated Balance Sheet of HCL Technologies Limited as per Ind AS:

Consolidated Statement of Cash Flows of HCL Technologies Limited as per Ind AS:

Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS:

Standalone Balance Sheet of HCL Technologies Limited as per Ind AS:

Notes :

Annexure "A" Initial Disclosure to be made by entity identified as a Large corporate

Annexure "B1" Annual Disclosure to be made by entity identified as a Large corporate

By the order of the Board of Directors for HCL Technologies Limited

Sub: Declaration under Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

For HCL Technologies Limited

B S R & Co. LLP

INDEPENDENT AUDITORS' REPORT

TO THE BOARD OF DIRECTORS OF HCL Technologies Limited

Report on the audit of the Consolidated Annual Financial Results

Opinion

Basis for Opinion

Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Other Matter

Annexure 1

HCL Technologies Limited

List of Entities included in the consolidated annual financial results

Annexure 1 (contd.)

Annexure 1 (contd.)

INDEPENDENT AUDITORS' REPORT

TO THE BOARD OF DIRECTORS OF HCL Technologies Limited

Report on the audit of the Standalone Annual Financial Results

Opinion

Basis for Opinion

Management's and Board of Directors' Responsibilities for the Standalone Annual Financial Results

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

Other Matter

Rakesh Dewan

Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS:

Segment Information of Consolidated Financial Results as per Ind AS :

Segmental capital employed

Consolidated Balance Sheet of HCL Technologies Limited as per Ind AS:

Consolidated Statement of Cash Flows of HCL Technologies Limited as per Ind AS:

Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS:

Standalone Balance Sheet of HCL Technologies Limited as per Ind AS:

Notes :

Annexure "A" Initial Disclosure to be made by entity identified as a Large corporate

Annexure "B1" Annual Disclosure to be made by entity identified as a Large corporate

By the order of the Board of Directors for HCL Technologies Limited

INVESTOR RELEASE

Segment-wise Highlights

Mode 1-2-3 Highlights

Corporate Highlights.

Financial Highlights

Business Highlights

COVID-19 Initiatives

New Large Deals

In Q4, FY21, 19 new large deals were signed by HCL Technologies

Other Deal Wins/ Renewals

Products

Solutions

SAP Ecosystem

Microsoft Ecosystem

IBM Ecosystem

Amazon Web Services

Google Cloud Platform

Other partnerships

Digital Business:

Digital Foundation:

Digital Operations:

COVID-19 Response

Flagship Programs

Rural Programs

HCL Samuday

HCL Grant

Urban Programs

Clean NOIDA:

HCL Uday

HCL Technologies Ltd Regulatory Filings 2021