IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.

The Board has declared a fourth interim dividend of Rs 18 per share, which includes a special dividend of Rs 6 per share to celebrate 25 years of the company’s public listing.

The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).

In constant currency (CC) terms, revenue growth for the quarter stood at 4% YoY. Meanwhile, the USD revenues during the reporting period rose 3.5% YoY to $3.53 billion.

HCL Tech Q3 Results Live updates HCL Tech said the growth during the quarter is powered by broad based performance across business lines. “Clients across verticals and reaffirmed their confidence in our digital and AI offerings. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees,” said C Vijayakumar, CEO and MD HCL Tech.

New deal wins

Its new deal bookings were healthy during the quarter at $2.1 billion with wins across services and software. “HCL Tech is well positioned as AI-led transformation brings new opportunities for growth. We continue to deliver industry-leading performance with governance and sustainability at the core,” said Roshni Nadar, Chairperson, HCL Tech..

Segment results

Segment wise, HCL Tech’s services revenue in CC terms rose 5% YoY and 2% QoQ, while the digital revenues was up 6% YoY.

Outlook for FY25

The company sees its revenue growth to be between 4.5-5% YoY (CC) for the current fiscal year, while EBIT margins are expected anywhere between 18-19%. It also pegged services revenue growth for FY25 between 4.5-5% YoY.

HCL Tech has added a net of 2,134 employees during the third quarter with LTM attrition was slightly higher from the year-ago quarter at 13.2%.

The company closed the quarter with highest ever cash balance of Rs 27,707 crore as cash conversion (on LTM basis) continued to outpace its 5-year FCF/NI average of 126%.

On Monday, HCL Tech shares closed 1.01% lower at Rs 1,975 on NSE.

IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.

The Board has declared a fourth interim dividend of Rs 18 per share, which includes a special dividend of Rs 6 per share to celebrate 25 years of the company’s public listing.

The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).

In constant currency (CC) terms, revenue growth for the quarter stood at 4% YoY. Meanwhile, the USD revenues during the reporting period rose 3.5% YoY to $3.53 billion.

HCL Tech Q3 Results Live updates HCL Tech said the growth during the quarter is powered by broad based performance across business lines. “Clients across verticals and reaffirmed their confidence in our digital and AI offerings. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees,” said C Vijayakumar, CEO and MD HCL Tech.

New deal wins

Its new deal bookings were healthy during the quarter at $2.1 billion with wins across services and software. “HCL Tech is well positioned as AI-led transformation brings new opportunities for growth. We continue to deliver industry-leading performance with governance and sustainability at the core,” said Roshni Nadar, Chairperson, HCL Tech..

Segment results

Segment wise, HCL Tech’s services revenue in CC terms rose 5% YoY and 2% QoQ, while the digital revenues was up 6% YoY.

Outlook for FY25

The company sees its revenue growth to be between 4.5-5% YoY (CC) for the current fiscal year, while EBIT margins are expected anywhere between 18-19%. It also pegged services revenue growth for FY25 between 4.5-5% YoY.

HCL Tech has added a net of 2,134 employees during the third quarter with LTM attrition was slightly higher from the year-ago quarter at 13.2%.

The company closed the quarter with highest ever cash balance of Rs 27,707 crore as cash conversion (on LTM basis) continued to outpace its 5-year FCF/NI average of 126%.

On Monday, HCL Tech shares closed 1.01% lower at Rs 1,975 on NSE.