iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

HCLTech Q3 net profit zooms ~8.4% Q-o-Q to ₹4,591 Crore

14 Jan 2025 , 09:11 AM

HCLTech delivered a strong performance in the December quarter, with revenue, profit, and margins broadly meeting expectations.

The company’s net profit increased 8.4% QoQ to ₹4,591 Crore, just below the street estimates of ₹4,625 Crore. Revenue in rupee terms climbed 3.6% QoQ to ₹29,890 Crore, falling short of the estimate of ₹30,030 Crore. 

In dollar terms, revenue increased 2.6% sequentially to $3,533 million, slightly less than the poll prediction of $3,554 Million. Constant currency revenue growth in the quarter was 3.8%, falling short of the targeted 4-4.2% range.

The company’s total contract value (TCV) for the quarter was $2,095 Million, indicating a robust deal pipeline. The firm declared an interim dividend of ₹18 per share, including a special dividend of ₹6 per share, to honor its 25-year public listing. The record date is set for January 17, and payment is slated for January 24.

HCLTech has raised its revenue growth target in constant currency (CC) terms for the whole fiscal year FY25 by 100 basis points at the lower end. Revenue growth is now expected to range between 4.5 and 5%. The company has maintained its EBIT margin guidance at 18-19% for the whole year.

Attrition rates continued to fall, with the previous 12-month (LTM) result lowering to 13.2%, indicating increased staff retention.

While the products and platforms business experienced the usual seasonal strength, IT services growth was aided by the HPE CTG integration, which was completed in early December.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • HCLTech
  • HCLTech News
  • HCLTech Q3
  • HCLTech Results
  • HCLTech Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.