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Global technology firm HCLTech on Monday announced a 10.5% year-on-year (YoY) rise in net profit, reaching Rs 4,235 crore for the July-September quarter of FY25. However, on a quarter-on-quarter (QoQ) basis, the net profit dipped slightly by 0.5%.
The company’s revenue from operations surged to Rs 28,862 crore, marking an 8.2% increase compared to the same period last year, according to a company statement. HCLTech’s earnings before interest and taxes (EBIT) margin rose by 149 basis points sequentially, standing at 18.6%.
C Vijayakumar, CEO and Managing Director of HCLTech, said the company delivered a strong quarter with revenue growth of 1.6% QoQ in constant currency terms, while the EBIT margin reached 18.6%. “This growth was well-distributed across verticals, geographies, and offerings. HCL Software has shown exceptional performance with a 9.4% YoY growth this quarter and a 6.4% rise in the first half of FY25 in constant currency, highlighting the increasing relevance of our products in the digital economy,” Vijayakumar noted.
The company declared a dividend of Rs 12 per share, marking the 87th consecutive quarter of dividend payouts.
Workforce Expansion
HCLTech’s workforce has grown to 218,621 employees, with the addition of 780 workers in Q2, along with 2,932 freshers. For FY25, the company expects revenue growth between 3.5% and 5.0% YoY in constant currency.
Chief Financial Officer Shiv Walia highlighted the company’s robust financial performance, with constant currency revenue growth at an industry-leading 6.2% YoY.
Looking ahead, Vijayakumar expressed optimism about the company’s pipeline, particularly in areas like data and AI, digital engineering, SAP migration, and efficiency-focused programs. “Our GenAI offerings, such as AI Force and AI Foundry, are resonating well with clients and are poised to drive efficiency, growth, and innovation in the medium term,” he added.
