HCL Tech Q3 Results: Consolidated PAT Jumps 8.4% QoQ To Rs 4,591 Crore; FY25 Revenue Growth 4.5% - 5% YoY

HCL Technologies Q3 Results: HCL Technologies, a Shiv Nadar-backed tech giant, has reported 8.4% QoQ and 5.5% YoY growth in consolidated net profit to Rs 4,591 crore in the third quarter of FY25. In Q3, the tech giant's consolidated revenue came in at Rs 29,890 crore, registering growth of 3.6% QoQ and 5.1% YoY. The performance is broadly in line with estimates. FY25 revenue growth also came in line, in the range of 4.5% to 5% ahead.

On the top-line front, the constant currency revenue growth stood at 3.8% QoQ and 4.1% YoY. In dollar terms, the revenue was at $3,533 million, up by 2.5% QoQ and 3.5% YoY.

Furthermore, the company's Services CC Revenue witnessed an upside of 2.2% QoQ and 4.9% YoY. Additionally, the Digital Revenue jumped 6.3% YoY CC, while contributing 38.5% of services. However, HCLSoftware Revenue was down by 2.1% YoY CC, and that of HCLSoftware ARR revenue came in at $1.02 billion, declining marginally by 0.6% YoY CC.

Under the bottom-line front, EBIT stood at Rs 5,821 crore, 19.5% of revenue. In the quarter under review, EBIT growth stood at 8.6% QoQ and 3.7% YoY.

The TCV new deal wins emerged at $ 2,095 million in the quarter.

CVijayakumar, CEO & Managing Director at HCL Tech said, "HCLTech delivers another quarter of solid growth at 3.8% QoQ in constant currency and EBIT at 19.5%. I am pleased that this growth is powered by broad-based performance across business lines as our clients across verticals and geos reaffirm their confidence in our Digital and AI offerings."

He added, "Our new deal bookings were healthy during the quarter at $2.1B with wins across services and software. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees. We continue to see growing demand for our AI-led propositions across services and software offerings."

Additionally, Roshni Nadar Malhotra, Chairperson at HCL Tech said, the company is well positioned as AI-led transformation brings new opportunities for growth. She added, "We continue to deliver industry-leading performance with governance and sustainability at the core."

For the full year fiscal FY25, HCL Tech is predicting revenue growth in the range of 4.5% - 5.0% YoY in CC, while Services Revenue growth is expected to be between 4.5% - 5.0% YoY in CC. Also, EBIT margin is forecasted to be between 18.0% - 19.0%.

HCL Tech declared its Q3 results after market hours. On January 13, HCL Tech's share price closed at Rs 1985.25 apiece, down by Rs 10.35 or 0.52%. The market cap is at Rs 5,38,730.36 crore on BSE.