HCL Tech Q3 Results: Net profit increased by 5.5% to Rs 4,591 crore and revenue increased by 5% YoY. dividend declared

HCL Technologies Third Quarter Results: HCL Technologies announced its October-December quarter results for fiscal year 2024-25 (Q3 FY25) on Monday, January 13, reporting a 5.5% increase in consolidated net income. did. INR459.1 billion, compare INRIn the same period last year, it was $4.35 billion.

India’s third largest IT services major’s operating revenue grew by 5% in Q3 FY25; INR29,890 billion, compared to INRThe same period last year was 2,844.6 billion yen. Net income and revenue subsequently increased by 8.4 percent and 3.5 percent, respectively.

The IT major’s board announced its fourth interim dividend of Rs 100 million. 18 rupees per share. In fiscal 2025, each company will have two people. This includes a special dividend of Rs 100 million. 6 per share to commemorate the 25th anniversary of the IT giant’s listing.

HCL Tech today said in a regulatory filing with stock exchanges that “the record date for the payment of the aforementioned interim dividend shall be January 17, 2025, and the payment date for the said interim dividend shall be January 24, 2025.” said.

This means 88 consecutive quarters of dividend payments. New business wins were $2.1 billion in the quarter, compared to $2.22 billion in the previous quarter and $1.93 billion in the year-ago period.

“HCL Tech is well-positioned as AI-driven transformation brings new growth opportunities. We continue to deliver industry-leading performance with governance and sustainability at our core.” said Roshni Nadar, Chairman.

HCL Tech has updated its sales growth forecast for the current fiscal year to 4.5% to 55% on a constant currency basis, from the previous 3.5% to 5%.

“Our sharp focus on achieving top-line growth at healthy margins is reflected in our record-high EBIT. INR582.1 billion and net profit INR459.1 billion for this quarter. LTM return on invested capital continues its growth trajectory at 36.6% (up 385 bps YoY) for Corporate and 44.7% (up 455 bps YoY) for Services. This further strengthened our balance sheet and allowed us to end the quarter with our highest cash balance ever. INR27,707 crore,” said HCL Tech Chief Financial Officer Shiv Walia.

Service revenue growth is expected to be 4.5-5% year over year in constant currency (CC). EBIT margin is expected to be 18-19%. Attrition rates continued to decline, with the trailing twelve month (LTM) figure falling to 13.2%, reflecting improved employee retention.

“HCL Tech has delivered another strong quarterly growth of 3.8 percent quarter-on-quarter on a constant currency basis and 19.5 percent EBIT. Our clients across industries and geographies have reaffirmed their confidence in us. We are pleased that this growth is underpinned by broad-based performance across our business lines.”About our digital and AI services, he said:

“Our new business bookings for the quarter were strong at $2.1 billion, with success across services and software. We are positioning ourselves to see continued demand for AI-driven propositions across services and software products,” added Vijaykumar.

This copy is being updated