HCL Tech Q3FY25 Results: Revenue growth projected at 4.5-5% YoY in constant currency

In its latest earnings report, HCL Technologies has provided a growth guidance of 4.5-5% YoY in constant currency for company-wide and services revenue in FY25. The IT major showcased strong performance across key financial metrics, driven by consistent execution and broad-based growth across geographies and business verticals. The company also highlighted its focus on AI-led transformation and strategic initiatives to position itself for future growth.

Key Financial Highlights:

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  • Revenue: ₹29,890 crore, reflecting a 3.6% QoQ and 5.1% YoY growth.
  • Net Profit: ₹4,591 crore, marking an 8.4% QoQ rise and a YoY increase from ₹4,351 crore.
  • EBIT Margin: Improved to 19.5%, up 93 bps QoQ.
  • Cash Balance: Reached a record ₹27,707 crore.

Leadership Comments:

  • Roshni Nadar Malhotra, Chairperson:
    “HCLTech is well-positioned as AI-led transformation brings new growth opportunities. We continue to deliver industry-leading performance with governance and sustainability at the core.”
  • C Vijayakumar, CEO & Managing Director:
    “HCLTech delivered another quarter of solid growth at 3.8% QoQ in constant currency and EBIT at 19.5%. This growth is powered by broad-based performance across business lines and geographies. With new deal bookings at $2.1 billion, we are positioning for a transformative future driven by AI-led propositions across services and software offerings.”
  • Shiv Walia, CFO:
    “Our razor-sharp focus on achieving top-line growth with healthy margins is reflected in our highest-ever EBIT of ₹5,821 crore. LTM ROIC stood strong at 36.6%, with cash conversion outpacing our 5-year FCF/NI average. We end the quarter with our highest-ever cash balance.”