HCLTech shares are in the spotlight after the company reported net profit of ₹4,235 crore, surpassing the poll estimate of ₹4,142 crore. The company’s revenue, EBIT, and margins were all higher than expected, with constant currency revenue growth at 1.6%, beating the projected 0.6% growth.
In a significant update, HCLTech has raised its FY25 revenue guidance. The company now expects year-on-year (YoY) revenue growth in the range of 3.5% to 5.0% in constant currency terms, reflecting its confidence in continued growth across its business segments.
HCLTech also revised its guidance for Services Revenue growth, projecting the same 3.5% to 5.0% YoY in constant currency. The company expects its EBIT margin to remain strong, between 18.0% and 19.0% for FY25.
This revised guidance comes on the heels of HCLTech’s strong Q2 FY25 performance, with substantial growth in both revenue and profitability. With a strong bookings pipeline and a positive outlook, HCLTech is well-positioned for sustained growth in the upcoming fiscal year.
As of 9:15 am shares of HCLTech were trading % higher at Rs on NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
