HCL Technologies Reports Strong Quarterly Profit and Revenue Growth

HCL Technologies announced a 10.51% increase in net profit, reaching Rs 4,235 crore for the July-September quarter. Revenue rose to Rs 28,862 crore, marking an 8.21% gain. The company emphasized strong performance in digital sectors and achieved significant EBIT margin growth. An interim dividend of Rs 12 was declared.

HCL Technologies reported a robust financial performance for the July-September fiscal quarter, registering a 10.51% rise in consolidated net profit, reaching Rs 4,235 crore, compared to Rs 3,832 crore the previous year.

The company's revenue also saw an impressive growth of 8.21%, totaling Rs 28,862 crore. According to CEO & Managing Director C Vijayakumar, HCLTech's strong pipeline includes data & AI, digital engineering, SAP migration, and efficiency-led programs, driving the performance.

The CFO, Shiv Walia, highlighted the increase in EBIT margins to 18.6%, citing a positive fiscal trajectory. Despite reducing workforce numbers, HCLTech announced a revenue growth guidance of 3.5-5.0% and showcased innovative GenAI offerings set to enhance efficiency and growth in the medium term.

(With inputs from agencies.)