HCLTech’s Q3 FY25 Performance: A Comprehensive Overview

HCLTech has reported its Q3 FY25 financial results, showcasing a 5.5% year-over-year increase in net profit, reaching ₹4,591 crore. The company also added 2,134 employees during this quarter, reversing the decline observed in the previous quarter

Key Financial Highlights:

Revenue Growth: The consolidated revenue rose by 5.1% to ₹29,890 crore ($3.45 billion), slightly below analysts’ expectations of ₹30,068 crore.

Profit Increase: Net profit climbed to ₹4,591 crore, surpassing the anticipated ₹4,582 crore.

Deal Wins: The total contract value of new deals stood at $2.1 billion, a slight decrease from the previous quarter’s $2.22 billion but an improvement from $1.93 billion in the same period last year.

Revenue Forecast Adjustment: HCLTech has narrowed its fiscal year revenue growth forecast to 4.5%-5% from the earlier 3.5%-5%, indicating a more precise outlook for the remainder of the fiscal year.

Employee Metrics:

Workforce Expansion: The addition of 2,134 employees in Q3 FY25 marks a positive shift from the reduction of 780 employees in Q2.

Attrition Rate: The last twelve months (LTM) attrition rate stands at 12.9%, reflecting the company’s efforts in employee retention.

Dividend Announcement:

HCLTech has declared an interim dividend of ₹12 per share, contributing to a cumulative interim dividend of ₹42 per share for the fiscal year to date.

Market Context:

The Indian IT sector is navigating challenges such as inflation and global economic uncertainties. Despite these hurdles, HCLTech’s consistent performance and strategic adjustments underscore its resilience and adaptability in a dynamic market environment.

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HCLTech’s Q3 FY25 Financial Performance