HCL Tech’s Q2FY25 Results

• HCL Tech reported a marginal 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended September (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8%.
• Its expenses for the quarter were up by 1% QoQ and 8% YoY.
• The net profit decreased 1% QoQ and increased 11% YoY.
• The earnings per share (EPS) of HCL Tech stood at 14.1 during Q2FY25.

HCL Tech’s Financial Statements for Q2FY25:

Financials:

Revenue

• Revenue of ₹28,862 Crores, up 2.9% QoQ & up 8.2% YoY
• Constant Currency (CC) Revenue up 1.6% QoQ & up 6.2% YoY
• USD Revenue of $3,445M, up 2.4% QoQ & up 6.8% YoY

Profitability & Return Metrics:

• EBIT at ₹5,362 crores (18.6% of revenue), up 11.8% QoQ & up 8.7% YoY
• NI at ₹4,235 Crores (14.7% of revenue), down 0.5% QoQ & up 10.5% YoY
• ROIC (on LTM basis) – Company at 35.7%, up 353 bps YoY; Services at 43.5%, up 403 bps YoY

Management Commentary:

Roshni Nadar Malhotra, Chairperson, HCLTech:

• Committed to sustainable and responsible business growth.
• Focus on upskilling in next-gen technologies for client success.
• Expanding global community engagement footprint.

C Vijayakumar, CEO & Managing Director, HCLTech:

• Revenue growth: 1.6% QoQ (constant currency); EBIT at 18.6%.
• Strong growth across verticals, geographies, and offerings.
• HCL Software: 9.4% YoY growth; 6.4% growth in H1FY25 (constant currency).
• Strong pipeline in Data & AI, Digital Engineering, SAP migration.
• GenAI offerings drive efficiency, growth, and innovation.

Shiv Walia, CFO, HCLTech:

• Constant currency revenue growth: 6.2% YoY; INR revenue: ₹28,862 Crores.
• Sequential growth: 2.9%; YoY growth: 8.2%.
• EBIT margins up to 18.6% (up 149 bps QoQ).
• LTM ROIC: 35.7% (company), 43.5% (Services); ROIC expansion of 353 bps YoY.
• Strong cash conversion: LTM FCF/NI at 119%.

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results