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Informist, Tuesday, Apr. 22, 2025

 

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--HCL Tech Jan-Mar consol net profit INR 43.07 bln vs INR 45.91 bln qtr ago 
--Analysts saw HCL Tech Jan-Mar consol net profit INR 43.52 bln 
--HCL Tech Jan-Mar consol revenue INR 302.46 bln vs INR 298.90 bln qtr ago 
--HCL Tech Jan-Mar consol revenue dn 0.8% on qtr in constant currency terms 
--HCL Tech Jan-Mar consol EBIT INR 54.42 bln, down 6.5% on quarter 
--HCL Tech Jan-Mar consol EBIT margin 18% vs 19.5% qtr ago 
--HCL Tech Jan-Mar svcs revenue up 0.7% on qtr in constant currency terms 
--HCL Tech Jan-Mar HCLSoftware sales fall 12.9% on qtr in constant currency 
--HCL Tech Jan-Mar svcs EBIT margin 17.1% vs 17.5% quarter ago 
--HCL Tech Jan-Mar HCLSoftware EBIT margin 24.3% vs 34.5% quarter ago 
--HCL Tech FY25 consol revenue up 4.7% on year in constant currency terms 
--HCL Tech sales from Americas up 0.1% YoY in Jan-Mar 
--HCL Tech sales from Europe up 4.3% YoY in Jan-Mar 
--HCL Tech Jan-Mar financial svcs sales up 0.7% on yr in constant currency 
--HCL Tech Jan-Mar manufacturing sales down 6.1% on yr in constant currency 
--HCL Tech Jan-Mar life, health sales down 7.4% on yr in constant currency 
--HCL Tech Jan-Mar tech, svcs sales up 10.8% on year in constant currency
--HCL Tech wins new deals worth $3.00 bln in Jan-Mar vs $2.10 bln Oct-Dec 
--HCL Tech Jan-Mar attrition 13% vs 13.2% quarter ago 
--HCL Tech total headcount up 2,665 in Jan-Mar to 223,420 as on Mar 31 
--HCL Tech FY25 consol net profit INR 173.90 bln vs INR 157.02 bln year ago 
--HCL Tech FY25 consol revenue INR 1.17 tln vs INR 1.10 tln year ago 
--HCL Tech To pay INR 18 per share interim dividend

 

By Narayana Krishna

 

HYDERABAD - Volatile market conditions and lower revenue in the software services segment affected HCL Technologies Ltd.'s March quarter performance adversely. The company's margins, too, came under pressure sequentially, though they were in line with the overall guidance.

 

HCL Technologies reported a consolidated net profit of INR 43.07 billion, down 6.2% quarter-on-quarter and lower than the average of analysts' estimates of INR 43.52 billion. The software major's net profit growth was weaker than in the previous three quarters.

 

On the revenue front, HCL Technologies reported 1.2% sequential growth at INR 302.46 billion. The revenue growth, too, was weaker than in the previous two quarters. The company's Jan-Mar consolidated revenue was down 0.8% on quarter in constant currency terms.

 

The company earnings before interest and tax for the quarter were down by 6.5% on quarter at INR 54.42 billion, while the EBIT margin was 18%, against 19.5% a quarter ago.

 

 

HCLTech reported that its services revenue was up by 0.7% on quarter in constant currency terms, while its EBIT margin fell to 17.1% from 17.5% a quarter ago. Sales of the company's software business division, HCLSoftware, fell 12.9% on quarter, while its EBIT margin saw a significant fall to 24.3% from 34.5% in the December quarter.

 

The company's sales from the Americas for the quarter were up just 0.1% on year, while Europe sales were up 4.3% on year in constant currency terms. 

 

HCLTech's financial services segment sales were up 0.7% on year. Sales of the company's manufacturing and life and health segments for the quarter declined 6.1% and 7.4%, respectively, on year. Tech and services sales saw a rise of 10.8% on year, the company said.

 

HCLTech reported new deals worth $3.00 billion in the March quarter, against $2.10 billion worth of deals that it bagged in Oct–Dec. The company's attrition rate for the quarter was 13%, against 13.2% a quarter ago. Its headcount was up by 2,665 during the quarter, and stood at 223,420 as of Mar. 31.

 

For the financial year 2024–25 (Apr–Mar), HCLTech reported a consolidated net profit of INR 173.90 billion, up 10.8% from FY24, while its revenue was up 6.5% at INR 1.17 trillion. The company's consolidated revenue was up 4.7% in constant currency terms.

 

The board of HCL Technologies approved the payment of INR 18 per share as interim dividend. Shares of the company ended Tuesday's trading session at INR 1,479.90 on the National Stock Exchange, down 0.1%. The company detailed its earnings after market hours.  End

 

US$1 = INR 85.18

 

Edited by Rajeev Pai

 

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