Mon Jan 13 23:33:03 UTC 2025: ## HCL Technologies Reports Strong Q3 Results, Raises FY25 Guidance

**Mumbai, January 13, 2025** – HCL Technologies (HCLTech) today announced strong third-quarter (Q3) results for the fiscal year 2025, exceeding expectations and prompting a slight upward revision to its full-year guidance. The IT major reported a 3.8% sequential growth in constant currency revenue, reaching ₹29,890 crore (approximately $3.6 billion USD), a 5% increase year-on-year. Net profit rose 5.5% year-on-year to ₹4,591 crore.

The robust performance was driven by broad-based growth across business lines, fueled by strong demand for HCLTech’s digital and AI offerings. New deal bookings totalled $2.1 billion. The company attributed the positive results to seasonal tailwinds from product business renewals and operating leverage, despite a wage hike impact and furloughs. EBIT margin reached 19.5%.

HCLTech’s improved performance led to an upgrade of its FY25 revenue growth guidance. The company now projects 4.5% to 5.0% year-on-year growth in constant currency, up from the previous forecast of 3.5% to 5.0%. The EBIT margin for FY25 is projected to be in the range of 18.0% to 19.0%.

The Board of Directors also declared an interim dividend of ₹118 per share, including a special dividend of ₹6 per share to celebrate 25 years of the company’s public listing. The record date for the dividend is January 17th, with payment on January 24th.

Analysts reacted positively to the results, although Bloomberg data shows a mixed outlook with 21 analysts recommending a buy, 15 a hold, and 8 a sell. The average 12-month price target suggests a potential slight decline. Despite this, HCLTech’s share price has shown significant growth over the past six and twelve months.

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