Tue Jan 14 17:03:16 UTC 2025: ## HCLTech Reports Strong Q3 Earnings, Beats Expectations

**MUMBAI, INDIA** – HCL Technologies (HCLTech) announced strong third-quarter earnings on January 13th, exceeding market expectations in several key areas. The IT firm reported a 5.5% year-on-year increase in net profit, reaching ₹4,591 crore (approximately $555 million USD), slightly exceeding analyst predictions. Revenue from operations also saw a 5% rise to ₹29,890 crore (approximately $362 million USD).

Despite missing slightly on revenue and profit predictions from a Moneycontrol poll of brokerages, HCLTech declared an interim dividend of ₹18 per share, including a special ₹6 dividend to celebrate its 25th anniversary of public listing. The company also revised its full-year revenue growth guidance upward, projecting a 4.5-5% increase in constant currency terms. Q3 EBIT margins reached 19.5%, exceeding their guidance.

CEO C Vijayakumar highlighted the “solid growth” driven by strong performance across business lines and increased demand for AI-led propositions. CFO Shiv Walia emphasized the company’s “razor-sharp focus” on topline growth and healthy margins, noting record-high EBIT and net profit. HCLTech also reported its highest ever cash balance of ₹27,707 crore.

Despite the positive earnings report, HCLTech’s share price fell more than 1% on the NSE before the announcement, ending the trading session at ₹1,975. The news follows the India’s Largest Regional Retail Option Traders Summit (BOTS) organized by Traders Gurukul. The summit, held on the 2nd or 3rd Sunday of each month across major Indian cities, aims to improve access and create new revenue streams for brokers.

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