HCL Tech’s Q2FY25 Results
HCL Tech’s revenues grew 0.5% sequentially
- 16 Oct 2024
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- 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:
| (Rs crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 27,037 | 29,160 | 29,318 | 0.5% | 8% |
Total expenses | 21,909 | 23,453 | 23,631 | 1% | 8% |
Profit before tax | 5,128 | 5,707 | 5,687 | -0.4% | 11% |
Tax | 1,295 | 1,448 | 1,450 | 0.1% | 12% |
Profit after tax | 3,833 | 4,259 | 4,237 | -1% | 11% |
Earnings per share | 14.1 | 15.7 | 15.6 |
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
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