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HCLTech Q1FY25 results: Net profit rises 20.4% to

HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore HCLTech maintained revenue guidance for FY25 at 3-5% India’s third-largest IT services firm HCLTech maintained its FY25 revenue growth guidance in the range of 3 per cent to 5 per cent. The Noida-headquartered IT services major HCLTech’s net profit for the first quarter of FY25 came in at Rs 4,257 crore. Profits were up 20.4 per cent year-on-year (Y-o-Y) and grew 6.8 per cent sequentially. Revenue for the quarter grew 6.7 per cent Y-o-Y to Rs 28,057 crore. On a sequential basis, revenue growth was up by 1.6 per cent. HCLTech’s Q1 performance was a marginal beat compared to Bloomberg estimates. Bloomberg had estimated revenue to be at Rs 28,024 crore and net profit to be at Rs 3,845 crore. ©SHIRSENDU KARMAKAR #HCL
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