Mumbai, January 14 (UITV)- In the third quarter of FY 2025 (October-December), the country’s leading technology company HCL Technologies has performed brilliantly and earned a profit of Rs 4,591 crore. The company announced the results of the third quarter of FY 2025 (October-December period) on Monday.
The company has performed brilliantly in this quarter, registering a 5.5 percent increase in profit on an annual basis. HCL Tech’s profit in this quarter was Rs 4,591 crore, while the company’s total income grew by 5.1 percent to Rs 29,890 crore.
The company achieved EBIT margin of 19.5 percent in the third quarter, up from 18.58 percent in the second quarter of the previous financial year. EBIT margin increased by 90 bps on a quarterly basis, which was higher than the 19.3 percent estimated by analysts. This reflects the good performance of the company, which is growing strongly across various sectors.
HCL Tech has recruited 2,134 new employees this quarter, taking the total number of employees in the company to 2,20,755. However, the company’s attrition rate stood at 13.2 percent, which is slightly higher than 12.8 percent in the same period last fiscal.
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C Vijayakumar, CEO and Managing Director, HCL Tech, describing the strong performance of the company said, “HCL Tech has performed strongly with a quarter-on-quarter growth of 3.8 percent and EBIT margin of 19.5 percent in constant currency. This growth is driven by broad-based performance across the company’s various businesses. This reflects customer trust in our digital and AI products, which are spread across various sectors and geographies. ”
The company reported new deal bookings of $2.1 billion in the last quarter, which is a positive sign and can lead to strong revenue flow for the company in the future. Additionally, HCL Tech has announced a dividend of Rs 18 per share to its shareholders, including a special dividend of Rs 6 per share.
Analysts believe that HCL Tech’s third quarter performance and its revised guidance indicate that the company is on track to achieve better growth than tier 1 IT companies in FY25. This increasing momentum will enable the company to further strengthen its competition in the future.
HCL Tech’s third quarter performance puts it in a strong position in the technology sector and is giving positive signs for the company’s future.
