HCL Technologies Limited (HCLTech) declared strong growth in the first quarter of fiscal year 2024-25. The IT major posted a 20.45% increase in net profit to ₹4,257 crore from ₹3,534 crore in the same period last year.

 

In Q1FY2025, the company's operating revenue increased by 6.69% to ₹28,057 crore, up from ₹26,296 crore in Q1FY2024. The results exceeded market forecasts, as the company's net profit and revenue increased in the April-June period.

 

“HCLTech delivered an INR revenue growth of 6.7 per cent YoY, healthy given the global environment. EBIT margins came in at 17.1 per cent, steady on a YoY basis. We delivered PAT of ₹4,257 crore for the quarter, which translates to YoY growth of 20.4 per cent. Our cash flow generation remains robust with LTM FCF at ₹21,637 crore, 133 per cent of PAT and 88 per cent of EBITDA," said Prateek Aggarwal, chief financial officer at HCLTech.

 

"We remain committed to improving our capital efficiency and are pleased to report that Last Twelve Month (LTM) ROIC for the company is up 350 bps YoY at 34.6 per cent, and for the Services business, it is up 476 bps YoY at 42.8 per cent,” he said.

 

Revenue in the IT company's Lifesciences and Healthcare vertical fell 4.1% year on year, while Financial Services and Public Services, which include Energy and Utilities, Travel-Transport-Logistics, and Government, fell 1.3% and 3.7%, respectively.