Company Revenue growth expected to be between 4.5% - 5.0% YoY in CC
FinTech BizNews Service
Mumbai, January 13, 2025: HCLTech Announced Results for Q3 FY25 today. The Board of Directors has today approved the un-audited (Consolidated & Standalone) Financial results of the Company for the quarter and nine months ended December 31, 2024. The Board of Directors has declared 4th Interim Dividend of Rs. 18/- per equity share of Rs. 2/- each of the Company for the Financial Year 2024-25. This includes a special dividend of Rs. 6/- per share to celebrate 25 years of the Company’s public listing. The Record date for the payment of the aforesaid interim dividend shall be January 17, 2025 and the payment date of the said interim dividend shall be January 24, 2025.
Q3 FY 2025 Highlights
Revenue
• INR Revenue of ₹29,890 Crores, up 3.6% QoQ & up 5.1% YoY
• Constant Currency (CC) Revenue up 3.8% QoQ & up 4.1% YoY
• USD Revenue of $3,533M, up 2.5% QoQ & up 3.5% YoY
• HCLTech Services CC Revenue up 2.2% QoQ & up 4.9% YoY
• Digital Revenue up 6.3% YoY CC; contributes 38.5% of Services
• HCLSoftware Revenue down 2.1% YoY CC
• HCLSoftware ARR at $1.02B, down 0.6% YoY CC 1
Profitability & Return Metrics
• EBIT at ₹5,821 Crores (19.5% of revenue), up 8.6% QoQ & up 3.7% YoY
• NI at ₹4,591 Crores (15.4% of revenue), up 8.4% QoQ & up 5.5% YoY
• ROIC (on LTM basis) – Company at 36.6%, up 385 bps YoY; Services at 44.7%, up 455 bps YoY
• OCF at $2,851M and FCF at $2,716M (on LTM basis)
• FCF/NI at 134% (on LTM basis)
• Dividend of ₹18/- per share including special dividend of ₹6/- per share to celebrate 25 years of HCLTech’s public listing. This represents 88th consecutive quarter of dividend pay-out 2 Bookings 3
• TCV (New Deal wins) at $2,095M People
• Total People Count at 220,755; Net addition: 2,134
• Added 2,014 freshers • LTM Attrition at 13.2%*, (up from 12.8% in Q3 of last year)
ESG - Awards and Recognitions
• HCLTech awarded Gold Status by EcoVadis
FY25 Guidance
• Company Revenue growth expected to be between 4.5% - 5.0% YoY in CC
• Services Revenue growth expected to be between 4.5% - 5.0% YoY in CC
• EBIT margin to be between 18.0% – 19.0%
Note: Attrition excludes involuntary attrition and digital process operations.
Roshni Nadar Malhotra Chairperson HCLTech
“HCLTech is well positioned as AI-led transformation brings new opportunities for growth. We continue to deliver industry-leading performance with governance and sustainability at the core.”
C Vijayakumar CEO & Managing Director HCLTec
HCLTech delivers another quarter of solid growth at 3.8% QoQ in constant currency and EBIT at 19.5%. I am pleased that this growth is powered by broad based performance across business lines as our clients across verticals and geos reaffirm their confidence in our Digital and AI offerings. Our new deal bookings were healthy during the quarter at $2.1B with wins across services and software. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees. We continue to see growing demand for our AI led propositions across services and software offerings.”
Shiv Walia Chief Financial Officer HCLTech
"HCLTech delivered yet another strong quarter with INR revenue of ₹29,890 Crores (up 3.6% QoQ and 5.1% YoY). Our razor-sharp focus on achieving topline growth with healthy margins is reflected in our highest ever EBIT of ₹5,821 crores and Net Profit of ₹4,591 crores this quarter. Q3 EBIT margins came in at 19.5% (up 93 bps QoQ). LTM Return on Invested Capital (ROIC) continues its growth trajectory and stands at 36.6% for the company (up 385 bps YoY), and at 44.7% for Services (up 455 bps YoY). Cash conversion (on LTM basis) continues to outpace our 5-year FCF/NI average of 126% with FCF/NI of 134% this quarter. This has further strengthened our Balance Sheet, helping us end the quarter with our highest ever cash balance of ₹27,707 Crores.”
