Mumbai, January 13 (IANS). Leading Indian technology company HCL Tech on Monday announced the results of the third quarter (October-December period) of FY25.
In the third quarter of FY25, the company’s profit increased by 5.5 percent year-on-year to Rs 4,591 crore. During this period, the company’s income has increased by 5.1 percent to Rs 29,890 crore.
The company’s EBIT margin stood at 19.5 percent in the third quarter, compared to 18.58 percent in the second quarter of FY25. EBIT margin expanded by 90 bps (quarterly on quarter), exceeding analysts’ estimates of 19.3 per cent.
The company has recruited 2,134 new employees in the third quarter and with this the number of HCL Tech employees has increased to 2,20,755.
The attrition rate in the company during the period October to December 2024 has been 13.2 percent, which is higher than the figure of 12.8 percent for the same period of the last financial year.
C Vijayakumar, CEO and Managing Director, HCL Tech, said, “HCLTech has recorded strong growth with EBIT of 3.8 per cent and 19.5 per cent on quarter-on-quarter basis in constant currency. I am glad that this growth is being seen across business lines. This reaffirms the confidence our customers have in the company’s digital and AI offerings across various sectors and geographies.”
The company’s new deal booking in the last quarter was $2.1 billion.
HCL Tech has declared a dividend of Rs 18 per share. This also includes a special dividend of Rs 6 per share.
According to analysts, the third quarter performance and revised guidance indicate that the company is on track to deliver higher growth than tier 1 IT companies in FY2025.
–IANS
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