HCLTech’s net profit was Rs 4,000 crore, with a Rs 18 dividend per share

For the March quarter, HCLTech reported a flat net profit of Rs 3,986 crore on Friday. The net profit for the same period last year was Rs 3,983 crore. Compared to Q4FY23’s Rs 26,606 crore, the quarter’s revenue from operations climbed by 7% to Rs 28,499 crore.

Constant currency sales growth for the firm is anticipated to range from 3% to 5% YoY in FY25, while the EBIT margin is projected to be between 18% and 19%.

C Vijayakumar, CEO & MD of HCLTech, said during a press conference, “We continue to remain optimistic about the opportunities ahead of us.” In FY25, a few of the big contracts we secured will switch to a worldwide delivery model, which will lower revenue.

He continued by saying that the macro situation may resemble FY24. The use of AI will only increase worldwide corporate IT spending in the future. With our AI-led offerings, global delivery strategy, and perfect combination of technology services and products, we are well-positioned to profit,” he said.With new transaction wins of $2,290 million, its EBIT for the fourth quarter increased 3.8% YoY to Rs 5,018 crore (17.6% of sales). HCLTech has secured 21 major contracts.

In contrast to its competitors, the firm hired 3,096 new hires during the quarter and 12,141 new hires in FY24. In Q4, it had a net increase of 2,725. Attrition for the IT firm decreased to 12.4% in Q2 of this year from 19.5% in Q4 of previous year. HCLTech’s chief people officer, Ramachandran Sundararajan, said that the company would visit the college this fiscal year and that fresher recruiting in FY25 will resemble FY24.