HCLTech Q4 Results: PAT drops 6% but meets analysts' expectations; Rs 18 dividend declared

HCLTech Q4 FY25 Results: Noida-based IT technology company HCLTech on Tuesday reported a consolidated net profit of Rs 4,307 crore for the quarter ended March 31, marking a sequential decline of 6.2 per cent. Its revenue grew 1.2 per cent on a quarter-on-quarter basis to Rs 30,246 crore for the January-March period, according to a regulatory filing. 

In constant currency terms, the software exporter said its revenue declined 0.8 per cent sequentially. Revenue from services fell 0.7 per cent sequentially, it said. 

The IT firm's top and bottom lines met the mark compared to analysts' expectations.

According to Zee Business research, HCLTech was estimated to register a consolidated net profit of Rs 4,260 crore and revenue of Rs 30,146 crore for the final quarter of FY25.  

HCLTech Q4 Results Highlights | How the Noida-based IT major performed operationally

The company logged a 6.5 per cent sequential decline in its quarterly earnings before interest and taxes (EBIT) to Rs 5,442 crore. 

HCLTech's margin contracted by 151 basis points (bps) to 17.99 per cent from 19.50 per cent.   

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HCLTech declares interim dividend

The company declared an interim dividend of Rs 18 per equity share. 

HCLTech management commentary 

HCLTech grew the fastest among its peers for a second straight year as it "witnessed yet another year of disciplined execution", said its CEO and Managing Director C Vijayakumar. 

"We delivered on our FY25 guidance with revenue growth of 4.7 per cent in constant currency and EBIT margin of 18.3 per cent. HCL Software growth continues to accelerate as it grew 3.5 per cent CC this year," said the CEO.

"We saw very strong new bookings of $3B this quarter catalysed by our AI propositions and integrated GTM organisation that was set up at the start of the fiscal year. The strength of our execution should present us good medium-term opportunities emerging out of global uncertainties while we navigate the short-term cautiously," he added. 

HCLTech revenue and margin growth guidance

HCLTech gave an EBIT margin guidance of 18-19 per cent for the current financial year, which began on April 1.

The company said it expects revenue growth to be between 2.0 per cent and 5.0 per cent in constant currency on a year-on-year basis.  ​

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HCLTech new deal wins 

The company said the total contract value (TCV) of its new deal wins secured during the quarter stood at $2,995 million, marking an improvement over deal wins worth $2,095 million during the third quarter of FY25. 

HCLTech attrition

Attrition eased at the IT firm. The rate of attrition on a last-12-month basis stood at 13 per cent in Q4, marking an improvement over 13.2 per cent in the previous quarter. 

Its total workforce stood at 2,23,420 at the end of Q4, with a net addition of 2,665. 

HCLTech shares

Earlier on Tuesday, HCLTech shares ended flat at Rs 1,480.1 apiece on BSE. 

At the current level, the IT stock has declined 22.3 per cent so far in 2025, underperforming a gain of 1.8 per cent in the headline Nifty 50 index. 

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Constant Currency (CC) Revenue down 0.8% QoQ