HCL Tech Q2FY25 Results Key Takeaways: Revenue, PAT, dividend, attrition rate, orders and other important components

HCL Tech July-September Quarter Results Key Takeaways: HCL Technologies announced its second quarter (Q2FY25, July-September quarter) results today (Monday, October 14, 2024), reporting a 2.9 per cent jump in its revenue from operations, but it also witnessed a decrease in profit after (PAT) quarter-on-quarter (QoQ).

The attrition rate worsened in the current quarter.

The tech giant also announced a 600 per cent interim dividend for the July-September quarter.

In this write-up, we take you through the key takeaways from HCL Tech's Q2Fy25 results.  

HCL Tech Q2FY25: Revenue

The company's revenue of Rs 28,862 crore was up 2.9 per cent QoQ, while 8.2 per cent Year-on-Year (YoY).

Zee Business analysts had estimated HCL Tech to register a consolidated net profit of Rs 4,000 crore over revenue of Rs 28,450 crore or $3,395 million for the September quarter. 

Its constant current (CC) revenue, on the other hand, saw a rise of 1.6 per cent QoQ and 6.2 per cent YoY.

The USD revenue was at $3,445 million, up 2.4 per cent QoQ and 6.2 per cent YoY.

HCL Tech Q2FY25: Profitability and Return Metrics

The company reported an EBIT of Rs 5,363 crore, which was 18.6 per cent of revenue. EBIT was up by 11.8 per cent QoQ and 8.7 per cent YoY.

The net income was down 0.5 per cent to Rs 4,235 crore QoQ . However, on a YoY basis, it rose 10.5 per cent. 

HCL Tech Q2FY25: Bookings

HCL won new deals worth $2,218 million during the second quarter.

HCL Tech Q2FY25: Attrition Rate

The company's LTM attrition rate for the second quarter was 12.9 per cent, down from 14.2 per cent in the same quarter last year, it says.

There was a net addition of 780 employees, as the total people count now stands at 218,621, as per the company's release.

As many as 2,932 freshers were added to the company, the IT company says in a statement on Monday.

HCL Tech Q2FY25: FY25 Guidance

In its guidance for FY25, the company expects its revenue growth to be between 3.5 per cent-5.0 per cent YoY in constant currency.

It expects its service revenue growth to be between 3.5 per cent to 5.0 per cent YoY.

The EBIT margin is expected to be between 18.0 per cent and 19.0 per cent, says HCL Tech.

HCL Tech Q2FY25: Dividend 

The company announced an interim dividend of Rs 12/- per share, 600 per cent, of the face value of Rs 2 share each.

It was the 87th consecutive quarter of dividend pay out, says the firm.

The record date has been fixed as October 22, 2024, while the dividend amount will be paid to eligible shareholders on October 30, 2024.

HCL Tech Share Price

The stock of the company closed trading on BSE on Monday up by 0.89 per cent, or Rs 16.45, at Rs 1,856.