HCL Technologies: Riding the Wave of Digital Growth and Profitability

HCL Technologies reported a 10.51% increase in net profit for the July-September quarter, with revenue up by 8.21%. The CEO highlighted strong pipelines in AI and digital engineering. An interim dividend was declared, while shares rose slightly on the BSE.

IT services giant HCL Technologies announced a significant rise in profit for the July-September quarter, marking a 10.51% increase to Rs 4,235 crore compared to Rs 3,832 crore the previous year. Revenue grew by 8.21% to Rs 28,862 crore.

Company CEO & Managing Director C Vijayakumar emphasized the strong pipeline in key areas like AI and digital engineering, noting the company's strategic focus on efficiency. CFO Shiv Walia highlighted improved EBIT margins and a robust return on invested capital.

HCLTech's workforce grew by 780 employees, and the firm provided a year-on-year revenue growth guidance of 3.5-5.0% in constant currency. An interim dividend of Rs 12 per share was also announced, with shares closing 0.89% higher on the BSE.

(With inputs from agencies.)