HCL Technologies (HCL Tech), one of the major India's IT firm on Friday (July 12) announced its financial results for the Q1FY25. As per the regulatory filing, the company reported a revenue of Rs 28,057 crores, a 1.6 per cent decline quarter-on-quarter (QoQ).
However on the year-on-year (YoY) basis, the revenue saw a 6.7 per cent growth. On constant currency (CC), the revenue posted a 1.
6 per cent dip QoQ but a 5.6 per cent rise YoY. The company's earnings before interest and taxes (EBIT) reached Rs 4,795 crores, a 17.
1 per cent of the total revenue. It posted a 4.4 per cent decline QoQ but a 7.
5 per cent increase YoY. The net income stood at Rs 4,257 crores, accounting for 15.2 per cent of the revenue, a 6.
8 per cent surge QoQ and a 20.4 per cent rise YoY. Services and Digital Segments The services revenue saw a slight decline of 1.
9 per cent QoQ but grew by 5.8 per cent YoY in constant currency terms. However, the company's digital revenue rose by 6.
0 per cent YoY in CC, contributing a 37.4 per cent to the overall services revenue. Shares performance The shares of the company on Friday at 3:30 pm IST ended the day at Rs 1,561.
75, up by 3.30 per cent. Shares performance - HCL tech | Dividend Announcement The company announced a dividend of Rs 12 per share, continuing its streak of 86 consecutive quarters of dividend payouts.
ESOP Update On July 11, 2024, HCL Tech's Nomination and Remuneration Committee (NRC) granted restricted stock units (RSUs) to eligible employees under the RSU Plan 2021 and RSU Plan 2024. The company granted RSUs to the eligible employees of the Company and its subsidiaries under the HCLTechnologies Limited | HCL Tech The company granted 7,384 RSUs to four employees under the 2021 plan, and 15,20,235 RSUs were granted to 1,402 employees under the 2024 plan. Each RSU entitles the holder to one fully paid-up equity share of Rs 2 upon vesting and exercise.
Financial Snapshot: Consolidated and Standalone Results Consolidated financial results Total Income: Rs 29,160 crores (up from Rs 26,640 crores YoY) Total Expense: Rs 23,453 crores (up from Rs 21,944 crores YoY) Profit for the Period: Rs 4,259 crores (up from Rs 3,531 crores YoY) Standalone results Total Income: Rs 12,105 crores (up from Rs 11,713 crores YoY) Total Expense: Rs 8,704 crores (up from Rs 8,304 crores YoY) Profit for the Period: Rs 2,479 crores (down from Rs 2,596 crores YoY).
