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Hot Pursuit News

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(13 Jul 2024, 11:59)

HCL Tech records PAT of Rs 4,257 crore in Q1; EBIT margin at 17.1%

HCL Technologies has reported 6.8% rise in consolidated net profit to Rs 4,257 crore in Q1 FY25 from Rs 3,986 crore in Q4 FY24.


Revenue from operations declined 1.6% to Rs 28,057 crore in the first quarter of FY25 from Rs 28,499 crore recorded in the last quarter of FY24.

On a year-over-year (YoY) basis, HCL Tech's net profit and revenue for Q1 FY25 are higher by 20.4% and 6.7%, respectively.

EBIT for Q1 FY25 was Rs 4,795 crore, down 4.4% QoQ and up 7.5% YoY. EBIT margin was 17.1% for Q1 FY25 as against 17.6% in Q4 FY24 and 17% in Q1 FY24.

In dollar terms, the IT firm's revenue for the period under review was $3,364 million in Q1 FY25, down 1.9% QoQ and up 5.1% YoY. In constant currency (cc) terms, revenue in the June’24 quarter was down 1.6% QoQ but up 5.6% YoY.

Total contract value (TCV) of new deal wins was $1,960 million at the end of June’24 quarter.

Total people count stood at 219,401 a...

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