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HCLTech profit tumbles 6.2% to ₹4,307 cr in Q4
Financial Express Lucknow
|April 23, 2025
WITH HCLTECH MISSING Street estimates on both revenue and net profit front during the January-March quarter, the country's top four IT services firms showed subdued growth, primarily due to seasonal weakness, reduced discretionary spending, and global economic uncertainties, including US macroeconomic challenges and new tariffs.
While sequential growth was visible in some metrics, the Street remained cautious as all four firms issued muted guidance for FY26. However, AI (GenAI) is continuing to drive client interest and featured heavily in new deals. While missing Street estimates, HCLTech managed to roll out better guidance for FY26 compared to its peers. The Noida-headquartered company's consolidated revenue rose 1.2% quarter-on-quarter to ₹30,246 crore. But, it was lower than the analysts' estimate of ₹30,262 crore as polled by Bloomberg.
This story is from the April 23, 2025 edition of Financial Express Lucknow.
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