HCL Q1 profit rises 20% to ₹4,257 cr

Q1 usually soft quarter, CEO says confident of sequential growth in financial services after Q2

- UMA KANNAN

HCLTECH'S June quarter performance beat Street estimates as the IT services firm posted a 20% year-on-year increase in its consolidated net profit at ₹4,257 crore compared to ₹3,534 crore in the year-ago period. Its revenue from operations in the first quarter was 28,057 crore, up 6.7% compared to ₹26,296 crore in the same quarter last year.

The company retained its constant currency (CC) revenue growth guidance between 3% and 5% in FY25 and EBIT margin is expected to be between 18% and 19%.