HCL Tech Q2 Results FY’2025 Key Financial Highlights (Q2 FY2025):
- Revenue from Operations: ₹28,862 crores, reflecting a 2.9% QoQ growth and an 8.2% YoY increase.
- EBIT: ₹5,362 crores, 18.6% of revenue, an 11.8% QoQ and 8.7% YoY growth.
- Net Income: ₹4,235 crores, representing 14.7% of revenue, a 10.5% YoY increase.
- Total Contract Value (TCV): $2,218 million, reflecting strong deal wins in the quarter.
- Attrition: LTM attrition stood at 12.9%, slightly up from 12.8% in Q1 FY2025.
ROIC(on LTM basis): Company at 35.7%, up 353 bps YoY; Services at 43.5%, up 403 bps YoY.
Financial Performance Overview:
HCL Technologies reported consolidated revenue of ₹28,862 crores for Q2 FY2025, up 2.9% QoQ and 8.2% YoY. The company’s EBIT stood at ₹5,362 crores, up 11.8% from the previous quarter. Profitability metrics remained strong, with a net income of ₹4,235 crores, representing a 10.5% YoY growth, despite challenges in the broader IT services industry. The company continued to expand its service offerings, with new digital transformation deals and AI-driven innovation.
HCL Tech Q2 Results FY’2025 Dividend Announcement:HCL Technologies announced a Dividend of ₹12/- per share, for the 87th consecutive quarter of dividend pay-out.
Key Operational Highlights:
- Digital and Software Growth: HCLSoftware revenue grew 9.4% YoY in constant currency terms, with annual recurring revenue (ARR) reaching $1.05 billion.
- New Deal Wins: Total contract value for new deal wins reached $2,218 million, reflecting continued demand for HCL’s digital and cloud offerings.
- Employee Additions: HCL added 2,932 freshers in Q2 FY2025, while total employee count stood at 218,621
Detailed Financial Metrics:
| Metrics | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 |
| Revenue from Operations (₹ Crores) | 28,862 | 28,057 | 26,672 |
| EBIT (₹ Crores) | 5,362 | 4,795 | 4,934 |
| Net Income (₹ Crores) | 4,235 | 4,257 | 3,832 |
| EBITDA (₹ Crores) | 6,369 | 5,793 | 5,944 |
| Attrition (%) | 12.90% | 12.80% | 14.20% |
| Total Contract Value (TCV) ($ Million) | 2,218 | – | – |
Management Commentary:
C Vijayakumar, CEO & Managing Director of HCL Technologies, commented: “We delivered a strong quarter with revenue growing 1.6% QoQ in constant currency and EBIT coming in at 18.6%. This growth was well distributed across verticals, geographies, and offerings. HCL Software has delivered a stellar performance of 9.4% YoY this quarter and 6.4% growth in H1 FY25 in constant currency, demonstrating the increasing relevance of our products for the digital economy. Our pipeline is very strong, including Data & AI, Digital Engineering, SAP migration and efficiency led programs. Our GenAI offerings like AI Force and AI Foundry are resonating very well with our clients and should be drivers of efficiency, growth, and innovation over the medium term.”