HCLTECH posts steady Q4 results and shows signs of a comeback with positive growth outlook and technical rebound

India’s third-largest IT services exporter, surged up to 7% on April 23, emerging as the top performer on the Nifty 50 after announcing its Q4FY25 results. Consolidated net profit rose 8% YoY to ₹4,307 crore, while revenue grew 6% YoY to ₹30,246 crore. In constant currency terms, revenue declined 0.8% QoQ but increased 2.9% YoY, in line with street expectations. Dollar revenue stood at $3,498 million, down 1% QoQ and up 2% YoY. Services revenue in CC increased 0.7% QoQ and 2.7% YoY, with digital revenue comprising 40.7% of services which is up 12.6% YoY, highlighting strong traction in digital transformation deals. EBIT stood at ₹5,442 crore, marking an 8.4% YoY rise but a 6.5% QoQ decline. The EBIT margin improved YoY to 18% from 17.6%, though sequentially moderated from 19.5%. The company maintained its EBIT margin guidance at 18–19% and issued a FY25 constant currency revenue growth outlook of 2–5%, higher than Infosys' 0–3%, indicating a relatively stronger demand pipeline. Technically, the stock had been under pressure since January 2025, falling from around ₹2000 to a low of ₹1300, forming a clear lower-high, lower-low structure. However, in April, the trend showed signs of reversal, supported by increased volumes and strong bullish candles. Key resistance levels at ₹1420, ₹1482.70, and ₹1507.50 have been taken out, with the stock currently hovering near the critical ₹1600 mark. The daily RSI stands at 59.51, indicating bullish momentum with further room to run. A sustained breakout above ₹1600 could open up targets at ₹1656.50 and ₹1680.30, while on the downside, strong support is seen in the ₹1480–₹1500 range. Price action over the coming sessions will be crucial in determining whether this is a structural reversal or a short-term relief rally. I have attached the daily chart of for your reference. Follow me for more such posts, Thank You!