1) HCL Technologies announced on Monday, July 14, a 9.7% decline in its consolidated net profit for the June quarter, impacted by increased expenses and the one-time effect of a client's bankruptcy. The company reported a net profit (attributable to the owners of the firm) of ₹4,257 crore during the same period last year, as stated in a regulatory filing. For the quarter in review, revenue from operations increased by 8.1%, reaching ₹30,349 crore, compared to ₹28,057 crore in Q1FY25.
2) HCL Tech share price closed down by 1.04% at ₹1,619.95 per share on the BSE on Monday. The financial results were disclosed following the end of trading hours.
3) HCL Tech Q4 Results Live Updates: CEO says 'no impact of Trump tariff so far'
“We haven’t seen any specific impact so far. We see this playing out much faster in consumer and manufacturing segments. But if tariffs play foul, I don’t think any vertical would be left behind…all industries would be impacted,” said CEO and MD C Vijayakumar.
4) Additional data points - Q4FY25
• INR Revenue of Rs 30,246 crore, up 1.2% QoQ & up 6.1% YoY
• Constant Currency (CC) Revenue down 0.8% QoQ & up 2.9% YoY
• USD Revenue of $3,498M, down 1.0% QoQ & up 2.0% YoY
• Services CC Revenue up 0.7% QoQ & up 2.7% YoY
• Digital CC Revenue up 12.6% YoY; contributes 40.7% of Services
• HCLSoftware ARR at $1.03B, up 1.8% YoY CC
5) All this is for information. This is not a buy/sell recommendation.
Thank you,
Technofunda24