HCLTech Reports Strong Q2 Earnings and Raises Revenue Forecast
The IT giant's profit surged by 10.5% as it surpassed revenue estimates and declared a dividend.
- HCLTech's consolidated net profit for Q2 rose to ₹4,237 crore, marking a 10.5% increase from the previous year.
- The company reported a total income of ₹29,318 crore for the quarter, up from ₹27,037 crore last year.
- HCLTech raised the lower end of its fiscal year 2025 revenue growth forecast to 3.5%-5%, citing improved business momentum.
- Despite a challenging environment, HCLTech's revenue from most verticals grew, although BFSI and life sciences saw declines.
- The Board declared an interim dividend of ₹12 per share, reflecting confidence in the company's financial health.