HCLTech posts 11% increase in Q2 net profit, raises FY25 revenue growth guidance

BENGALURU: IT services firm HCLTech on Monday reported better-than-expected earnings for the second quarter that ended on September 30, which has given the company confidence to increase the lower end of its FY25 revenue growth guidance from 3%-5% to 3.5%-5%.

The company has posted a 10.5% increase in Q2 net profit at Rs 4,235 crore compared to Rs 3,832 crore in the same quarter last year. It beat Street estimates and posted 8.2% growth in revenues at Rs 28,862 crore compared to Rs 26,672 crore in the year-ago period. However, sequentially, the company’s net profit was flat as it posted Rs 4,257 crore profit in the June quarter.