HCL Technologies share price hits 52-week high after Q2 results 2024 beat estimates

HCL Technologies share price hit a 52-week high on Tuesday after the company reported better than expected earnings for the second quarter of FY25. HCL Tech shares gained as much as 1.40% to a high of ₹1,882.00 apiece on the BSE.

HCL Technologies reported a net profit of ₹4,235 crore in Q2FY25, a marginal drop of 0.5% from ₹4,257 crore in the previous quarter. The company’s revenue rose 2.9% to ₹28,862 crore from ₹28,057 crore, quarter-on-quarter (QoQ). EBIT increased 11.8% to ₹5,362 crore from ₹4,795 crore, while EBITDA margin expanded by 150 bps to 18.6% from 17.1%, QoQ.