SOURCE : NEW18 NEWS
Last Updated:January 13, 2025, 10:26 IST
HCLTech, the Noida-based information technology company, is scheduled to announce its Q3FY25 results today; Key things to watch out
HCLTech Results Today
HCLTech, the Noida-based information technology company, is scheduled to announce its Q3FY25 results today, January 13, 2025. Despite facing industry challenges such as furloughs and cross-currency headwinds, the company is expected to report steady growth.
For Q3FY25, HCLTech’s revenue is anticipated to rise by a modest 3.3% quarter-on-quarter (QoQ), reaching Rs 30,568 crore, up from Rs 2,96,665.14 crore in the previous quarter. Profit after tax (PAT) is expected to grow 9.5% QoQ to Rs 4,640 crore, compared to Rs 4,235 crore in Q2FY25.
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HCLTech Q3FY25 Results and Interim Dividend Announcement
HCLTech, in its exchange filing, confirmed that it will present its unaudited financial results for the quarter and nine months ending December 31, 2024, on Monday, January 13, 2025. Additionally, the board will review the payment of the 4th interim dividend for the fiscal year 2024-25.
Brokerage Expectations for Q3FY25:
Prabhudas Liladher
Prabhudas Liladher expects HCLTech’s growth in Q3FY25 to be primarily driven by its Software business, despite challenges in the IT Services segment due to furloughs. The brokerage forecasts a 4.6% QoQ growth in constant currency, with an 80 basis point negative impact from currency fluctuations. Margins are expected to improve by 60 basis points, despite wage hikes and cross-currency headwinds. Prabhudas Liladher predicts Q3 revenue at Rs 30,200 crore, reflecting a 4.6% QoQ and 6.2% YoY increase. EBIT is forecasted at Rs 5,800 crore, up 8.2% QoQ and 3.3% YoY, with EBIT margins at 19.2%. Adjusted PAT is expected to rise 6.8% QoQ and 3.9% YoY, reaching Rs 4,520 crore.
Nuvama Institutional Equities
Nuvama projects a 4.5% QoQ constant currency growth for HCLTech, driven by IT Services (+1.5%), Engineering and R&D (+1.0%), and Products & Platforms (+25%). EBIT margins are expected to improve by 150 basis points QoQ. Nuvama estimates Q3 revenue at Rs 30,110.9 crore, up 4% QoQ and 6% YoY. EBITDA is projected at Rs 7,087.4 crore, reflecting an 11% QoQ and 5% YoY increase. Core PAT is expected to rise 13% QoQ and 10% YoY, reaching Rs 4,790.1 crore.
HDFC Securities
HDFC Securities anticipates a growth divergence within the IT sector, with Tier-1 companies expected to post revenue growth ranging from +5% to -1% YoY. Despite the challenges, HCLTech’s growth is expected to be supported by improved decision-making cycles and discretionary spending. The brokerage projects Q3 revenue at Rs 30,091 crore, up 4.3% QoQ and 5.8% YoY. EBIT is estimated at Rs 5,800 crore, reflecting a 9.1% QoQ and 4.2% YoY growth, with EBIT margins at 19.4%. Adjusted PAT is expected to rise 8.2% QoQ and 5.3% YoY, totaling Rs 4,500 crore.
As HCLTech prepares to release its results, all eyes are on its performance amidst ongoing industry challenges and broader market conditions.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
