HCLTech shares in focus after Q1 profit drops 10% YoY to Rs 3,843 crore
ADVERTISEMENT The company declared an interim dividend of Rs 12 per share for FY26. The record date for the dividend is July 18, 2025, and the payment will be made on July 28, 2025.
Revenue from operations rose 8% YoY to Rs 30,349 crore, compared with Rs 28,057 crore in Q1FY25. The figure was marginally above Street estimates of Rs 30,340 crore. Sequentially, revenue was up 0.3% from Rs 30,246 crore in Q4FY25.
The company revenue growth is expected to be between 3% - 5% YoY in CC while the services revenue growth is also expected to be between 3% - 5% YoY in CC. The EBIT margin is seen between 17% and 18%.Commenting on the Q1 earnings, Roshni Nadar Malhotra, Chairperson of HCL Technologies said that the company remains "intensely focused" on the ethical deployment of AI and maximizing its positive social impact. "AI has become integral to the business growth of global enterprises. HCL Tech's capabilities and strategic partnerships ensure our AI-led solutions are practical, comprehensive and significant value creators to our clients," she said.
ADVERTISEMENT 'We had healthy revenue growth of 3.7% YoY supported by good performance in our Services business with 4.5% YoY growth in constant currency. Our operating margin came at 16.3%, impacted by lower utilization and additional Gen AI and GTM investments. Our AI propositions are resonating well with our clients and have been augmented further by our partnership with Open AI. Our pipeline continues to grow as the demand environment was stable during the quarter. As the only service provider positioned as 'Customer's Choice'' in all 6 Gartner Voice of Customer Quadrant evaluations related to IT services, we are well positioned to grow in the AI era,' C Vijayakumar CEO & Managing Director of HCL Tech said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Robust tourism helps excise dept boost revenue by 45% since 2022
Panaji : Goa's excise department has seen a significant jump in revenue, with a 45% increase over the last four financial years. The department raked in Rs 947.9 crore in 2024-25, as against Rs 650 crore in 2021-22. This increase is attributed to robust tourist footfalls and enforcement by the department. Goa's excise collection shot up to Rs 865 crore in 2022-23 due to several measures implemented by the excise department. In 2023-24, the department's revenue increased to Rs 900.2 crore. Goa's excise revenue is largely driven by tourists who either purchase alcohol from retail stores or consume liquor at restaurants and hotels. Alcohol sales are also driven by events in the state. Data shared with the legislative assembly also shows that Rs 4.1 crore is owed to the department by 242 retail outlets, bars and alcohol manufacturers since 2018. Of the 242 defaulters, most are from Tiswadi and Salcete talukas. While some of the licence holders have come forward and cleared their dues, the department has been forced to issue notices to most of the excise licence holders to recover what is owed. Those outlets which have ignored notices and reminders to pay the annual audit fees risk having their licences being cancelledwith the department already proposing to cancel some licences">, said officials. In the Goa budget 2023-24, the excise duty on high-end liquor was reduced and duty on other categories of Indian made foreign liquor (IMFL) was marginally increased to shore up revenues. The department said that while no tax refund or waiver has been granted under the Excise Duty Act, applicants have been offered an adjustment of excise duty only in cases where permits are cancelled and the said excise duty paid for liquor goods in these cancelled permits are adjusted in their future permits.
Time of India
an hour ago
- Time of India
Govt owes tourism contractors over Rs 39.7cr with bills from 2019
Panaji : From housekeeping services and painting to legal fees and translations, the tourism department has racked up Rs 39.7 crore in unpaid bills. Contractors for events, vehicles and executed projects have been fretting with their money lying locked up with the tourism department as well as the Goa Tourism Development Corporation (GTDC), with some of the bills dating all the way back to 2019. Among those that the department owes money are govt entities such as Goa Human Resource Development Corporation Limited and Goa Electronics Limited. The tourism department's 17 outstanding bills are largely for tourism roadshows and trade fairs, and most are for the current year with just two bills dating back to Dec 2024. However, GTDC's track record of clearing bills of contractors and event management firms is not on par. The Goa Human Resource Development Corporation Ltd provided security services at GTDC residencies for 2019-20 for which it billed GTDC Rs 1.03 crore, an amount that remains unpaid, shows data released in the state legislative assembly. Invoices towards the organisation of the Manohar Parrikar Vidnyan Mahostav in Dec 2021 worth Rs 3.7 lakh also remain unpaid. Taxi bills worth Rs 8.65 crore remain unpaid, shows the data released in the state legislative assembly. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Emergency Generators in Sevilla: (Prices May Surprise You) Emergency Generator | Search Ads Search Now Undo Information provided by the department also shows that Rs 4.4 crore has to be released to a private firm for development of amenities at the Bom Jesus Basilica under the PRASHAD Scheme. GTDC said that many of these bills are 'under consideration' and will be cleared once scrutiny and approval is obtained. Bills for the G20 meetings, which were held in Goa, also remain unpaid. Goa hosted several G20-related meetings during India's presidency in 2023, including the G20 Tourism Working Group Meeting and the Tourism Ministers' Meeting.
Time of India
an hour ago
- Time of India
If I became CM, I would give Rs 1 lakh incentive to regular farm loan repayers: Mushrif
Kolhapur: Govt spent Rs 46,000 crore last year towards Mukhyamantri Mazhi Ladki Bahin yojana installments of Rs 1,500 for all eligible women. Therefore, the financial situation is tough, as a result of which, govt is unable to fulfil the promise of farm loan waiver as promised by Mahayuti during the assembly election, said NCP politician and minister of medical education Hasan Mushrif. Speaking at Vandur village in Kolhapur on Saturday evening, Mushrif said that if in the future he becomes the chief minister, he would increase the incentive to the farmers repaying loans regularly from Rs 50,000 to Rs 1 lakh. Due to the promise of a loan waiver, farmers have kept their loan dues pending, except in Kolhapur district, where 91% of agricultural loans were recovered. "Another promise we made is the loan waiver to the farmers. The situation is quite challenging. This year, we disbursed Rs 46,000 crore for Ladki Bahin. Recently, we found that as many as 14,000 men have been listed as beneficiaries. I have a different view on loan waiver. Farmers don't pay loans if govt declares the intention of a loan waiver. The dues keep pending. The banks go deep into crisis. Therefore, if I become CM in the future, by the grace of God and people's support, I will increase the incentive amount to Rs 1 lakh from Rs 50,000," said Mushrif. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Official IQ Test: What is Your IQ? | Answer 30 Questions to Find Out IQ International Undo Mushrif also said govt has not distanced itself from increasing the Rs 1,500 monthly Ladki Bahin instalment to Rs 2,100. "Press the button in front of clock (NCP symbol) and lotus (BJP symbol) during the upcoming zilla parishad and local body elections. We will not rest until we get Rs 2,100 into the accounts of Ladki Bahin beneficiaries," said Mushrif.
