HCL Tech shares jump over 7% post Q4 earnings
The Hindu
HCL Technologies stock surges 7% after posting 8.1% increase in net profit, secures deals worth $3 billion.
Shares of HCL Technologies on Wednesday (April 23, 2025) surged over 7% after the firm posted an 8.1% increase in consolidated net profit for the January-March quarter of 2024-25.
The stock jumped 7.42% to ₹1,589.95 on the BSE. At the NSE, shares of the firm rallied 7.43% to ₹1,590 apiece.
The stock emerged as the biggest gainer among the BSE Sensex and NSE Nifty firms during morning trade.
HCL Technologies on Tuesday posted an 8.1 per cent increase in consolidated net profit at ₹4,307 crore for the March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore.
The company had logged a profit of ₹3,986 crore for the same period a year ago, it said in a regulatory filing.
"We grew 2.9% on a year-on-year basis. Our operating margin for the quarter came in at 17.9%. Our services business grew 0.7% sequentially and 2.7% year-on-year," HCL Tech CEO and Managing Director C Vijayakumar said.
Revenue from operations increased 6.1% to ₹30,246 crore in the quarter under review, from ₹28,499 crore in the March quarter 2023-24.
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