HCL Technologies Limited — Updates, 22-04-2025: Press Release

**Financial Highlights**

HCL Technologies reported a revenue of ₹117,055 Crores for FY 2025, reflecting a 6.5% increase year-on-year, with a constant currency revenue growth of 4.7%. The EBIT rose to ₹21,420 Crores, comprising 18.3% of revenue, while net income reached ₹17,390 Crores, an increase of 10.8% year-on-year. The diluted EPS also improved to ₹64.09. The company maintained a healthy cash flow, with free cash flow (FCF) at $2,501 million, marking a robust FCF to net income ratio of 123%.

**Strategic Initiatives and Growth Drivers**

Digital revenue continued to be a significant growth driver, increasing by 8.6%, representing 39% of service revenue. HCLTech is poised for future growth as it enhances its HCL Software offerings, which saw a slight year-on-year growth.

**Business Developments**

The company announced significant deal wins, including partnerships with Western Union and Children’s Minnesota, among others, to drive innovation and transformation in various sectors.

**Market Position and Competitive Advantage**

HCLTech's market positioning remains strong, recognized as a leader across several analytics and cloud services sectors, which fortifies its competitive advantage.

**Investor Implications**

The outlook for FY 2026 anticipates a revenue growth in constant currency between 2.0% to 5.0%, suggesting a cautious yet stable growth trajectory. Investors should keep a close eye on the firm's ability to navigate potential market volatility while leveraging its digital offerings for sustained revenue increases.