Profit before tax (PBT) stood at Rs 6,132, up 7.82% QoQ and 4.36% YoY respectively.

During the quarter, EBIT stood at Rs 5,821 crore, up 8.6% QoQ and 3.7% YoY. EBIT margin stood at 19.5% in Q3 FY25 as against 18.6% in Q3 FY24.

In dollar terms, revenue stood at $3533 million, up 2.5% QoQ and 3.5% YoY. In constant currency (CC) terms, revenue jumped 3.8% QoQ and 4.1% YoY during the period under review.

Total contract value (TCV) of new deal wins was $2095 million at the end of December 2025 quarter. While HCLTech reported strong deal bookings, muted growth guidance dampened investor sentiment.

In FY25 guidance, the company’s CC revenue growth expected to be between 4.5%- 5.0% YoY. The services CC revenue growth expected to be 4.5-5.0% YoY. Additionally, EBIT margin expected to be between 18.0% -19.0% YoY.

A domestic brokerage maintained a 'reduce' rating on the stock with a fair value of Rs 1,760, citing a slowdown in large deal wins in recent quarters. The brokerage highlighted that HCLTech's growth may lag behind its peers due to its current portfolio composition. It expects HCLTech to benefit from increased discretionary spending during the economic recovery, but anticipates slower growth compared to some of its competitors.

Total people count stood at 220,755 in Q3 FY25, up 0.89% QoQ and down 1.78% YoY. LTM attrition rate was 13.2% for Q3 FY25 as against 12.9% for Q2 FY25 and 12.8% in Q3 FY24.

Meanwhile, the board has declared an interim dividend of Rs 18 per equity share for FY25. This includes s a special dividend of Rs 6 per share. The Record date for the payment of the aforesaid interim dividend shall be January 17, 2025 and the payment date of the said interim dividend shall be January 24, 2025.

C. Vijayakumar, CEO and managing director, HLC Tech, said, “HCLTech delivers another quarter of solid growth at 3.8% QoQ in constant currency and EBIT at 19.5%. I am pleased that this growth is powered by broad based performance across business lines as our clients across verticals and geos reaffirm their confidence in our Digital and AI offerings.

Our new deal bookings were healthy during the quarter at $2.1B with wins across services and software. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees. We continue to see growing demand for our AI led propositions across services and software offerings.”

HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P).

The counter tumbled 8.78% to Rs 1,810.85 on the BSE.