HCL Tech Q4 profit up 8.1% at Rs 4,307 cr

New Delhi: HCL Technologies on Tuesday posted an 8.1 per cent increase in consolidated net profit at Rs4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about Rs25,500 crore. The company had logged a profit of Rs3,986 crore for the same period a year ago, it said in a regulatory filing. "We grew 2.9 per cent on a year-on-year basis. Our operating margin for the quarter came in at 17.9 per cent. Our services business grew 0.7 per cent sequentially and 2.7 per cent year-on-year," HCL Tech CEO and Managing Director C Vijayakumar said.

Revenue from operations increased 6.1 per cent to Rs30,246 crore from Rs28,499 crore in the March quarter 2023-24. Vijayakumar said that the company bagged deals worth $3 billion (around Rs25,500 crore). "We had a very strong quarter. In fact, the second highest after the September 23 quarter, which was on the back of a mega deal, which all of you know. "This quarter, we brought in $3 billion in net new booking.