HCL Technologies Ltd., India's third largest IT company by market capitalisation, is set to release its financial statement for the third quarter of the ongoing fiscal next week. In a regulatory filing to the stock exchanges on Jan. 8, the company confirmed the development.
HCLTech was founded in 1976 as one of the earliest tech startups in the country by a group of eight engineers led by Shiv Nadar. Originally incorporated as Microcom Ltd., the company initially sold teledigital calculators. In 1978, HCLTech launched its indigenously designed 8-bit microcomputers even ahead of the first IBM PC. From its early focus on hardware, the company moved to software and services. Today, the company has a market capitalisation valued at over Rs 5 lakh crore.
Here is everything you need to know about HCLTech Q3 results that are set to be declared soon.
HCLTech Q3 Result Date And Time
HCLTech, in a stock exchange filing on Jan. 8, informed the bourses that it will declare its Q3 results on Monday, Jan. 13.
"The Company will announce the Third Quarter FY 2025 Results, ended December 31, 2024, on Monday, January 13, 2025, post-closing of Indian stock markets," the company said.
The company's senior management will hold an audio conference call at 7:30 p.m. discussing the results followed by a detailed question-answer session.
"A replay of the conference call will be available one hour after the conclusion of the conference call till January 20, 2025," the company wrote.
HCLTech Share Price History
In the past week, the share price of HCL Technologies Ltd. has risen over 2.33%, while over the last month, the same has increased nearly 4%. The company's stock price has increased over 33% over the previous year. Shares of HCLTech closed at Rs 1,995.10 apiece on the NSE on Friday.
HCLTech Q2 Results
HCLTech reported a sequential revenue increase of 2.9% for the second quarter ended September 2024. The company's revenue totalled Rs 28,862 crore, aligning with analysts' estimates of Rs 28,637.2 crore, as tracked by Bloomberg.
In constant currency terms, revenue rose 1.6% quarter-on-quarter and 6.2% year-on-year. HCLTech's services revenue increased by 1.6% QoQ and 5.9% YoY, with digital revenue showing a rise of 7.8% YoY, contributing 38.5% of total services revenue.
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