HCLTech Stock Up After Q1 Results. Is It A Buy?

HCL Technologies' Q1FY25 consolidated net profit jumped 20% to Rs 4,257 crore, compared to Rs 3,534 crore a year ago. Revenue from operations increased 6.7% to Rs 28,057 crore in Q1FY25, up from Rs 26,296 crore in Q1FY24. Pre-tax profit (EBIT) rose 7.5% year-over-year but dropped 4.4% quarter-over-quarter. The company declared an interim dividend of ₹12 per ₹2 share for FY25, with a distribution date set for July 23. The attrition rate for April to June FY25 was 12.8%, and the total workforce reached 2,19,401 by June 30, 2024, including 8,080 new hires and 1,078 freshers. Tune in to Business Today TV's Exclusive interview with Prateek Aggarwal, CFO of HCLTech, for insights on the Q1 results and future plans.