On a consolidated basis, the net profit of HCL Technologies reported a 17.4% to Rs 4,096 crore on an 8.2% increase in revenues to Rs 26,700 crore in the third quarter of FY23 over the second quarter of FY22.

Compared with Q3FY22, the net profit and revenue of the company are 19% and 19.6%, respectively.

During the third quarter, EBITDA was Rs 6,365 crore, up 18.1% YoY and 17.3% QoQ. EBITDA margin was 23.9% for Q3FY23 as against 22% for Q2FY23 and 24.1% for Q3FY22.

The revenue stood at $3,244 million, up 5.3% QoQ and 9% YoY in terms of the dollar. On a constant currency (cc) basis, revenue for the third quarter of fiscal 2023 increased 5% sequentially and 13.1% year-over-year.

For FY23, the company’s revenue guidance is 13.5%-14% YoY growth in constant currency. Services revenue is expected to grow 16%-16.5% year-over-year at constant currency. EBIT margin guidance has been narrowed to 18%-18.5%.

The total headcount stood at 222,270 as of December 31, 2022, up 1.3% quarterly and 12.4% yearly. Attrition (on the last 12-month basis) was at 21.7% in the December quarter of FY23 as against 23.8%% in the September quarter of FY23 and 19.8% in the December quarter of FY22.

This company is a global enterprise with technology for the next decade and offers its services and products through three business units IT and Business Services (ITBS), Products & Platforms (P&P) and Engineering and R&D Services (ERS).

Recently, the company’s scrip went down 2.47% to trade on BSE at Rs 1,045.45.