HCL Tech: Result Update - Q2 FY24
17-10-2023

Particulars

Q2FY24

YoY Trend

Comments

Revenue

26,672

+8%

Constant currency revenue was up 1% QoQ & up 3.4% YoY.
EBIDTA

5,929

+9%

 
Margins

22.2%

+30 bps

Margin performance improved with stronger services margin at 18.3% supported by ER&D margin of 19.2%
PAT

3,833

+10%

 

Revenue growth was tepid but margin improvement was a positive. FY24 growth guidance reduced to 5-6% CC from earlier 6-8%

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