MAM
HCL Technologies reports strong Q2FY25 with 8 per cent revenue growth
Mumbai: HCL Technologies showcased a robust financial performance for the second quarter of FY25, ending 30 September 2024, with an 8 per cent year-over-year growth in revenue, driven by solid gains across its key business segments. The company’s board of directors, during a meeting on 14 October, approved the unaudited financial results and declared an interim dividend of Rs. 12 per share. This underscores HCL’s commitment to delivering consistent value to its shareholders amid the dynamic global tech landscape.
The company recorded consolidated revenue from operations amounting to Rs. 28,862 crore, an increase from Rs. 26,672 crore during the same period last year. The growth was fueled by a rise in demand across IT & business services, which contributed Rs. 21,544 crore, and the engineering and R&D services segment, with revenues of Rs. 4,545 crore. HCL software also posted a healthy rise, achieving Rs. 2,773 crore in revenue.
Profit before tax for the quarter stood at Rs. 5,687 crore, while the net profit reached Rs. 4,237 crore, showing an increase compared to Rs. 3,833 crore in Q2FY24. “Our strong financial performance in Q2FY25 is a testament to the resilience of our diversified business portfolio and our focus on delivering customer-centric innovations,” stated HCL Technologies, CEO and MD, C. Vijayakumar.
The approved interim dividend of Rs. 12 per share is set to be paid out on 30 October 2024, to shareholders on record as of 22 October 2024. The company’s ability to sustain dividend payouts reflects its solid financial health and cash flow management.
HCL Technologies reported a total comprehensive income of Rs. 4,793 crore for Q2FY25. The company’s cash flow from operations reached Rs. 9,349 crore for the six months ending September 2024, underscoring its liquidity position. Total assets amounted to Rs. 99,763 crore, with an equity base of Rs. 68,887 crore.
The balance sheet showed a slight increase in current liabilities to Rs. 21,626 crore, which aligns with seasonal trends in the technology sector. Non-current liabilities also rose marginally to Rs. 9,250 crore, reflecting increased lease obligations.
Segment Performance:
– IT and Business Services: This segment continued to be the primary revenue driver, witnessing a 8.2 per cent growth year-on-year, reaching Rs. 21,544 crore. The segment also recorded improved profitability due to efficiency enhancements.
– Engineering and R&D Services: The segment saw an impressive 5.9 per cent rise in revenue to Rs. 4,545 crore, buoyed by increased investment in digital engineering initiatives.
– HCL Software: Showing resilience, the software segment’s revenue increased to Rs. 2,773 crore, backed by strong licensing activity and cloud adoption trends.
The quarter also marked the divestment of the company’s stake in a joint venture with State Street, generating a gain reflected in the Q1FY25 financials. This strategic move allows HCL to focus on core competencies while streamlining its portfolio.
Looking forward, HCL Technologies remains optimistic about sustaining growth through digital transformation initiatives, with a particular focus on artificial intelligence and cloud services. While challenges such as global economic uncertainties and fluctuating exchange rates persist, the company’s diversified service offerings and strategic investments are expected to support stable growth.
Pix courtesy HCL Tech annual report
Brands
JioStar pushes HD viewing as default for IPL with Watch on HD campaign
New campaign highlights how younger viewers are driving HD adoption at home
MUMBAI:JioStar is making a clear pitch to cricket fans: if you are watching the Indian Premier League, it might as well be in high definition. The media giant has rolled out its latest Watch on HD campaign, positioning HD viewing not as a luxury but as the new normal for IPL audiences on linear television.
At the heart of the campaign is a light, relatable film set in a typical Indian household. It flips the script on tech adoption, showing a young boy questioning his parents for watching a match in standard definition before switching it to Star Sports HD himself. The message is simple and sharp: even kids know HD is the way to go.
The campaign taps into a broader behavioural shift. Younger viewers are increasingly influencing how families consume content, from streaming habits to display quality. In this case, they are nudging households toward better picture clarity and a more immersive sports experience.
Built around the idea that “even children know the real IPL experience is on HD,” the campaign reflects how deeply HD has embedded itself into everyday viewing. For fans, especially during high-stakes matches, sharper visuals and finer details are no longer optional extras but part of the core experience.
A spokesperson from JioStar said the aim is to mirror how audiences already engage with content today, where HD is widely accessible and easy to adopt. The focus, they added, is on ensuring viewers do not miss the nuances of the game, from a perfectly timed cover drive to the emotion on a player’s face.
With IPL continuing to dominate as one of India’s biggest shared viewing events, JioStar’s campaign underlines a broader industry push: elevate the baseline experience. As HD penetration grows across markets, the company is betting that clearer screens will translate into stronger viewer loyalty and engagement.
In a tournament built on spectacle, JioStar is making its stance clear. For IPL fans, HD is no longer the upgrade. It is the expectation.
