HCL Technologies Q3 2024 Results Release Date and Time Revealed

HCL Technologies Q3 2024 Results: HCL Technologies, the IT giant, is gearing up to unveil its quarterly results for the third quarter of the fiscal year 2024 on January 12, 2024. The stock has experienced notable gains, surging by over 8% in the past month and an impressive 40% over the last year. With strong revenue growth anticipated in the context of seasonality, the upcoming quarterly results are generating significant market interest.

HCL Technologies Q3 2024 Results

HCL Technologies Q3 2024 Results: The announcement of the Q3 results is scheduled to take place after the closing of Indian stock markets on January 12, 2024. Following this, senior management will host an audio conference call at 7:30 p.m. (IST) to discuss the results in detail, including a Q&A session.

In an exchange filing, HCL Technologies revealed that the Record Date for determining shareholder entitlement to the 4th interim dividend for the financial year 2023-24 is set for January 20, 2024.

HCL Technologies Q3 2024 Results – Key Expectations and Earnings Preview

  • Consolidated poll expectations on a QoQ basis foresee a 5% CC growth.
  • Anticipated revenue stands at $3360 million, a 4.1% increase from the previous quarter.
  • Services revenue is expected to reach 28010 crore, reflecting a 5% growth.
  • EBIT Margin is projected to remain flat at 18.4%, within the range of 17.8% to 19.1%.
  • Profit After Tax (PAT) is forecasted at 4096 crore, a 6.8% increase from the previous quarter.

Q3 Expectations

  • Strong growth attributed to product seasonality.
  • Enhanced performance in Engineering, Research, and Development (ER&D) and the ramp-up of large deals.
  • Potential offset of wage hike pressures by higher growth.
  • Market analysts predict new deal wins, with the total contract value estimated to be in the range of US$1.5-2 billion.
  • Moderate adjustments to revenue growth guidance for the consolidated company and services revenue organic growth guidance.


  • FY24 guidance revised to 5-6% from the previous 6-8%.
  • Margin guidance maintained at 18-19%.

HCL Technologies Q3 2024 Results – Watch For

  • Insightful commentary on demand for FY25.
  • Updates on the guidance, including the scale-up of acquisitions and large deals.
  • Commentary on the ER&D segment.

As the industry eagerly awaits the results, HCL Technologies’ strategic insights and future outlook will undoubtedly shape the narrative for the upcoming quarters.”

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