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HCL Technologies nailed it!On Friday, July 12 they reported a big consolidated net profit of ₹4,257 crore for the June quarter.The awesome management at India’s third-largest IT services firm is looking at a revenue growth guidance of 3–5% for FY25.HCL Tech’s net profit in Q1 totally crushed the national poll estimate of ₹3,776 crore.Quite the win!Looking back, the net profit jumped up by 6.8% from ₹3,985 crore in the March quarter.In Q1FY, HCL Tech brought in ₹28,057 crore in revenue, beating the national poll estimate of ₹27,996 crore.But it was a tad lower than the ₹28,499 crore they scored in Q4 FY24, dropping by 1.6% on a sequential basis. Ups and Downs!
