HCL Technologies Limited (HCLTECH) — FY25 Annual Report | 2 August 2025(2 announcements)

HCL Technologies reported a 32% year-on-year revenue increase to ₹87.22 crores for FY 2024-25, driven by strong performance in digital services and AI adoption, while achieving a 46% reduction in Scope 1 and 2 emissions and 22% in Scope 3 emissions versus the 2020 baseline. The company advanced its net-zero ambition with 34.38% renewable energy usage and TRUE Zero Waste Platinum certification across all Indian campuses. Management emphasized strategic focus on ESG leadership, sustainable supply chain integration, and talent development, with forward-looking targets including 80% renewable energy by 2030 and 40% female representation in leadership by 2030. No material risks or dividend changes were disclosed, though cybersecurity and supply chain ESG compliance remain ongoing priorities.

HCL Technologies reported FY25 revenue of ₹117,055 crores (6.5% YoY growth), PAT of ₹17,390 crores (10.8% YoY growth), and EBIT of ₹21,420 crores (7% YoY growth), with EBIT margin at 18.3%. The company achieved 18.3% EBIT margin, 129% operating cash flow to net income conversion, and 123% free cash flow to net income conversion. It secured $9.3B in new large deal contracts (TCV), marking a 1.5x increase in $100M+ clients over five years. Strategic focus areas include AI/GenAI leadership (500+ engagements across 400+ clients), cloud transformation, and sustainability (46% Scope 1 & 2 emissions reduction target by FY30). The Board recommended re-appointing C. Vijayakumar as MD & CEO for a term ending March 31, 2030, with total remuneration of $18.6 million (up from $10.3 million), subject to Central Government approval. Shareholder returns remain strong with 93.5% dividend payout ratio and 15.1% 10-year compound TSR.