Integrated Filing — IndAS

General information about company
Scrip Code	532281
NSE Symbol	HCLTECH
MSEI Symbol	NOTLISTED
ISIN	INE860A01027
Name of company	HCL Technologies Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-Mar-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	21-Apr-2025   10:00:00
End date and time of board meeting	22-Apr-2025   16:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	302460000000	1170550000000
	Other income	4490000000	24850000000
	Total income	306950000000	1195400000000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	5140000000	19760000000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-250000000	520000000
(d)	Employee benefit expense	172460000000	667550000000
(e)	Finance costs	1560000000	6440000000
(f)	Depreciation, depletion and amortisation expense	10400000000	40840000000
(f)	Other Expenses
1	Other Expenses	20300000000	76060000000
2	Outsourcing costs	39990000000	151620000000
	Total other expenses	60290000000	227680000000
	Total expenses	249600000000	962790000000
3	Total profit before exceptional items and tax	57350000000	232610000000
4	Exceptional items	0	0
5	Total profit before tax	57350000000	232610000000
6	Tax expense
7	Current tax	14890000000	51610000000
8	Deferred tax	-630000000	7010000000
9	Total tax expenses	14260000000	58620000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	43090000000	173990000000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	43090000000	173990000000
17	Other comprehensive income net of taxes	5920000000	7050000000
18	Total Comprehensive Income for the period	49010000000	181040000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	43070000000	173900000000
	Total profit or loss, attributable to non-controlling interests	20000000	20000000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	48980000000	180940000000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	30000000	100000000
21	Details of equity share capital
	Paid-up equity share capital	5430000000	5430000000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		691120000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	15.9	64.16
	Diluted earnings (loss) per share from continuing operations	15.88	64.09
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	15.9	64.16
	Diluted earnings (loss) per share from continuing and discontinued operations	15.88	64.09
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		Cash flow statement notes n nThe total amount of income taxes paid is 4649 crores ( 31 March 2024 4494 crores). n nCash and cash equivalents includes unclaimed dividend of 19 crores ( 31 March 2024 15 crores) which is of restricted use and Bank overdraft of Nil (31 March 2024 ( 15) crores). n nOther notes n nThe consolidated and the standalone financial results for the three months and year ended 31 March 2025 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 22 April 2025. The statutory auditors have issued unmodified audit report on these results. n nThe Board of Directors at its meeting held on 22 April 2025 has declared an interim dividend of 18 per share. n nFinancial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act 2013 and other recognised accounting practices and policies to the extent applicable. n nThe figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to 31 March 2025 and the unaudited published year-to-date figures up to 31 December 2024 being the date of the end of the third quarter of the financial year which were subjected to a limited review. n nAs per Ind AS 108 Operating Segments the Company has disclosed the segment information only as part of the consolidated financial results.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	45010000000
	Capital work-in-progress	590000000
	Investment property	0
	Goodwill	217560000000
	Other intangible assets	68990000000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	910000000
	Trade receivables, non-current	10220000000
	Loans, non-current	5860000000
	Other non-current financial assets	22120000000
	Total non-current financial assets	39110000000
	Deferred tax assets (net)	10640000000
	Other non-current assets	52450000000
	Total non-current assets	434350000000
2	Current assets
	Inventories	1330000000
	Current financial asset
	Current investments	74730000000
	Trade receivables, current	258420000000
	Cash and cash equivalents	82450000000
	Bank balance other than cash and cash equivalents	130440000000
	Loans, current	9760000000
	Other current financial assets	15890000000
	Total current financial assets	571690000000
	Current tax assets (net)	1480000000
	Other current assets	46590000000
	Total current assets	621090000000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	1055440000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	5430000000
	Other equity	691120000000
	Total equity attributable to owners of parent	696550000000
	Non controlling interest	180000000
	Total equity	696730000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	700000000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	31020000000
	Total non-current financial liabilities	31720000000
	Provisions, non-current	19200000000
	Deferred tax liabilities (net)	16150000000
	Deferred government grants, Non-current	0
	Other non-current liabilities	11250000000
	Total non-current liabilities	78320000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	22210000000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	62250000000
	Total Trade payable	62250000000
	Other current financial liabilities	83560000000
	Total current financial liabilities	168020000000
	Other current liabilities	69350000000
	Provisions, current	14870000000
	Current tax liabilities (Net)	28150000000
	Deferred government grants, Current	0
	Total current liabilities	280390000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	358710000000
	Total equity and liabilites	1055440000000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	IT and Business Services	221860000000	864380000000
2	Engineering and R&D Services	51620000000	189600000000
3	HCL Software	30080000000	120490000000
	Total Segment Revenue	303560000000	1174470000000
	Less: Inter segment revenue	1100000000	1100000000
	Revenue from operations	302460000000	1170550000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	IT and Business Services	37780000000	147960000000
2	Engineering and R&D Services	9280000000	34150000000
3	HCL Software	7360000000	32090000000
	Total Profit before tax	54420000000	214200000000
	i. Finance cost	1610000000	1610000000
	ii. Other Unallocable Expenditure net off Unallocable income	-4540000000	-4540000000
	Profit before tax	57350000000	232610000000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	IT and Business Services	0	0
2	Engineering and R&D Services	0	0
3	HCL Software	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	IT and Business Services	0	0
2	Engineering and R&D Services	0	0
3	HCL Software	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

Assets and liabilities are not identified to any reportable segments since these are used interchangeably across segments and consequently the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities. n nEffective 1 April 2024 services related to certain software products previously under HCL Software are now managed by IT and Business Services and Engineering and R&D Services segments. Revenues and results have been reported under respective segments with prior period figures restated. The impact of this change is immaterial for the segments.

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to statement of Profit and loss	540000000	-10000000
	Total Amount of items that will not be reclassified to profit and loss	540000000	-10000000
2	Income tax relating to items that will not be reclassified to profit or loss	160000000	-200000000
3	Amount of items that will be reclassified to profit and loss
1	Items will be reclassified to statement of profit and loss	5940000000	6810000000
	Total Amount of items that will be reclassified to profit and loss	5940000000	6810000000
4	Income tax relating to items that will be reclassified to profit or loss	400000000	-50000000
5	Total Other comprehensive income	5920000000	7050000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			232610000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			3360000000
	Adjustments for decrease (increase) in inventories			770000000
	Adjustments for decrease (increase) in trade receivables, current			-1190000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-2250000000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			2490000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			10280000000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			40840000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			15670000000
	Adjustments for share-based payments			2180000000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-7790000000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-590000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			32430000000
	Net cash flows from (used in) operations			265040000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			42430000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			222610000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			19820000000
	Other cash receipts from sales of equity or debt instruments of other entities			437110000000
	Other cash payments to acquire equity or debt instruments of other entities			438650000000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			40000000
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			250000000
	Purchase of property, plant and equipment			11080000000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			13220000000
	Income taxes paid (refund)			4060000000
	Other inflows (outflows) of cash			-26150000000
	Net cash flows from (used in) investing activities	-49140000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			6760000000
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			3770000000
	Repayments of borrowings			4580000000
	Payments of lease liabilities			14530000000
	Dividends paid			162500000000
	Interest paid			510000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-500000000
	Net cash flows from (used in) financing activities			-185610000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-12140000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			180000000
	Net increase (decrease) in cash and cash equivalents			-11960000000
	Cash and cash equivalents cash flow statement at beginning of period			94410000000
	Cash and cash equivalents cash flow statement at end of period			82450000000