HCL Tech Q4 attrition rate drops to 13% sequentially; headcount rises by 2,665 to 2,23,420 employees

HCL Technologies announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Tuesday, April 22, and declared that its attrition rate has dropped to 13 per cent sequentially. This represents a rise from 12.4% in the previous quarter. The company's total employee count at the end of FY25 was 223,420, with a net addition of 4,061 people.

The attrition rate measures the rate at which employees leave a company over a period of time. A lower rate is generally considered healthy for a company.

"In terms of freshers, this quarter, we added 1,805 freshers. If you recall, we made a conservative projection last quarter to add about 1,000. We have been done in excess of that. That's in line with our plans that move for the basis. On a full-year basis, the number of freshers we added for fiscal 25 is 7,829. Attrition is at 13 per cent," HCL Tech Chief People Officer, Ramachandran Sundararajan said.

Profit and revenue

HCL Tech's revenue from operations for Q4FY25 rose 1.2 per cent QoQ and 6.1 per cent YoY to ₹30,246 crore. In the same quarter last year, the company's revenue was ₹28,499 crore, while in Q3FY25, the company had seen a revenue of ₹29,890 crore.

However, in constant currency (CC) terms, revenue declined 0.8 per cent QoQ but increased 2.9 per cent YoY.

The company's dollar revenue for the quarter declined 1 per cent QoQ and rose 2 per cent YoY to $3,498M.

Services revenue in CC increased 0.7 per cent QoQ and 2.7 per cent YoY. Digital CC revenue, which contributes 40.7 per cent of services, grew 12.6 per cent YoY.

Consolidated profit for the period rose 8 per cent YoY to ₹4,307 crore compared to ₹3,986 crore in the same quarter last year. However, sequentially, the company's profit declined 6.2 per cent. In Q3FY25, HCL Tech's profit was ₹4,591 crore.

On Tuesday, shares of HCL Tech settled flat to ₹1,480.10 apiece on the BSE.