HCL Technologies on Monday reported a 10.51 per cent rise in consolidated net profit at ₹4,235 crore for the quarter ended September 30, with the company betting big on its AI solutions to drive growth in the medium term.

Net profit in the corresponding previous quarter was ₹3,832 crore. Revenue from operations was ₹28,862 crore, up 8.21 per cent from ₹26,672 crore a year ago.

“We delivered a strong quarter with revenue growing 1.6 per cent quarter-on-quarter in constant currency and EBIT (earning before interest and taxes) coming in at 18.6 per cent. This growth was well distributed across verticals, geographies, and offerings,” said C. Vijayakumar, MD and CEO, HCLTech.

“Our pipeline is very strong, including data and AI, digital engineering, SAP migration and efficiency led programmes. Our Gen AI offerings such as AI Force and AI Foundry are resonating very well with our clients and should be drivers of efficiency, growth and innovation over the medium term,” he said.

The total people count as of September 30 was 218,621, down from 221,139 on September 30, 2023.

The attrition rate was at 12.9 per cent for the quarter. The board has declared an interim dividend of ₹12 per share of ₹2 each for FY25.

Shares of HCLTech settled at ₹1,856 on the BSE on Monday, up 0.89 per cent over the previous close.

Analysts at Sharekhan by BNP Paribas said the numbers were above their estimates both on revenue and margins.