HCL Technologies, the global IT services provider, reported a consolidated net profit of Rs 10.21 billion; up 59% and revenue of Rs 64.3 billion; up 29.8% for the third quarter.
 
On quarter on quarter basis, it posted a rise of 8.5% in the net profit and 2% in the revenue.
 
Total headcount was at 90,190 with gross addition of 30,606 and net addition of 5,787.

''Our leadership has been driven by our commitment towards sustainability, diversity and trust through transparency. With an emergence of an increasingly positive macro environment these values will continue to be HCL's key differentiators and provide an impetus to our future growth'', said Shiv Nadar, chairman & chief strategy officer, HCL Technologies.

'We continue on our growth momentum with a strong revenue growth of 3% QoQ along with 10th straight quarter of margin expansion. Our EBIT has registered an impressive expansion of 7.1% sequentially and 44.5% YoY resulting in a healthy EBIT margin of 24.6%. The Application Services business registered a robust performance led by Digital Systems Integration proposition on the discretionary side and ALT ASM™ on the non-discretionary side this quarter. Infrastructure Services have continued to punch their weight in the market'', said Anant Gupta, president & CEO, HCL Technologies.

''We continue on our journey of making significant investments in talent acquisition by on-boarding several senior leaders representing a mix of industry and skill profiles to exponentially multiply our capability in the emerging Digital Systems Integration space'', he added.

''Our success with the industrialized delivery model, increasing number of contracts moving into steady state, savings on G&A front, helped in improved net income margin of 19.4% this quarter, up from 15.9% in the corresponding quarter of last year. This has provided us more room for making relevant investments in a rapidly changing market landscape. Our focus on generating higher free cash flow continued during the quarter with free cash flow as %age of EBITDA reaching 73%, up from 61% in the corresponding period last year. The return on capital employed (LTM basis) was at 38%, higher than 32% achieved in the corresponding quarter last year'', said Anil Chanana, CFO, HCL Technologies.

Shares of the company declined Rs 15.05, or 1.06%, to settle at Rs 1,409.40. The total volume of shares traded was 63,319 at the BSE (Wednesday).