More Stories

Informist, Monday, Jul. 13, 2026

 

Please click here to read all liners published on this story

--HCL Tech Apr-Jun consol net profit INR 46.24 bln
--Analysts saw HCL Tech Apr-Jun consol net profit INR 44.70 bln
--HCL Tech Apr-Jun consol revenue INR 345.79 bln
--Analysts saw HCL Tech Apr-Jun consol revenue INR 343.58 bln
--HCL Tech Apr-Jun consol net profit INR 46.24 bln vs INR 44.88 bln qtr ago
--HCL Tech Apr-Jun consol revenue INR 345.79 bln vs INR 339.81 bln qtr ago
--HCL Tech to pay INR 12 per share interim dividend
--HCL Tech interim dividend record date is Jul 17
--HCL Tech Q1 consol IT, business sales INR 260.49 bln vs INR 254.43 bln QoQ
--HCL Tech Q1 consol engg, R&D svcs sales INR 56.90 bln vs INR 57.83 bln QoQ
--HCL Tech Q1 consol HCL Software sales INR 28.40 bln vs INR 27.55 bln QoQ
--HCL Tech Apr-Jun consol employee cost INR 196.92 bln vs INR 193.77 bln QoQ
--HCL Tech retains FY27 constant currency sales growth guidance of 1-4%
--HCL Tech retains FY27 constant currency svcs sales growth view of 1.5-4.5%
--HCL Tech retains FY27 EBIT margin guidance of 17.5%-18.5%
--HCL Tech Apr-Jun consol revenue dn 0.5% on qtr in constant currency terms
--HCL Tech Apr-Jun consol revenue up 2.6% on year in constant currency terms
--HCL Tech Q1 consol EBIT margin ex-restructuring cost 16.9%, up 39 bps QoQ
--HCL Tech Q1 advanced AI sales $171 mln, up 10.6% QoQ in constant currency
--HCL Tech Q1 new deal wins $2.41 bln
--HCL Tech Apr-Jun financial svcs sales up 5.3% on yr in constant currency
--HCL Tech Apr-Jun manufacturing sales up 3.7% on yr in constant currency
--HCL Tech Apr-Jun life, health sales up 0.4% on year in constant currency
--HCL Tech Apr-Jun consol EBIT INR 58.31 bln vs INR 56.20 bln qtr ago
--HCL Tech attrition 12.7% vs 12.5% quarter ago
--HCL Tech total headcount 223,889 on Jun 30 vs 227,181 qtr ago
--HCL Tech total headcount falls by 3,292 as on Jun 30 from qtr ago
--HCL Tech Apr-Jun svcs revenue down 0.7% on qtr in constant currency terms
--HCL Tech Apr-Jun HCL Software sales up 2.2% QoQ in constant currency
--HCL Tech Apr-Jun services EBIT margin 16.7%, up 56 bps on qtr
--HCL Tech Apr-Jun HCL Software EBIT margin 17.6%, down 168 bps on qtr
--HCL Tech Q1 tech sales up 7.3% YoY in constant currency
--HCL Tech Q1 telecom, media, ent sales dn 10.9% on yr in constant currency
--HCL Tech MD: $2.4 bln is highest ever recorded Q1 net new bookings
--HCL Tech Apr-Jun new deal wins $2.41 bln vs $1.94 bln qtr ago

 

By Eshitva Prakash

 

MUMBAI – HCL Technologies Ltd. reported a small decline in its revenue in constant currency terms for the June quarter. However, its net profit and revenue in rupee terms were higher than expectations. The company reported its highest ever June quarter net new bookings and retained its sales growth guidance for the financial year 2026-27 (Apr-Mar) in constant currency terms.

 

The company reported a consolidated net profit of INR 46.24 billion, up more than 3% on quarter and higher than analysts consensus estimate of a largely unchanged quarterly net profit. The company's bottom line rose over 20% on year.

 

The Noida-based firm's consolidated revenue for the reporting quarter rose nearly 2% on quarter to INR 345.79 billion, higher than the Street's view of INR 343.58 billion. However, the company's revenue in constant currency terms fell 0.5% sequentially, falling in the lower end of analysts' projections of a 0.5-1.5?cline. The company said it earned a revenue of $171 million from advanced artificial intelligence services, which implies a growth of nearly 11% on quarter and over 62% on year in these deals in constant currency terms.

 

"We recorded our highest ever Q1 net-new bookings of $2.4 billion and our Advanced AI business grew 10.6% QoQ and 62.1% YoY in constant currency terms," C. Vijayakumar, chief executive officer, said in a press release. "These demonstrate that enterprises are choosing us to lead their AI-led transformation. Combined with the operational efficiencies visible in margin expansion, this momentum gives us the confidence we're positioned to keep outpacing the market over the medium term," the executive said. In the trailing quarter, the company had reported deal wins of $1.94 billion. 

 

HCL Tech's earnings before interest and tax for the June quarter were INR 58.31 billion, up almost 4% sequentially and 18% on a year-on-year basis. Its EBIT margin, excluding the impact of restructuring, was 16.9%, up 39 basis points sequentially. Including the restructuring impact, the margin was 16.3% for the reporting quarter, lower than the trailing quarter's EBIT margin.

 

SEGMENT RESULTS MIXED

HCL Tech's information technology and business services segment, which accounts for the bulk of its revenue, reported a top line of INR 260.49 billion, up over 2% on quarter. In constant currency terms, the segment's revenue was flat on quarter but up 4.2% on year. The EBIT margin of the segment was 17% for the reporting quarter, up 65 bps on year and 184 bps on quarter.

 

Its engineering and research and development segment's revenue fell nearly 2% sequentially to INR 56.90 billion. In constant currency terms, the segment's revenue fell almost 4% on quarter but grew 0.3% on year. The segment's EBIT margin was 15.6% for the reporting quarter, down 214 bps on year, but up 9 bps on quarter.

 

HCL Software revenue for the June quarter was INR 28.40 billion, up over 3% on quarter. In constant currency terms, HCL Software's revenue rose over 2% on quarter but was down over 5.3% on year. The segment's EBIT margin in the reporting quarter fell 475 bps on year and 168 bps on quarter to 17.6%.

 

SALES GUIDANCE

The company has retained its sales guidance for FY27. It continues to expect sales growth of 1-4% for the year in constant currency terms. It expects its services revenue growth to be in the range of 1.5-4.5% for the period. Its EBIT margin is expected to fall within a range of 17.5-18.5%.

 

GEOGRAPHIES, SERVICES

In the US, HCL Tech's services business grew nearly 3% on year in constant currency terms. The contribution of the US to the segment fell to 56% in the June quarter from 56.5% a year ago. In Europe, the business was almost unchanged on year, while contribution from the region fell to 27.6% from 28.3% in the year-ago quarter.

In the rest of the world, the services business grew almost 11% on year in constant currency terms. The contribution of these regions to the business grew to 13% in the March quarter from almost 12% in the year-ago quarter. In India, the business rose 17% year-on-year while contribution from the region was unchanged from the year-ago quarter at 3.3%. 

Among verticals, the revenue from the financial services segment grew 5.3% on year in constant currency terms while that of manufacturing grew 3.7%. The technology and services vertical's revenue rose 7.3% on year while that from life sciences and health care grew only 0.4%. Telecommunications, media, publishing, and entertainment was the only vertical to report a fall, down almost 11% on year.

 

STAFFING

HCL Tech reported a total headcount of 223,889 as of Jun. 30, down from 227,181 as on Mar. 31 but slightly higher than 223,151 a year ago. The company net reduced 3,292 employees in the June quarter, compared with a net hiring of 802 in the March quarter and a net reduction of 269 employees in the year-ago quarter. Despite this, the company said its consolidated employee costs rose to INR 196.92 billion from INR 193.77 billion in the trailing quarter.

 

HCL Tech added 1,056 freshers in the reporting quarter, fewer than 1,712 added in the March quarter and 1,984 added in the year-ago quarter. Its trailing 12-month attrition rate worsened slightly to 12.7% in the June quarter, from 12.5% in the March quarter.

 

The company's board decided to pay INR 12 per share interim dividend. It has set Friday as the record date to determine shareholders eligible for the payout. Monday, HCL Tech's shares ended at INR 1,221.20 apiece on the National Stock Exchange, up nearly 5% from Friday.  End

 

US$1 = INR 95.62

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.