HCL Tech cuts upper end of FY26 sales growth guidance to 4.5% from 5.0%
This story was originally published at 18:44 IST on 12 January 2026
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--HCL Tech revises FY26 constant currency sales growth guidance to 4-4.5%
--HCL Tech ups FY26 constant currency svcs sales growth guidance to 4.75-5.25%
--HCL Tech retains FY26 EBIT margin guidance of 17-18%
--HCL Tech: FY26 EBIT margin guidance excludes impact of new labour codes
MUMBAI – HCL Technologies Ltd. has cut the upper end of its sales growth guidance for 2025-26 (Apr-Mar) to 4.5% from 5.0% earlier. At the same time, it raised the lower end of sales growth guidance to 4% from 3% earlier. It means the company expects sales in FY26 to rise 4.0-4.5% in constant currency terms now, compared with 3-5% as guided at the end of September quarter, according to its press release post announcing the December quarter earnings Monday. The company's consolidated revenue in the December quarter was up 4.8% on year in the constant currency terms.
HCL Technologies raised its FY26 sales growth guidance for services segment to 4.75-5.25% from 4.0-5.0% guided in the trailing quarter. This segment's revenue in the December quarter was up 5% on year in constant currency terms.
The company has retained the guidance for its earnings before interest and tax margin at 17-18%. However, the EBIT margin guidance excludes the one-time hit of INR 9.56 billion on EBIT due to impact of new labour codes. "The New Labour Codes has resulted in estimated one time increase in provision for employee benefits of the Group...," the company said in a filing.
Earlier in the day, the company announced its quarterly results post market hours. HCL Technologies's consolidated net profit in the December quarter was INR 40.76 billion on a revenue of INR 338.72 billion. Monday, shares of the company closed at INR 1,667.60 on the National Stock Exchange, up 0.4%. End
Reported by Anshul Choudhary
Edited by Akul Nishant Akhoury
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