HCL Tech Q1 Results: Cons PAT slips 10% YoY to Rs 3,843 crore; Rs 12 per share dividend declared

HCL Technologies on Monday reported a 10% fall in its Q1FY26 consolidated net profit at Rs 3,843 crore versus Rs 4,257 in the year ago period. The net profit is attributable to the owners of the company and was lower than Street's estimates of Rs 4,224 crore.

HCL Tech announced an interim dividend of Rs 12 per share for the financial year 2025-26. The record date for the payment of the interim dividend has been set on July 18, 2025 while the payment date is July 28, 2025.

The revenue from operations rose 8% at Rs 30,349 crore versus Rs 28,057 crore in the year ago period. The revenue in the quarter under review was also marginally above Street's estimates of Rs 30,340 crore.


As for the topline a marginal 0.3% uptick was recorded against Rs 30,246 crore in Q4FY25.

FY26 Guidance

The company revenue growth is expected to be between 3% - 5% YoY in CC while the services revenue growth is also expected to be between 3% - 5% YoY in CC. The EBIT margin is seen between 17% and 18%.

Management commentary

Commenting on the Q1 earnings, Roshni Nadar Malhotra, Chairperson of HCL Technologies said that company remains "intensely focused" on the ethical deployment of AI and maximizing its positive social impact. "AI has become integral to business growth of global enterprises. HCL Tech’s capabilities and strategic partnerships ensure our AI-led solutions are practical, comprehensive and significant value creators to our clients," she said.

“We had healthy revenue growth of 3.7% YoY supported by good performance in our Services business with 4.5% YoY growth in constant currency. Our operating margin came at 16.3%, impacted by lower utilization and additional Gen AI and GTM investments. Our AI propositions are resonating well with our clients and have been augmented further by our partnership with Open AI. Our pipeline continues to grow as the demand environment was stable during the quarter. As the only service provider positioned as “Customer's Choice’’ in all 6 Gartner Voice of Customer Quadrant evaluations related to IT services, we are well positioned to grow in the AI era,” C Vijayakumar CEO & Managing Director of HCL Tech said.