HCLTech Q1 results: Net profit down 9.7% at ₹3,843 cr, dividend declared

Revenue from operations rose 8% to Rs 30,349 crore in Q1FY26 as against Rs 28,057 crore in Q1FY25

HCLTech on Monday reported a decline in net profit to ₹3,843 crore for the quarter ended June 2025 (Q1 FY26), down 9.7 per cent year-on-year (Y-O-Y) from ₹4,257 crore in the same period last year. Sequentially, profit also fell by 10.7 per cent compared to ₹4,307 crore in the March quarter (Q4 FY25), according to a BSE filing by the company.

 

The company's revenue grew 8.1 per cent Y-O-Y to ₹30,349 crore in Q1 FY26, up from ₹28,057 crore in Q1 FY25. On a sequential basis, revenue remained nearly stable, with a slight increase from ₹30,246 crore recorded in the previous quarter.

 

 

HCLTech expense

 

Expenses for the quarter increased sharply to ₹25,407 crore, up 9.2 per cent Y-O-Y from ₹23,262 crore in Q1 FY25 and 2.4 per cent sequentially from ₹24,804 crore in Q4 FY25. The rise in expenses impacted profitability despite the steady revenue growth.

 

HCLTech dividend declared

 

The board of directors also approved an interim dividend of ₹12 per share.

 

HCLTech guidance

 

The company guided for a revenue growth of 3-5 per cent YoY (in CC). It expects services revenue growth to be between 3-5 per cent YoY and EBIT margin to be between 17-18 per cent.

 

“We had healthy revenue growth of 3.7 per cent Y-o-Y supported by good performance in our Services business with 4.5 per cent  Y-o-Y growth in constant currency. Our operating margin came at 16.3 per cent, impacted by lower utilisation 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, Chief Executive Officer & Managing Director of HCLTech, said.

 

Shares of HCLTech closed at ₹1619.95 apiece on the BSE on Monday.

 

HCLTech Q1 result highlights

 

• Revenue from operations: ₹30,349 crore
• Net profit for the period: ₹3,843 crore
• Earnings per share (EPS): ₹62.64 (basic), ₹62.57 (diluted)