| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 30.3K | 0.3% |
| Total Income | 30.8K | 0.4% |
| Expenditure | 25.6K | 2.6% |
| PBT | 5.2K | 9.5% |
| Net Profit | 3.8K | 10.8% |
| OPM | 19.89% | 1.54pp |
| NPM | 12.48% | 1.56pp |
| EPS | 14.18 | 10.8% |
HCL Technologies Reports Q1 FY 2026 Results: Revenue Growth of 8.2% YoY, EBIT Margin at 16.3%
14 Jul 2025 · 14 Jul 2025, 05:54 pm
Summary
HCL Technologies Ltd has reported its Q1 FY 2026 results with a revenue growth of 8.2% YoY and an EBIT margin of 16.3%. The company's revenue stands at INR 30,349 Crores, up 0.3% QoQ and 8.2% YoY. The consolidated revenue on LTM basis has crossed $14B. The company's EBIT stands at 4,942 Crores and Net Income at 3,843 Crores.
Key Highlights
- 1
Revenue of INR 30,349 Crores, up 0.3% QoQ & up 8.2% YoY CC
- 2
Consolidated Revenue on LTM basis crosses $14B
- 3
EBIT at 4,942 Crores (16.3% of revenue), down 9.2% QoQ & up 3.1% YoY
- 4
NI at 3,843 Crores (12.7% of revenue), down 10.8% QoQ & down 9.7% YoY
- 5
ROIC (on LTM basis) - Company at 38.1%, up 353 bps YoY; Services at 45.2%, up 236 bps YoY
- 6
OCF at $2,571M and FCF at $2,421M (on LTM basis)
- 7
FCF/NI at 121% (on LTM basis)
- 8
Dividend of 12/- per share, 90 consecutive quarter of dividend pay-out
- 9
Total People Count at 223,151; Net addition: (269)
- 10
LTM Attrition at 12.8%
- 11
HCLTech is the only service provider positioned as 'Customers' Choice’ in all six Gartner® VOC Quadrant evaluations related to IT services
- 12
HCLTech recognized as one of the 'World's Most Sustainable Companies of 2025’ by Times and Statista
- 13
Company Revenue growth expected to be between 3.0% - 5.0% YoY in CC
- 14
Services Revenue growth expected to be between 3.0% - 5.0% YoY in CC
- 15
EBIT margin to be between 17.0% — 18.0%
Management Comments
Roshni Nadar Malhotra
Chairperson HCLTech
Al has become integral to business growth of global enterprises. HCLTech’s capabilities and strategic partnerships ensure our Al-led solutions are practical, comprehensive and significant value creators to our clients. We also remain intensely focused on the ethical deployment of Al and maximizing its positive social impact.”
C Vijayakumar
CEO & Managing Director HCLTech
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 Al and GTM investments. Our Al propositions are resonating well with our clients and have been augmented further by our partnership with Open Al. 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 Al era.”
Shiv Walia
Chief Financial Officer HCLTech
HCLTech Q1 FY26 INR revenue grew an impressive 8.2% YoY. EBIT for the quarter came in at 74,942 Crores and Net Income (NI) at 3,843 Crores and at 16.3% and 12.7% of revenue respectively. Our cash generation remains robust with OCF/NI at 129% and FCF/NI at 121%, reflecting the underlying strength of our business model. Our commitment to capital efficiency has resulted in LTM ROIC improving for the company by 353 bps YoY to 38.1% and for Services business by 236 bps YoY to 45.2%.”
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