HCL Tech Q1 Results: Net Profit Falls 10% To Rs 3,843 Cr; Declares Rs 12 Dividend Per Share
Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topline saw a marginal increase of 0.3 per cent from Rs 30,246 crore in the previous quarter.
The IT major also announced an interim dividend of Rs 12 per share for the financial year 2025-26. The record date for this dividend is July 18 and the payment will be made on July 28.
Looking ahead, the company expects its revenue and services revenue to grow between 3 per cent and 5 per cent in constant currency terms during FY26. The EBIT margin guidance remains between 17 per cent and 18 per cent, the company added in its filing.
Commenting on the results, Chairperson Roshni Nadar Malhotra said HCL Technologies is focused on the ethical deployment of artificial intelligence (AI) and believes AI is now integral to the growth strategies of global enterprises.
She added that the company's strategic partnerships and capabilities ensure that its AI-led solutions deliver real value to clients. CEO and Managing Director C. Vijayakumar highlighted that revenue grew 3.7 per cent year-on-year (YoY) in constant currency, with services business growing by 4.5 per cent.
The company's operating margin stood at 16.3 per cent, which he attributed to lower employee utilisation and increased investments in generative AI and go-to-market strategies. Vijayakumar added that HCL Tech's AI solutions are resonating well with clients and that its recent partnership with OpenAI has further strengthened its position.
He noted that the company's deal pipeline continues to grow in a stable demand environment, and that HCL Tech remains well-positioned for growth as the only IT service provider rated as 'Customer's Choice' in all six Gartner Voice of Customer quadrants related to IT services.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
11 minutes ago
- India.com
Vietnam's VinFast Enters India with First EV Showroom In Gujarat, Plans 35 Outlets By Year-End
New Delhi: Vietnamese electric vehicle maker VinFast on Sunday opened its first showroom in India at Gujarat's Surat as the company looks to tap the growing market for electric cars in the country. The showroom will showcase the company's electric SUV variants VF 6 and VF 7, which will be launched as right-hand drive variants for the first time. "The vehicles will be locally assembled at VinFast's upcoming factory at Thoothukudi in Tamil Nadu, reinforcing the company's long-term commitment to India as a strategic market and future hub for electric vehicle production," a VinFast statement said. VinFast plans to open 35 dealerships across over 27 cities in the country by the year-end. Vehicles will be assembled at its upcoming manufacturing facility in Thoothukudi, Tamil Nadu. Vietnamese EV giant VinFast opens First Indian Showroom in Surat,Gujrat. Aims 35 Showrooms across India By 2025 end. — Indian Infra Report (@Indianinfoguide) July 27, 2025 Located in Surat's Piplod area, the showroom will showcase the brand's upcoming premium electric SUVs – the VF 6 and VF 7 – for which pre-bookings opened on July 15. Customers can reserve their vehicle at showroom their vehicle at showrooms or online through with a fully refundable deposit of Rs 21,000, the statement said. VinFast Asia CEO Pham Sanh Chau said: "The first VinFast Showroom in Surat is a symbol of our deep commitment to India. We are excited to bring the VinFast experience closer to Indian consumers. With this dealership in Gujarat, we aim to offer not just electric vehicles, but a complete ownership journey built on quality trust and service excellence.' The Vietnamese EV maker has formed partnerships with RoadGrid, myTVS, and Global Assure to provide charging and after-sales services across India. The company has also joined hands with BatX Energies to promote battery recycling and establish a circular battery value chain, reinforcing its commitment to sustainable innovation. Earlier this month, the Elon Musk-run Tesla launched its Model Y in India, at prices starting at Rs 59.89 lakh, with its first showroom in Mumbai. Tesla will be importing the Model Y as a completely built unit (CBU) from its manufacturing facility in Shanghai in China.
Time of India
39 minutes ago
- Time of India
BSL township residents to pay more for power
Bokaro: The Jharkhand State Electricity Regulatory Commission hiked electricity charges by five paise per unit for domestic LT and HT consumers in the Bokaro Steel Township, after seven years. "This increase will affect BSL quarter residents, while plot holders and other categories like Commercial, Agricultural, and Streetlight services will see no change," said Manikant Dhan, chief of communication, BSL. Sources said Bokaro Steel Plant is expected to generate an additional Rs 30 lakh annually due to this revision. The hike comes after a public hearing held last month, where the management proposed the tariff revision. Citizens, however, strongly opposed it. TNN "Instead of burdening honest consumers, stop rampant power theft by illegal occupants," said one attendee during last month's public hearing. Another added, "Let BSL plug the leaks before raising rates."
Time of India
an hour ago
- Time of India
KRT IPO: Sattva-Blackstone backed REIT gets Sebi nod for Rs 4,800 crore raise; public issue likely to hit markets early August
Knowledge Realty Trust (KRT), a REIT sponsored by Sattva Group and Blackstone, has received approval from the Securities and Exchange Board of India (Sebi) to go ahead with its Rs 4,800-crore initial public offering . The public issue is expected to hit the market in the first week of August, according to PTI citing sources. Ahead of the IPO, KRT has already mobilised Rs 1,400 crore from institutional investors. The company had filed its draft red herring prospectus (DRHP) in March this year, as part of its plan to monetise 30 premium office assets spread across key Indian cities, ANI reported. The REIT owns over 46 million sq ft of rent-yielding office properties across 29 locations in Mumbai, Bengaluru and Hyderabad. Notable assets include One BKC and One World Center in Mumbai, Knowledge City and Knowledge Park in Hyderabad, and Cessna Business Park and Sattva Softzone in Bengaluru. Sources said the roadshow will begin this week, and the price band announcement is expected by August 30. Post listing, KRT is poised to become India's largest REIT by gross asset value, pegged at around Rs 62,000 crore. Its net operating income stood at Rs 3,432 crore in FY24. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do You Speak English? You May Be Able To Work a USA Job From Home in Bangladesh US Jobs | Search ads Undo Following the IPO, sponsors Sattva Group and Blackstone will retain around 80% ownership in the trust. While Sattva declined to comment, sources said the trust will continue to adopt a brand-neutral approach, focusing on inorganic growth through third-party acquisitions. There are currently four REITs listed in India — Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Except for Nexus, which is focused on retail spaces, the others are anchored in office real estate. Together, these four REITs manage over 126 million sq ft of Grade A office and retail space and have distributed over Rs 21,000 crore to unitholders since inception. Sattva Developers, headquartered in Bengaluru, has completed over 74 million sq ft of projects across seven cities, spanning commercial, residential, co-living, co-working, hospitality, and data centres. Another 75 million sq ft is currently in various stages of development. Global investment firm Blackstone continues to hold a substantial portfolio in India's commercial real estate sector. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
