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