HCL Technologies Q4 Results: Consolidated PAT Falls 6.4% QoQ To Rs 4,488 Crore, FY27 CC Revenue Guidance 1-4%

HCL Technologies reported a weaker Q4 earnings compared to its peers Wipro and TCS. In Q4FY26, the company reported a consolidated net profit of Rs 4,488 crore, registering a decline of 6.4% QoQ but upside of 4.2% YoY. On the other hand, its revenue stood at Rs 33,981 crore, up by 0.3% QoQ and 12.3% YoY.

The company's EBIT stood at Rs 5,620 crore, down by 10.6% QoQ but was up by 3.3% YoY. EBIT margin excluding restructuring stood at 17.7%.

In dollar terms, HCL posted a revenue of $3,682 million which was down by 2.9% QoQ but up by 5.3% YoY. The constant currency revenue reported de-growth of 3.3% QoQ but an upside of 2.4% YoY. HCL Software's CC revenue was down by 0.1% QoQ but up by 4.2% YoY.

In the quarter under review, HCL reported new deal wins of $1,936 million.

Talking about the performance, C Vijayakumar, CEO & Managing Director said, "HCLTech delivered superior revenue growth of 3.9% in constant currency, 10 bps below our guidance and 17.2% operating margin within our guidance, in a year marked by uncertain demand environment. During the quarter, our performance came below our expectations due to softness
in certain parts of our business due to lower discretionary spend and delayed decision making."

Vijayakumar added, "Our new AI-led service offerings are getting traction in the market and is reflected in annualized Advanced AI revenues crossing $620 million in Q4. Our #1 priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi decade value creation."

For the full year 2025-26, HCL posted net profit of Rs 17,361 crore, down by 0.2% YoY. While revenue stood at Rs 130,144 crore, registering a growth of 11.2%. In this fiscal, the company rewarded total dividend of Rs 60 per share, with a payout ratio of 97.6%.

For FY27 guidance, the company said its revenue growth is expected in the range of 1% t 4% in CC. While services revenue growth is expected in the range of 1.5% to 4.5% in CC. EBIT margins is estimated between 17.5% to 18.5%.

Going forward, Roshni Nadar Malhotra, Chairperson said, "As the global economy pivots to the AI era, we are evolving our all-weather portfolio and empowering our people so that we are nimble in adapting to fastchanging technology cycles and create value for our stakeholders. We continue to invest in creating AI propositions that are well-positioned to leverage emerging long-term growth opportunities."