HCLTech Q1 FY26 Results: Net Profit Declines 9.7% YoY to ₹3,844 Cr; Interim Dividend of ₹12 Announced
By Shishta Dutta | Published at: Jul 14, 2025 06:41 PM IST
Noida, July 14 — HCL Technologies Ltd (NSE: HCLTECH, BSE: 532281) reported its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26), posting a 9.7% year-on-year decline in consolidated net profit to ₹3,844 crore from ₹4,259 crore in Q1 FY25. Sequentially, profit was also down by 10.8% from ₹4,309 crore in Q4 FY25.
The IT services major also declared an interim dividend of ₹12 per equity share for FY26, with a record date of July 18, 2025 and payment slated for July 28, 2025.
Consolidated Financial Highlights (₹ in crore)
| Particulars | Q1 FY26 (Jun 2025) | Q4 FY25 (Mar 2025) | Q1 FY25 (Jun 2024) | YoY % | QoQ % |
|---|---|---|---|---|---|
| Revenue from Operations | 30,349 | 30,246 | 28,057 | 8.2% | 0.3% |
| Total Income | 30,805 | 30,695 | 29,160 | 5.6% | 0.4% |
| EBITDA (Est.)* | ~6,281 | ~6,775 | ~6,254 | ~0.4% | ~-7.3% |
| Profit Before Tax (PBT) | 5,189 | 5,735 | 5,707 | -9.1% | -9.5% |
| Net Profit | 3,844 | 4,309 | 4,259 | -9.7% | -10.8% |
| EPS (₹, Basic) | 14.18 | 15.90 | 15.70 | -9.7% | -10.8% |
*Estimated from standard margin structure
Segment-Wise Performance (₹ in crore)
| Segment | Q1 FY26 Revenue | Q4 FY25 Revenue | Q1 FY25 Revenue | YoY Growth |
|---|---|---|---|---|
| IT and Business Services | 22,454 | 22,186 | 20,905 | 7.4% |
| Engineering and R&D (ERS) | 5,174 | 5,162 | 4,455 | 16.1% |
| HCL Software | 2,721 | 2,898 | 2,697 | 0.9% |
Engineering and R&D services posted the strongest YoY growth at 16.1%, driven by sustained demand in digital engineering and product innovation verticals.
Dividend History
| Dividend Type | FY26 (so far) | FY25 | FY24 |
|---|---|---|---|
| Interim Dividend (₹) | 12 | 54 | 44 |
| Special Dividend (₹) | – | 6 | 6 |
| Total Dividend (₹) | 12 | 60 | 50 |
Management Commentary
C. Vijayakumar, CEO & MD, said:
“We continue to see stable growth in our core services, while our ER&D and software portfolios are strategically positioned for the digital transformation wave. While margins were under pressure this quarter, we remain confident in our FY26 guidance supported by strong client engagements.”
Shiv Walia, CFO, added:
“We maintained a healthy cash position, enabling us to declare a strong interim dividend. Operational efficiency and optimized cost structures will be our focus areas moving forward.”
Company Overview
HCL Technologies Ltd, listed on NSE and BSE, is one of India’s leading global IT services companies offering services in digital, software, infrastructure, and engineering. It has a significant global presence with subsidiaries in over 50 countries. As of FY25, its consolidated revenue stood at ₹117,055 crore.
REF:https://nsearchives.nseindia.com/corporate/HCLTECH_14072025173108_FinancialResults.pdf
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