HCL Tech Q4FY26 results: HCL Technologies reported its Q4FY26 earnings on 21 April. (HCL Technologies)AI Quick ReadHCL Tech Q4 results: HCL Technologies, India's third-largest IT company in terms of market capitalisation, on Tuesday, 21 April, reported a 4.20% year-on-year (YoY) rise in its March quarter (Q4FY26) consolidated profit to ₹4,488 crore. In the same quarter last year, the company's profit was ₹4,307 crore. Sequentially, or on a quarter-on-quarter (QoQ) basis, the company's profit rose by 10.11% from ₹4,076 crore in Q3FY26.
Consolidated revenue from operations for the quarter under review grew by 12.35% YoY to ₹33,981 crore from ₹30,246 crore in Q4FY25. QoQ, revenue remained almost flat as in Q3FY26, HCL Tech's revenue was ₹33,872 crore.
In constant currency (CC), the company's revenue rose by 2.4% YoY but declined 3.3% QoQ. Dollar revenue increased 5.3% YoY but declined 2.9% QoQ to $3,682 million in Q4FY26.
“HCL Tech 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 an uncertain demand environment," said C Vijayakumar, CEO and Managing Director, HCL Tech.
"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. Our new AI-led service offerings are getting traction in the market and are reflected in annualised Advanced AI revenues crossing $620 million in Q4. Our number one priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi-decade value creation,” Vijayakumar said.
HCL Tech's EBIT during the quarter stood at ₹5,620 crore compared with ₹5,442 crore in Q4FY25 and ₹6,285 crore in Q3FY26. This shows a 10.6% QoQ decline and a 3.3% YoY rise in Q4FY26 EBIT.
EBIT margin, excluding restructuring, stood at 17.7%, compared to 18% YoY and 19.4% QoQ.
(This is a developing story. Please check back for fresh updates.)
Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.
He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters.
His coverage includes stock market trends, sector rotations, monetary and fiscal policy developments, inflation, growth data, and personal finance strategies.
With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments.
He regularly interviews market veterans, fund managers, economists, policymakers, and corporate leaders to provide readers with a 360-degree view of market dynamics and the broader economic landscape.
Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies.
Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.