IT services major HCLTech announced its fiscal first quarter earnings report with profit at Rs 3,843 crore. This was 9.73 per cent lower in comparison to Rs 4,257 crore recorded during the corresponding quarter of FY25. It posted revenue from operations for the period at Rs 30,349 crore.
For FY26, HCLTech revised its revenue growth guidance to 3.0 – 5.0 per cent YoY in CC. Services revenue growth, it added, is expected to be between 3.0 – 5.0 per cent YoY in CC. EBIT margin, meanwhile, is pencilled in at 17.0 – 18.0 per cent.
C Vijayakumar, CEO & Managing Director, HCLTech, said, “We had healthy revenue growth of 3.7% YoY supported by good performance in our Services business with 4.5% YoY growth in constant currency. Our operating margin came at 16.3%, impacted by lower utilization 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.”
HCLTech Q1 results: From dividend, deal wins, revenue guidance to demand trends and US tariff impact
HCL Tech Q1 Result 2025 Live: Will HCLTech revise its FY26 growth guidance?
HDFC Securities said that HCLTech is expected to retain its FY26E revenue growth guidance of 2-5% for FY26E. It further added that HCLTech is likely to maintain a margin band at 18-19% for the period.
HCL Tech Q1 Result 2025 Live: Revenue to drop 0.8% due to seasonal weakness
Kotak Institutional Equities said, “We forecast c/c revenue decline of 0.8% due to seasonal weakness in the IT Services business. We forecast a QoQ revenue decline of 0.8% each in the Services and Products segments. Cross-currency tailwind for the quarter stands at 214 bps.”
HCL Tech Q1 Result 2025 Live: Results to be announced today
India’s IT services sector has kicked off the earnings season and today, HCLTech will announce its Q1 numbers.
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HCL Tech Q1 Result 2025 Live: Welcome to the live blog!
Greetings! With the first quarter earnings season of FY26 already on, today, IT major HCLTech will release its Q1 numbers. We, at FinancialExpress.com, through this live blog, will bring to you all the updates on the expectations from the IT major, key numbers and announcements by the company leadership team. Stay tuned.