HCL Tech Q4 Results FY25 Highlights: HCL Tech on Tuesday announced its fiscal fourth quarter earnings. It posted Q4 profit at Rs 4307crore, recording a growth of 8.05 per cent in comparison to Rs 3986 crore recorded during the corresponding quarter of previous financial year. It posted revenue from operations for the quarter in review at Rs 30,246 crore, up 6.13 per cent YoY. The Board of Directors has declared an interim dividend of Rs 18 per equity share of Rs 2 each of the company for the Financial Year 2025-26.
Earlier in January, HCL Tech had released its fiscal third quarter earnings report with a profit growth of 5.54 per cent at Rs 4,591 crore in comparison to Rs 4,350 crore posted during the corresponding quarter of previous year. It had reported revenue from operations for the quarter under review at Rs 29,890 crore, up 5.07 per cent from Rs 28,446 crore in Q3FY24.
HCL Tech Q4 Results Live Updates: CEO says 'no impact of Trump tariff so far'
"We haven't seen any specific impact so far. We see this playing out much faster in consumer and manufacturing segments. But if tariffs play foul, I don't think any vertical would be left behind...all industries would be impacted," said CEO and MD C Vijayakumar.
HCL Tech Q4 Results Live Updates: Update on revenue posted during FY25 and Q4FY25
FY25
• INR Revenue of Rs 117,055 crore, up 6.5%
• Constant Currency (CC) Revenue up 4.7%
• USD Revenue of $13,840M, up 4.3%
• HCLTech Services CC Revenue up 4.8%
• Digital CC Revenue up 8.6%; contributes 39.0% of Services
• HCLSoftware CC Revenue up 3.5%
• HCLSoftware ARR at $1.03B, up 1.8% CC
Q4FY25
• INR Revenue of Rs 30,246 crore, up 1.2% QoQ & up 6.1% YoY
• Constant Currency (CC) Revenue down 0.8% QoQ & up 2.9% YoY
• USD Revenue of $3,498M, down 1.0% QoQ & up 2.0% YoY
• Services CC Revenue up 0.7% QoQ & up 2.7% YoY
• Digital CC Revenue up 12.6% YoY; contributes 40.7% of Services
• HCLSoftware ARR at $1.03B, up 1.8% YoY CC
HCL Tech Q4 Results Live Updates: New deal wins
For FY25, TCV (New Deal wins) came in at $9,268 million and for the quarter ended March 31, 2025, TCV stood at $2,995 million.
HCL Tech Q4 Results Live Updates: Attrition rate at 13%
HCL Tech saw attrition over the last twelve months rise to 13 per cent — up from 12.4 per cent in Q4 of last year. The total employee tally stood at 223,420 at the end of FY25 with a net addition of 4,061 people. There was a reduction of headcount by 7,398 individuals due to divesture while HCL Tech added 7,829 freshers to its roster.
During the quarter, HCL Tech said that it added 2,665 employees to its roster and added 1,805 freshers.
HCL Tech Q4 Results Live Updates: Shiv Walia on Q4 performance
Shiv Walia, Chief Financial Officer, HCLTech, said, “HCLTech delivered 6.5% INR revenue growth in FY25, yet another year of best-in-class performance. Our revenue came in at Rs 117,055 crore, up 6.5% and EBIT at Rs 21,420 crore, up 7.0%. HCLTech service revenue crossed a new milestone at Rs 105,398 crore, up 6.6%. Our Net Income (NI) for the year came in at Rs 17,390 crore, up 10.8%, translating to an EPS of Rs 64.09. Our cash generation remains robust with OCF/NI at 129% and FCF/NI at 123%.”
HCL Tech Q4 Results Live Updates: ‘We saw very strong new bookings of $3B this quarter catalyzed by our AI propositions’
C Vijayakumar, CEO & Managing Director, HCLTech, said, “HCLTech grew the fastest among our peers for the second year in a row as we witnessed yet another year of disciplined execution. We delivered on our FY25 guidance with revenue growth of 4.7 per cent in constant currency and EBIT margin of 18.3 per cent. HCL Software growth continues to accelerate as it grew 3.5per cent CC this year. During this quarter, our services business delivered healthy growth of 0.7 per cent QoQ CC amidst volatile market conditions. We saw very strong new bookings of $3B this quarter catalyzed by our AI propositions and integrated GTM organization that was set up at the start of the fiscal year. The strength of our execution should present us good medium-term opportunities emerging out of global uncertainties while we navigate the short-term cautiously.”
HCL Tech Q4 Results Live Updates: Roshni Nadar on Q4 performance
Roshni Nadar Malhotra, Chairperson, HCLTech, said, “HCLTech has delivered another year of robust growth with its future ready portfolio. We also marked the 25th anniversary of HCLTech going public and achieved the distinction of delivering best-in-class TSR over the past decade. We remain committed to creating value for all our stakeholders.”
HCL Tech Q4 Results Live Updates: FY26 growth guidance
HCL Tech announced that the company revenue growth for FY26 is expected to be between 2.0 - 5.0 per cent YoY in CC terms. Services revenue growth, meanwhile, is expected to be between 2.0 - 5.0 per cent YoY in CC. EBIT margin, it added, is projected to be between 18.0 - 19.0 per cent.
HCL Tech Board of Directors has declared an interim dividend of Rs 18 per equity share of Rs 2 each of the company for the financial year 2025-26. “The record date for the payment of the aforesaid interim dividend shall be April 28, 2025 and the payment date of the said interim dividend shall be May 6, 2025,” the company said in a regulatory filing.
Shiv Walia, Chief Financial Officer, HCLTech, said, “Our Board is pleased to declare Rs 18/share as the dividend for the quarter, bringing the total to Rs 60/share for FY25, which is 93.5 per cent of the EPS.”
HCL Tech Q4 Results Live Updates: Profit rises by 8.05% YoY to Rs 4307crore
HCL Tech on Tuesday announced its fiscal fourth quarter earnings with profit at Rs 4307crore, posting a growth of 8.05 per cent in comparison to Rs 3986 crore recorded during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 30,246 crore, up 6.13 per cent as against Rs 28,499 crore reported during the fourth quarter of FY24.
Q4 Results Live Updates: Follow the bookings trajectory
InCred Equities said, “Accenture’s Q2FY25 earnings and commentary suggests booking trajectory is a critical metric to track. As a reminder, H1FY25 overall/outsourcing bookings declined by 1%/4.6% yoy, a first since 1HFY15/1HFY16 and despite a low base (bookings had declined in Q2FY24 too).”
Q4 Results Live Updates: Sharekhan on key monitorable
An analysis report by Sharekhan maintained, “Management commentaries on deal activity across verticals, cues on discretionary and IT budget spend in the face of increased uncertainty and progress on Gen AI would be key monitorable. With sector valuations around long-term average levels, we believe the recent corrections have turned the valuation reasonable from a medium to long term perspective. We remain positive on the sector from a medium to long-term perspective and advise investment in our preferred picks.”
Q4 Results Live Updates: ICICI Securities on IT sector
ICICI Securities said, “US government’s policy changes pertaining to tariffs have manifested in uncertainty over the last three weeks of the quarter. This may impact client decision making and dampen recovery in discretionary spends. Manufacturing (including auto), retail and CPG verticals may face the brunt. A cautious demand narrative and conservative guidance for FY26 may serenade the ensuing earning season. Q4FY25 revenue growth shall be sluggish – our coverage universe possibly falling short of expectations at the quarter’s outset. We trim our earnings forecast by 0–8% on likely weak Q4FY25 and bake in softer growth ahead.”
HCL Tech Q4 Results Live Updates: Estimates from Kotak Institutional Equities
Revenue
Rs 30,356.60 crore; Up 6.5% YoY
EBIT
Rs 5516.60 crore; Up 10.1% YoY
Adjusted net profit
Rs 4369.60 crore; Up 9.6% YoY
Q4 Results Live Updates: InCred Equities on expectations from IT sector
■ All eyes are on the FY26F guidance, but macroeconomic uncertainty could mean a potential washout for the year.
■ Growth starvation could increase competitive intensity which, coupled with productivity pass-back, could hurt the EBIT margin of the sector.
■ Implied valuations of Tier-I companies, post sharp P/E derating, imply mid single digit long-term growth, but the visibility on earnings erosion is limited.
Q4 Results Live Updates: What to watch out for?
While the HCL Tech Q4 results are expected to be released anytime now, investors are looking forward to the announcement on dividend and FY26 growth guidance.
Q4 Results Live Updates:Nomura says avoid export oriented stocks including IT
International brokerage house Nomura has advised caution against export-oriented sectors. According to them, they are “cautious on export sectors and capex themes. These include IT services, industrials, cement, and metals.”
Q4 Results Live Updates: Nuvama on deal flows for IT sector
Nuvama said, “Deal flows are likely to remain strong despite a volatile demand environment, with cost takeout deals contributing the bulk of incremental wins. We estimate some pickup in discretionary deal-wins, particularly in the BFSI sector. Margins are also likely to stay stable, excluding one with wage hikes/seasonality.” Given the weak macro, Nuvamma anticipated soft revenue growth guidance for FY26– HCL Tech (3–5% including 1% inorganic) CC YoY.
Q4 Results Live Updates: Q4 top line may be shy of expectations, says ICICI Securities
ICICI Securities said, “The demand environment largely exhibited status quo in the first two months of the Mar’25-quarter; but, the month of March saw uncertainty creeping in due to the changing US government policies on tariffs. Most companies in our coverage witnessed a slowdown in decision making by clients amidst aforesaid policy uncertainty. Manufacturing (including auto), retail and CPG verticals are likely to be directly impacted by new tariffs. Technology vertical companies are navigating GenAI-led disruption and are focussed on improving RoI from their GenAI investments. BFSI vertical spending seems to be relatively resilient but is likely to be impacted if economic growth slows down due to policy changes.”
HCL Tech Q4 Results Live Updates: Demand environment
An analysis report by Sharekhan stated, “We expect deal win TCV to be modest for Tier IT service companies with dearth of mega deals. HCLT is expected to provide conservative growth guidance due to uncertainties stemming from the Trump administration policy measures fuelling concerns of increased inflation and economic slowdown. Management commentaries on deal activity across verticals, cues on discretionary and IT budgetary spend in the face of increased uncertainty and progress on Gen AI would be key monitorables.”
HCL Tech Q4 Results Live Updates: Kotak on IT sector
Kotak Institutional Equities said, “The deterioration in the macro environment will weigh on Q4FY25 numbers and FY2026E guidance. Noting the uncertainty, FY2026 could end up similar to FY2025E or even lower in growth. PSYS, Coforge and Mphasis will stand out with strong growth in Q4FY25, while incumbents such as TechM will report weak numbers. LTIM will likely disappoint as well. ERD companies will report weak numbers, with Tata Elxsi leading the pack.”
HCL Tech Q4 Results Live Updates: Estimates on HCLTech’s margins
JM Financial said, “HCL Tech’s margin will be weighed down by lower software sales and partial wage hike.”
HCL Tech Q4 Results Live Updates: Previous dividend announcement
Earlier in January, HCL Tech announced the fourth interim dividend of Rs 18 per share of Rs 2 each for the financial year 2024-25 (FY25). This includes a special dividend of Rs 6 per share to celebrate 25 years of the company’s public listing.
HCL Tech Q4 Results Live Updates: Nuvama on growth expectations
Nuvama said, “Revenue shall report revenue decline of -0.7% QoQ in CC and -1.3% QoQ in USD - driven by Services (+0.5% QoQ) and P&P (-15% QoQ).” Services business, it added, will be boosted by two months of inorganic contribution (HPE, ~1%). EBIT margin to fall 170bp QoQ due to P&P seasonality. The brokerage firm expects HCL Tech to guide FY26 revenue growth (3-5 per cent CC YoY growth in Services) and margin (18-19 per cent).
HCL Tech Q4 Results Live Updates: Sharekhan on growth guidance HCL Tech
Per an analysis report by Sharekhan, HCL Tech is expected to provide conservative growth guidance due to increased macro uncertainties.
HCL Tech Q4 Results Live Updates: Revenue headwinds in Q4 for HCL Tech as listed by ICICI Securities
ICICI Securities said, “We build -0.2% USD/+0.2% CC QoQ revenue growth, in-line with QoQ growth implied by full year guidance of 4.5% to 5% for FY25. Q4 will include a 2-month contribution from HPE acquisition of ~$40 million.”
The brokerage firm said that the revenue headwinds in Q4 include: 1) large project completion in retail and CPG vertical; 2) planned reduction in mega-deal driven work in telecom; 3) delay in ramp up of discretionary deals and 4) weak seasonality in products business.
Per ICICI Securities, EBIT margin is expected to decline by around 60bps QoQ led by seasonal weakness in products business and senior management wage hike.
HCL Tech Q4 Results Live Updates: Estimates for FY26 growth guidance
JM Financial has lowered its FY26 cc revenue growth for top-6 from 4.4-7.8 per cent earlier to 2.7-5.8 per cent now. “HCL could guide 3-5 per cent, but aided by 1ppt in-organic contribution. The key questions investors need answer to is whether the current uncertainty will defer or derail the recovery,” it said.
HCL Tech Q4 Results Live Updates: InCred Equities on Q4 expectations
InCred Equities said that the services business during the fourth quarter could grow 1 per cent CC (led by CTG acquisition contribution) and flattish on an organic basis. Overall, it expected revenue weakness driven by weak Product business seasonality. “Weak product business seasonality to offset INR depreciation tailwinds,” it said.
Key monitorable, it said, included FY26F guidance, outlook on IT services, ER&D & Products business deal wins, and key vertical commentary.
Estimates from brokerage firm:
InCred Equities
Revenue
Rs 30,439.10 crore; Up 6.8% YoY
EBIT
Rs 5638.50 crore; Up 12.4% YoY
Profit
Rs 4448.80 crore; Up 11.6% YoY
HCL Tech Q4 Results Live Updates: HCL Tech will announce Q4 results today
Earlier in a regulatory filing, HCL Tech had announced the dates for the company board meeting to decide and declare the fourth quarter and FY25 results. It had said, “The Company will announce the Fourth Quarter and Annual FY 2025 Results, ended March 31, 2025, on Tuesday, April 22, 2025, post-closing of Indian stock markets. Following the results announcement, senior management of HCL Technologies will conduct audio conference call at 7:30 p.m. (IST) for 60 minutes to discuss the results followed by the detailed question-answer session.”
HCL Tech Q4 Results Live Updates: Welcome to the live blog!
Greetings! With the fiscal fourth quarter earnings season already kickstarted on and a few IT giants having released their Q4 numbers, today HCL Tech will announce its key numbers. We, at FinancialExpress.com, through this live blog, will continue to bring to you all the updates on the expectations from HCL Tech, key numbers, announcements on dividend, FY26 growth guidance, among other things, while also analysing the results with the help of analysts’ views. Stay tuned.