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HomeMarket NewsHCLTech Q1 Results Highlights: Restructuring to impact Q2–Q4; Aims to restore margins to 18–19%
HCL Technologies Q1 Results Highlights: HCLTech on Monday cut its FY26 EBIT margin guidance to 17–18%, from 18–19% earlier, after operating margins declined sharply in the June quarter due to lower utilisation and higher investments in generative AI and go-to-market initiatives.
HCL Technologies Q1 Results Highlights: HCLTech on Monday cut its FY26 EBIT margin guidance to 17–18%, from 18–19% earlier, after operating margins declined sharply in the June quarter due to lower utilisation and higher investments in generative AI and go-to-market initiatives.
The company reported a net profit of ₹3,843 crore for the quarter, down 10.8% from ₹4,307 crore in the previous three months.
EBIT fell to ₹4,942 crore from ₹5,442 crore, with EBIT margin narrowing to 16.3% from 17.9%.
Revenue in U.S. dollar terms rose 1.4% sequentially to $3,545 million, while rupee revenue declined 0.25% to ₹30,349 crore. In constant currency terms, revenue declined 0.8%, performing slightly better than the estimated 1.1% drop.
HCLTech raised the lower end of its FY26 revenue growth guidance to 3–5%, from 2–5% previously, in line with analyst expectations.
