HCLTech Q1 FY26 Net Earnings Decline While Revenue Shows Growth
New Delhi, Jul 14 (PTI) – HCL Technologies, a prominent IT services firm, reported a 9.7% decrease in consolidated net profits for the first quarter of the fiscal year 2026. Despite this decline, the company experienced an 8.1% increase in revenue, reaching Rs 30,349 crore.
The profit dip was offset by notable growth in various sectors including technology and services (13.7%), telecom and media (13%), retail and CPG (8.2%), and financial services (6.8%). Looking ahead, HCL Technologies has revised its earnings guidance range upwards for FY26, now projected at 3-5% growth in constant currency compared to the earlier forecast of 2-5%.
Commenting on the financial results, a company spokesperson stated, “We achieved a robust revenue growth of 3.7% year-on-year, driven by exceptional performance in our Services segment, which saw a 4.5% year-on-year expansion in constant currency terms.”
Regarding the restructuring initiatives, the company aims to restore its margins to the range of 18-19%. While profits declined by 10.7% sequentially, revenue saw a marginal uptick of 0.3% compared to the previous period.
Overall, HCL Technologies remains optimistic about its financial outlook, with the lower end of the revenue guidance band now set at 3-5% growth in constant currency for FY26, reflecting a positive trajectory for the company’s performance.
In conclusion, the company spokesperson highlighted, “Our strong revenue growth and operational efficiency in the Services division underscore our commitment to sustained progress and profitability.”