HCLTech Reports Q1 FY26 Financial Results

HCL Technologies announced its first quarter financial results for FY26, revealing a 9.7% year-on-year drop in consolidated net profit to Rs 3,843 crore. Despite this, the company saw an 8.1% increase in revenue, reaching Rs 30,349 crore, driven by growth in technology and services, telecom and media, retail and CPG, and financial services sectors.

Strategic Moves and Future Outlook

CEO and MD C Vijayakumar highlighted the company's focus on AI and Gen AI investments, including a partnership with OpenAI, to drive future growth. Despite the current challenges, HCLTech has revised its revenue growth guidance for FY26 to 3–5%, up from the earlier 2–5%, reflecting optimism for the coming quarters.

Restructuring and Talent Strategy

The company is embarking on a restructuring program aimed at improving structural agility in the AI era, including optimization of facilities and talent ramp downs in some regions. Fresher intake is set to increase, with a focus on specialization and higher pay scales for elite cadre freshers.

Dividend Announcement

HCLTech's board declared an interim dividend of Rs 12 per share for FY26, with the record date set for July 18, 2025, and payment on July 28, 2025.