Consolidated revenue for the quarter stood at Rs 31,942 crore, up 5% sequentially and 11% year-on-year (year-on-year), supported by robust performance in the services and engineering segments. On a constant currency basis, sales grew 2.4% quarter-on-quarter (QoQ) and 4.6% year-on-year.
HCL Tech’s net income stood at Rs 4,235 crore, flat year-on-year but up 10% sequentially. Operating profit (EBIT) rose to Rs 5,550 crore, representing a margin of 17.4%, helped by improved efficiency and controlled costs despite a restructuring impact of 55 basis points.
The company reported a return on invested capital (ROIC) of 38.6%, with the services sector alone generating a healthy ROIC of 45.3%.
Commenting on the results, CEO and Managing Director C Vijayakumar said: “This was a standout quarter on every front, marked by strong execution, growing demand for our AI-powered solutions, and our new deal secured over $2.5 billion, without reliance on any mega deal.”
He added that HCL Tech continues to see broad-based growth across all sectors and regions. The company’s free cash flow to net profit ratio was 125%, underscoring its strong cash flow generation capabilities. HCL Tech ended the quarter with Rs 31,570 crore in gross cash and Rs 29,211 crore in net cash even after paying Rs 3,251 crore in dividends during the quarter. Chairman Roshni Nadar Malhotra said HCL Tech’s focus remains on “capital efficiency and sustainable growth,” while CFO Shiv Walia noted that the company has “delivered superior revenue growth with improved profitability and solid cash generation.”
The company’s expectations for FY26 remain unchanged: revenue growth between 3% and 5% at constant exchange rates and an EBIT margin of 17-18%.
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