HCL Technologies Posts 4% YoY Increase in Net Profit to ₹4,488 Crore, Revenue Up 2.4% YoY in Constant Currency

HCL Technologies Reports 4.20% YoY Rise in Q4FY26 Consolidated Profit

HCL Technologies, India's third-largest IT company in terms of market capitalisation, has reported a 4.20% year-on-year (YoY) rise in its March quarter (Q4FY26) consolidated profit to ₹4,488 crore. This marks a significant increase from ₹4,307 crore in the same quarter last year.

The company's consolidated revenue from operations for the quarter under review grew by 12.35% YoY to ₹33,981 crore from ₹30,246 crore in Q4FY25. However, revenue remained almost flat on a quarter-on-quarter (QoQ) basis, with ₹33,872 crore in Q3FY26.

Quarterly Performance Comparison

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In constant currency (CC), the company's revenue rose by 2.4% YoY but declined 3.3% QoQ. Dollar revenue increased 5.3% YoY but declined 2.9% QoQ to $3,682 million in Q4FY26.

The company's EBIT during the quarter stood at ₹5,620 crore compared with ₹5,442 crore in Q4FY25 and ₹6,285 crore in Q3FY26, showing a 10.6% QoQ decline and a 3.3% YoY rise in Q4FY26 EBIT. EBIT margin, excluding restructuring, stood at 17.7%, compared to 18% YoY and 19.4% QoQ.

HCL Tech secured several deal wins, including multiple advanced AI deals, during the January-March quarter. Its new deal wins total contract value stood at $1,936 million in Q4FY26, while for the entire year FY26, it was $9,323 million.

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Key Geographies and Verticals

In CC terms, revenue from the US market increased by 4.9% YoY during the quarter, while in Europe, it declined by 2.9% YoY. The rest of the world and the Indian markets grew by 16.6% and 5.3%, respectively, on a year-over-year basis.

Among key verticals, technology and services saw a healthy growth of 17.8% YoY in CC, while financial services also saw a decent 4.3% YoY growth. Revenue from telecommunications, media, publishing and entertainment declined 8.6% YoY in CC.

The company's last twelve-month (LTM) voluntary employee attrition rate fell to 12.5% from 13.0% in Q4 of the previous year. During the quarter, the company added 1,712 freshers, and by the end of the March quarter, its total people count stood at 2,27,181, with a net addition of 802.