HCL Tech's Stock Plunges 9% Following Q4 Earnings Disappointment
HCL Technologies Share Price Crashes Over 9% Following Q4 Results
On Wednesday, 22 April, the share price of HCL Technologies plummeted by over 9% to ₹1,301 apiece on the NSE, following the company's release of its Q4 results for 2026. In contrast, the IT stock opened at ₹1,345 today, down from its previous close of ₹1,441 per share on Tuesday.
HCL Tech Q4 Results 2026 Highlights
India's third-largest IT firm, HCL Technologies, reported a significant increase in consolidated profit for the March quarter (Q4FY26). The company's consolidated profit rose 4.20% year-on-year (YoY) to ₹4,488 crore, compared to ₹4,307 crore in the same period last year. On a sequential basis, profit increased by 10.11% from ₹4,076 crore in Q3FY26.
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| YoY Revenue Growth | QoQ Revenue Growth | Revenue (₹ Cr) | Revenue (US$ Mn) |
|---|---|---|---|
| 12.35% | 0.09% | ₹33,981 | $3,682 |
| 2.4% (constant currency) | -3.3% (constant currency) |
The company's consolidated revenue from operations for the quarter grew 12.35% YoY to ₹33,981 crore, up from ₹30,246 crore in Q4FY25. However, on a quarter-on-quarter basis, revenue remained largely unchanged compared to ₹33,872 crore reported in Q3FY26.
Additionally, HCL Technologies reported an EBIT of ₹5,620 crore for the quarter, up from ₹5,442 crore in Q4FY25 but lower than ₹6,285 crore in Q3FY26. This translates to a 3.3% YoY increase and a 10.6% QoQ decline. The EBIT margin, excluding restructuring costs, came in at 17.7%, compared to 18% a year ago and 19.4% in the previous quarter.
During the January–March period, the company secured multiple deal wins, including several advanced AI contracts. The total contract value of new deals stood at $1,936 million in Q4FY26, while the full-year FY26 figure reached $9,323 million.
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The company also declared a dividend of ₹24 per share for the quarter, taking the total dividend for FY26 to ₹60 per share. It has fixed Saturday, April 25, as the record date to identify eligible shareholders, and the dividend will be paid on Tuesday, May 5, according to its exchange filing.
Investor Takeaway
Investors should be cautious with HCL Tech's stock after the Q4 earnings disappointment.
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