HCL Technologies (HCLTECH) Q4 25/26 (Media) earnings summary

Executive summary

• Celebrated 50 years of operations and inclusion in Fortune's World's Most Admired Companies 2026 list.

• Audited consolidated and standalone financial results for the quarter and year ended March 31, 2026, were approved with unmodified audit opinions from statutory auditors.

• FY 2026 began amid market uncertainty, with persistent tariff volatility and softened discretionary spending in traditional segments.

• Strong focus on AI, with nearly every deal now incorporating AI or GenAI components.

• An interim dividend of ₹24 per equity share was declared for FY 2026-27, with a record date of April 25, 2026.

Financial highlights

• FY 2026 consolidated revenue reached $14.7 billion (₹130,144 crore), up 3.9% in constant currency year-over-year.

• Advanced AI annualized revenue hit $620 million, growing at 7%.

• Operating margin for FY 2026 was 17.2%, or 17.9% excluding restructuring costs, down 40 bps year-over-year.

• FY 2026 net income was INR 17,361 crores at 13.3% of revenue; consolidated net profit was ₹16,652 crore, impacted by one-time charges.

• Operating cash flow for the year was INR 19,975 crores; free cash flow was INR 18,553 crores.

Outlook and guidance

• FY 2027 revenue growth guidance is 1%-4% in constant currency, with services at 1.5%-4.5%.

• EBIT margin guidance for FY 2027 is 17.5%-18.5%.

• Guidance band widened due to market volatility, client-specific headwinds, and uncertainty in discretionary spending.

• Excluding one-time impacts, profit for the group was ₹17,371 crore for FY 2026.