HCL Infosystems Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "Unaudited standalone and consolidated financial results for quarter ended 31st December 2025".
HCL-INSYS · price
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Awaiting price reaction for this filing.
HCL Infosystems reported Q3 FY26 revenue of Rs. 422.22 lakhs, down from Rs. 506.73 lakhs in the previous quarter, mainly due to fewer change requests in its Defence Project. Loss before tax and exceptional items widened to Rs. 757.67 lakhs from Rs. 550.26 lakhs, driven by an additional Rs. 322.18 lakhs provision linked to a CESTAT order involving a much larger tax demand of around Rs. 31,234 lakhs. After exceptional items (including a Rs. 222.16 lakhs provision for new Labour Codes), loss before tax stood at Rs. 975.16 lakhs, with legal expenses of Rs. 383.23 lakhs on ongoing litigations. The promoter group company HCL Capital has approved financial support of up to Rs. 1,50,000 lakhs, of which Rs. 30,000 lakhs has already been received via NCD allotment. Additionally, Mr. Gaurav Bhalla will be appointed as the new Manager from May 1, 2026, replacing Mr. Raj Sachdeva whose tenure ends April 30, 2026.
Shareholders face continued operational losses and a heavy tax/legal overhang (large CESTAT demand), but the promoter-backed financial support offers a cushion. The sharp revenue decline and widening losses suggest the stock may remain under pressure in the near term.