Press Release on Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026
HCL-INSYS · price
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HCL Infosystems reported FY26 revenue of Rs. 2,160.86 Lakhs, down ~12% from Rs. 2,461.27 Lakhs in the prior year. The company posted a Loss Before Tax after exceptional items of Rs. 3,291.45 Lakhs, worsening from a loss of Rs. 2,110.92 Lakhs in FY25, primarily due to a non-cash interest expense of Rs. 463.12 Lakhs on Non-Convertible Debentures. Exceptional items included a gain on property sale (Rs. 4.59 Lakhs) and a provision for New Labour Codes impact (Rs. 165.38 Lakhs). The company incurred Rs. 1,712.84 Lakhs in legal expenses related to ongoing litigations and legacy issues. A favorable arbitration award of Rs. 10,281 Lakhs in the UIDAI case was received, but the customer has filed an appeal. Promoter group entity HCL Capital Private Limited has extended financial support via Unlisted NCDs of Rs. 35,500 Lakhs at a 0.001% coupon rate, treated partly as equity contribution.
The company is loss-making, cash-burning, and faces significant contingent liabilities from litigation, raising substantial going-concern risk. Revenue is declining and operations are heavily dependent on promoter-backed financing to sustain liquidity.