HCL Technologies Limited has informed the Exchange regarding a press release dated April 21, 2026, titled "Investor Release Q4 FY 2026".
HCLTECH · price
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HCL Technologies reported FY2026 revenue of ₹130,144 crores (up 11.2% YoY in INR, 6% in USD at $14.7B). Q4 revenue came in at ₹33,981 crores ($3.7B), up 5.3% YoY but down 2.9% QoQ in USD terms. EBIT margin for FY26 was 17.2% (17.9% excluding restructuring costs), down from 18.3% in FY25, with Q4 EBIT margin at 16.5%. Net income for the year was ₹17,361 crores, roughly flat YoY. Management flagged Q4 underperformance due to lower discretionary spending and delayed client decisions, though Advanced AI revenues crossed $620M annualized. FY27 guidance projects modest revenue growth of 1-4% YoY with EBIT margin expected in the 17.5-18.5% range. The company maintains strong cash generation with FCF/NI at 107% and ROIC at 40.3%.
The guidance suggests limited revenue growth visibility for FY27, with margin guidance signaling pressure rather than improvement. The stock may see cautious sentiment given the Q4 miss and soft near-term outlook, despite strong AI traction and cash generation metrics.