HCL Technologies Limited has informed the Exchange about General Updates
HCLTECH · price
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Awaiting price reaction for this filing.
HCL Technologies reported Q3 FY26 revenue of $3,793 million, up about 7.4% year-on-year from $3,533 million. For the nine-month period, revenue rose to $10,982 million from $10,342 million, a growth of roughly 6.2%. However, profit for the quarter fell to $456 million (from $545 million) and for nine months to $1,392 million (from $1,547 million), mainly because of a one-time charge of $109 million linked to India's new Labour Codes spread across cost of revenue, R&D and SG&A. Operating profit margin dropped to about 15.7% in Q3 from 19.5% a year ago, showing clear margin compression. The company also paid an interim dividend of Rs 42 per share, amounting to $1,299 million. Auditors KPMG issued an unqualified review report with no material modifications.
Headline profit decline looks worse than the underlying business, as the $109 million Labour Codes charge is a one-time event. Investors should focus on steady revenue growth and strong operating cash flow of $1,790 million for nine months, though near-term margins will remain under watch.