HCLTech Profit Falls 11% Amid Robust Revenue Surge
Overview
HCLTech reported a 11.2% year-on-year decline in net profit to ₹4,076 crore for Q3 FY26, despite a 13.3% revenue increase to ₹33,872 crore. CEO C Vijayakumar highlighted crossing $15 billion in annualized revenues and strong bookings, positioning the firm for evolving AI demand.
Stocks Mentioned
HCLTech on Monday disclosed a 11.2% year-on-year drop in consolidated net profit for the October-December quarter of FY26. Net profit settled at ₹4,076 crore, down from ₹4,591 crore in the same period last year.
Revenue Growth Momentum
The IT services firm, however, showcased strong top-line expansion. Revenue from operations climbed 13.3% to ₹33,872 crore in the third quarter. This marks a significant increase from ₹29,890 crore recorded in Q3 FY25. Quarter-on-quarter, profit slipped 3.7% while revenue rose 6%.
Strategic Outlook
Chief Executive Officer and Managing Director C Vijayakumar noted the company achieved a key revenue milestone, surpassing USD 15 billion in annualized revenues. New bookings were robust at USD 3 billion. HCL Software revenue saw a sharp increase of 28.1% QoQ and 3.1% YoY in constant currency.
AI Positioning and Workforce
Vijayakumar expressed confidence in addressing growing client demand for artificial intelligence across various industries. The company also expanded its workforce, adding 2,852 freshers during the quarter. Total employee strength stood at 226,379 at the close of Q3 FY26.
Market Reaction
Shares of HCLTech concluded Monday's trading session 0.35% higher at ₹1,668.10 apiece on the BSE. The financial results were announced after the market closed.
