HCL Technologies, India’s third‑largest IT firm, announced its earnings for the quarter ended December 2025. The numbers show solid revenue growth, a dip in profit because of a one‑time expense, and strong performance in its AI business.
Key Financial Numbers
- Revenue: ₹33,872 crore, up 13% year‑on‑year.
- Net profit: ₹4,076 crore, down 11% YoY due to a one‑time cost of ₹956 crore.
- EBIT: ₹6,285 crore, an 8% rise YoY, with margins improving to 18.6%.
AI Services Drive Growth
Revenue from advanced AI services jumped 19.9% quarter‑on‑quarter in constant‑currency terms, reaching $146 million. This helped lift overall AI revenue by 20%.
New Deal Wins and Bookings
The company signed several large contracts, including a five‑year AI partnership with a global apparel retailer worth $473 million. Total new bookings rose 43% YoY to $3.0 billion.
Client Base Expansion
- Clients with spend over $100 million: 23
- Clients with spend over $50 million: 56
- Clients with spend over $10 million: 268
- Clients with spend over $5 million: 421
- Clients with spend over $1 million: 968
Sector Performance
Financial services remained the biggest revenue source (about 21%). Technology and services grew fastest, each gaining double‑digit percentage growth. Manufacturing was stable, while healthcare and retail faced modest pressure.
Employee Attrition
Voluntary employee turnover fell slightly to 12.4% in the December quarter, indicating better staff retention.
Dividend Announcement
HCL declared an interim dividend of ₹12 per share, marking the 92nd straight quarter of dividend payments. The record date is 16 January 2026 and the payment date is 27 January 2026.
FY26 Outlook
- Revenue growth target: 4%‑4.5% for the full fiscal year.
- Services‑segment revenue expected to grow 4.75%‑5.25% YoY in constant currency.
- EBIT margin projected between 17% and 18%.
Remember, this is just an overview, not a prediction. Do your own research or talk to a certified advisor before making any investment decisions.