HCL Tech Share Price Falls Over 4% After Q1 Net Profit at ₹4,624 Crore

HCL Technologies retained its FY27 guidance after reporting its June quarter results, as per an announcement. The company continues to expect constant currency (CC) revenue growth of 1-4% for the financial year.  

It also maintained its services revenue growth guidance at 1.5-4.5% in CC terms and expects EBIT margin to remain between 17.5% and 18.5%. 

The board declared an interim dividend of ₹12 per equity share. July 17 has been fixed as the record date to determine eligible shareholders, while the dividend is scheduled to be paid on July 27, 2026. 

HCL Technologies Q1 Earnings Results 

For the quarter ended June 30, consolidated net profit stood at ₹4,624 crore, compared with ₹3,844 crore in the same period last year, an increase of 20.3%. Profit was also 3% higher than the ₹4,490 crore reported in the March quarter. 

Revenue from operations came in at ₹34,579 crore, up 13.9% from ₹30,349 crore a year earlier. On a sequential basis, revenue increased 1.8% from ₹33,981 crore.  

In constant currency terms, revenue grew 2.6% year-on-year but declined 0.5% from the previous quarter. 

Deal Pipeline and AI Business 

The company reported net new deal bookings of $2.407 billion during the quarter, the highest first-quarter bookings recorded by HCL Tech.  

Revenue from its Advanced AI business stood at $171 million, compared with the previous year, reflecting growth in AI-related engagements. 

HCL Tech also announced an investment of ₹3,500 crore to set up AI data centre infrastructure. The company said the facility can be expanded to a capacity of 50 MW over time. 

Margins and Workforce 

EBIT margin stood at 16.9% during the quarter after including restructuring costs of 62 basis points. The margin improved by 39 basis points over the March quarter and by 56 basis points compared with the year-ago period. 

The company's headcount declined by 3,292 employees during the quarter to 223,889. Attrition stood at 12.7%, while fresher hiring fell to 1,056 from 1,984 in the corresponding quarter of the previous year. 

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HCL Technologies Share Price Performance  

As of July 14, 2026, 1:48 pm, HCL Technologies share price was trading at ₹1,172.20, down 4.01% from the previous closing price. 

Conclusion 

HCL Tech reported higher profit and revenue for the June quarter while maintaining its FY27 guidance. The company also announced an interim dividend and plans to invest in AI data centre infrastructure. 

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