HCLTech Share Price in Focus; Revenue Rises 13.3% YoY in Q3 FY26 Results

HCL Technologies Limited (HCLTech) announced its financial results for the quarter and nine months ended December 31, 2025, delivering steady growth across revenue, profitability, and bookings despite a mixed global demand environment.

Revenue Growth Across Segments

For Q3 FY26, HCL Technologies reported revenue of ₹33,872 crore, registering a 6.0% quarter-on-quarter and 13.3% year-on-year increase. In constant currency terms, revenue grew 4.2% QoQ and 4.8% YoY. Revenue in US dollar terms stood at $3,793 million, reflecting a 4.1% sequential rise and 7.4% growth compared to last year.

HCLTech’s services business continued to expand steadily, with services revenue growing 1.8% QoQ and 5.0% YoY in constant currency. Digital services remained a key growth driver, rising 17.7% YoY and accounting for 43.2% of total services revenue. 

Advanced AI revenue reached $146 million, up 19.9% QoQ in constant currency, highlighting rising enterprise adoption of AI-led solutions. HCLSoftware revenue grew 3.1% YoY in constant currency, with annual recurring revenue standing at $1.07 billion.

Profitability And Return Metrics

HCL Technologies reported EBIT of ₹6,285 crore, representing 18.6% of revenue, with growth of 13.2% QoQ and 8.0% YoY. 

The EBIT margin for Q3 FY26 included an impact of 81 basis points due to restructuring costs. Net income for the quarter stood at ₹4,795 crore, accounting for 14.2% of revenue, and increased 13.2% sequentially and 4.5% YoY.

Return on invested capital remained strong at 39.4% on a trailing twelve-month basis, improving 277 basis points YoY. The services business delivered ROIC of 45.9%. Free cash flow conversion remained healthy at 120% of net income. The company declared a dividend of ₹12 per share, marking its 92nd consecutive quarter of dividend payout.

Deal Wins And Order Pipeline

HCL Technologies reported robust deal momentum, with total contract value of new deal wins at $3,006 million. This marked a 17.0% QoQ and 43.5% YoY increase, indicating strong client demand and a resilient order pipeline.

FY26 Outlook And Guidance

For FY26, HCL Technologies maintained its guidance, expecting company revenue growth of 4.0% to 4.5% YoY in constant currency. Services revenue growth is projected between 4.75% and 5.25% YoY, while EBIT margin is expected to remain in the range of 17.0% to 18.0%.

HCLTech Share Price Performance

On January 13, 2026, HCLTech share price (NSE: HCLTECH) opened at ₹1,685.00, up from its previous close of ₹1,667.60. At 9:51 AM, the share price of HCLTech was trading at ₹1,634.00, down by 2.01% on the NSE.

Also Read: Top Debt‑Free Stocks in January 2026!

Conclusion

HCL Technologies delivered a resilient Q3 FY26 performance with consistent revenue growth, strong deal wins, and disciplined cost management. Continued momentum in digital, AI, and services, supported by a robust order book and stable margins, positions the company well to achieve its FY26 growth targets despite global macroeconomic uncertainties.

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