Overview of HCLTech Q1 FY26 Outlook
HCL Technologies is set to announce its Q1 FY26 results on July 14, 2025, post-market hours. The company, headquartered in Noida with over 220,000 employees and a presence in 60+ countries, is being closely watched for its performance amid global IT slowdown and tariff uncertainties 0.
Revenue & Profit Expectations
Analysts expect a slight sequential dip in Q1 revenue (–0.02% QoQ) to ₹30,240 crore and a 3.76% drop in net profit to ₹4,145 crore 1. Yet, HCLTech’s FY25 performance—6.5% constant currency growth and 18.3% EBIT margin—provides a strong backdrop 2.
Performance in Q1 FY25 vs FY24
In Q1 FY25, HCLTech posted ₹28,057 crore revenue (up ~6.7% YoY) and ₹4,257 crore net profit (+20.4% YoY) 3. FX-adjusted revenue rose 5.6%, and EBIT margin held at around 17.1% 4.
Bookings & AI Milestones
Bookings for Q1 FY25 reached $1.96 billion TCV, driven heavily by AI-driven contracts 5. Recent initiatives include HCLTech AI Force and Enterprise AI Foundry to scale GenAI usage 6. HCLSoftware growth also continues, with 3.5% CC increase and ARR crossing $1.01 billion 7.
Market Reaction & Stock Movement
On July 11, 2025, HCLTech shares declined ~1.6% to ₹1,637, slightly outperforming sector peers amid market-wide weakness 8.
Key Analysts’ Views
Brokerages like Kotak, ICICI, and Motilal Oswal anticipate YoY growth to remain solid but may show QoQ softness. They expect growth in BFSI and energy sectors while manufacturing faces headwinds 9.
Trivia & Quick Facts
- HCLTech was founded in 1976 by Shiv Nadar; CEO is C Vijayakumar 10.
- Headcount: ~227,000 globally as of March 2024 11.
- FY25 guidance maintained: 3–5% CC growth, 18–19% EBIT margins 12.
- New AI labs opened in New Jersey and Texas for enterprise innovation 13.
- Only ~0.4% sequential gain in HCLSoftware CC in Q1 FY25 14.
Conclusion
HCLTech’s Q1 FY26 results will test its resilience amid softening IT budgets and macroeconomic pressures. Investors will focus on margin sustainability, AI deal traction, and guidance clarity.
Source: The Week