Conference Call with HCL Technologies Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company HCL Technologies announced Q4FY26 & FY26 results Q4FY26 Financial Highlights: INR Revenue of Rs 33,981 crore, up 0.3% QoQ & up 12.3% YoY. HCLTech Services CC Revenue down 0.1% QoQ & up 4.2% YoY. Advanced AI Revenue at USD 155 million, up 6.1% QoQ CC. HCLSoftware CC Revenue down 14.1% YoY. HCLSoftware ARR at USD 1.05 billion, down 0.5% YoY CC INR EBIT at Rs 5,620 crore (16.5% of revenue), down 10.6% QoQ & up 3.3% YoY. EBIT Margin excl. restructuring at 17.7% NI at Rs 4,488 crore (13.2% of revenue), down 6.4% QoQ & up 4.2% YoY. NI Margin excl. restructuring at 14.2%. Dividend of Rs 24/- per share, 93rd consecutive quarter of dividend pay-out. Bookings: TCV (New Deal wins) at USD 1,936 million. People: Total People Count at 227,181; Net addition: 802. Added 1,712 freshers. LTM Attrition at 12.5%, (down from 13.0% in Q4 of last year) FY26 Financial Highlights: INR Revenue of Rs 130,144 crore, up 11.2%. HCLTech Services CC Revenue up 4.8%. Annualized Advanced AI Revenue at USD 620 million. HCLSoftware CC Revenue down 4.1%. HCLSoftware ARR at USD 1.05 billion, down 0.5% CC INR EBIT at Rs 22,397 crore (17.2% of revenue), up 4.6%. EBIT Margin excl. restructuring at 17.9%. NI at Rs 17,361 crore (13.3% of revenue), down 0.2%. NI Margin excl. restructuring at 13.8%. EPS (Diluted) at Rs 64.01, down 0.1% Bookings: TCV (New Deal wins) at USD 9,323 million. People: Total People Count at 227,181; Net addition of 3,761. Added 11,744 freshers. LTM Attrition at 12.5% (down from 13.0% in Q4 of last year). Roshni Nadar Malhotra Chairperson, HCLTech, said: “As the global economy pivots to the AI era, we are evolving our all-weather portfolio and empowering our people so that we are nimble in adapting to fast-changing technology cycles and create value for our stakeholders. We continue to invest in creating AI propositions that are well-positioned to leverage emerging long-term growth opportunities.” C Vijayakumar, CEO & Managing Director, HCLTech, said: “HCLTech delivered superior revenue growth of 3.9% in constant currency, 10 bps below our guidance and 17.2% operating margin within our guidance, in a year marked by an uncertain demand environment. During the quarter, our performance came below our expectations due to softness in certain parts of our business due to lower discretionary spend and delayed decision making. Our new AI-led service offerings are getting traction in the market and is reflected in annualized Advanced AI revenues crossing USD 620 million in Q4. Our #1 priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi-decade value creation.” Shiv Walia, Chief Financial Officer, HCLTech, said: “HCLTech delivered resilient FY26 results with revenues at Rs 130,144 crore, up 11.2% YoY, and EBIT at Rs 22,397 crore (17.2% of revenue), up 4.6% YoY. Net Income for the year came in at Rs 17,361 crore (13.3% of revenue), translating to an EPS of Rs 64.01. Excluding the impact of restructuring costs, EBIT and Net Margin came in at 17.9%, and 13.8%, respectively. Our Board is pleased to declare Rs 24/share as the Dividend for the quarter, bringing the total to Rs 60/share for FY26, which is 97.6% of the EPS. We continue to expand ROIC, with the Company’s ROIC up 235 bps YoY at 40.3% and Services’ ROIC up 155 bps YoY at 47.0%. Our cash generation remains robust with OCF/NI at 115% and FCF/NI at 107%.” Result PDF