HCLTech Q3 results: Revenue up 6% QoQ, FY26 growth guidance raised

HCL Technologies Ltd posted its Q3 FY26 results after market hours on Monday, January 12. The company recorded revenue of ₹33,872 crore, a 6% sequential increase, slightly above CNBC-TV18’s poll estimate of ₹33,360 crore.

Net profit declined 3.8% quarter-on-quarter to ₹4,076 crore, below the polled figure of ₹4,747 crore. The fall was primarily driven by a one-time cost of ₹956 crore related to new labour code provisions introduced during the quarter.

The company’s EBIT stood at ₹6,285 crore, surpassing

the poll estimate of ₹6,090 crore, while margins improved to 18.6% from 17.2% in Q2. On a QoQ basis, EBIT grew 14.2%, highlighting operational resilience despite regulatory headwinds.

HCLTech has revised its FY26 guidance for constant currency (CC) revenue growth. The company now expects CC revenue to grow 4–4.5%, narrowing the earlier 3–5% range, signalling a more focused outlook for the year.

Margins are expected to remain steady, with guidance maintained at 17–18%. For its services business specifically, HCLTech has raised the CC revenue growth guidance to 4.75–5.25% from the previous 4–5% range, indicating robust demand across key service lines.

The company reported that its Q3 EBIT margin included an 81 basis points impact from restructuring costs, highlighting the effect of strategic adjustments on profitability for the quarter.

The company’s constant currency (CC) revenue rose 4.1% QoQ, surpassing the CNBC-TV18 poll estimate of 2.9%, while dollar revenue also grew 4.1% QoQ, above the polled 2.7%, reflecting resilient demand across global markets.

HCLTech declared an interim dividend of ₹12 per share.

Also Read: TCS Q3 Results: One-time labor code cost impacts net profit, margins meet estimates

Shares closed at ₹1,667 on NSE ahead of the results, up 0.34%.