HCLTech Q4 Net Profit Misses Estimates; Announces Rs 24 Interim Dividend

HCLTech reported weaker-than-expected fourth-quarter earnings on April 21, 2026, as cautious client spending weighed on performance in a volatile geopolitical environment.

The IT services major posted a 4% year-on-year rise in consolidated net profit to Rs 4,488 crore for the quarter ended March 31, 2026.  Revenue growth also came in slightly below guidance, reflecting subdued discretionary spending across segments.

The company declared an interim dividend of Rs 24 per share (face value Rs 2). It set April 25, 2026, as the record date and May 5, 2026, as the payment date.

Performance Impacted By Demand Softness

HCLTech said it delivered 3.9% revenue growth in constant currency terms, marginally below its stated outlook. Operating margin stood at 17.2%, within guidance, but the company

acknowledged that performance was impacted by “softness in certain parts of the business,” particularly due to reduced discretionary spending.

The broader macroeconomic uncertainty and geopolitical headwinds have led enterprises to delay or scale down technology investments, a trend visible across the IT services sector.

FY27 Guidance Lowered

Reflecting ongoing caution, HCLTech revised its forward guidance. The company now expects revenue growth of 1% to 4% year-on-year in constant currency terms for FY27, compared to 4% to 4.5% guidance for FY26. EBIT margin is projected to remain in the 17.5% to 18.5% range.

The muted outlook signals continued pressure on deal pipelines and slower decision-making cycles among global clients.

Headcount Sees Modest Increase

Despite the slowdown, HCLTech reported a net addition of 802 employees in the March quarter, taking its total workforce to 2,27,181. The company added 1,712 freshers during the quarter, indicating a calibrated hiring approach.

This follows a net reduction of 261 employees in Q3FY26, suggesting ongoing workforce optimisation aligned with demand conditions.