HCL Tech Q3 Profit Dips Despite Revenue Rise

• Revenue up 6% to ₹33,872 cr, exceeding estimates.
• Net profit fell 3.8% to ₹4,076 cr due to labor code costs.
• EBIT rose 14.2% QoQ to ₹6,285 cr, with margins at 18.6%.

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.

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

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