HCL Technologies has released its audited consolidated and standalone financial results for Q4FY26 and the full year ended March 31, 2026. The Board of Directors approved the financial results and declared an interim dividend of ₹24 per equity share for FY27, with a record date of April 25, 2026, and payment date of May 5, 2026.

Q4FY26 Quarterly Performance

The fourth quarter demonstrated steady revenue growth on a year-over-year basis while facing sequential challenges across key financial metrics, particularly in operational efficiency measures.

Annual FY26 Financial Performance

The company delivered solid annual performance with revenue growth across multiple segments while maintaining strong operational metrics despite margin pressures.

Exceptional Items Impact

The company's results were significantly affected by two major exceptional items during FY26. The New Labour Codes implementation resulted in a one-time increase in employee benefit provisions of ₹956 crores for the group, recognized in Q3FY26. Additionally, a material Bilateral Advance Pricing Agreement (BAPA) with a foreign tax authority created a ₹5,733 crores exceptional charge in Q4FY26 standalone results.

Segment-wise Revenue Performance

The company's diversified business model continued to drive growth across multiple segments, with IT and Business Services maintaining its position as the largest revenue contributor.

Advanced AI and Strategic Highlights

The company achieved significant milestones in its AI journey and maintained strong operational metrics throughout the year.

FY27 Guidance and Dividend Declaration

The company provided guidance for FY27 reflecting cautious optimism about market conditions and declared an interim dividend for FY27.

Balance Sheet Strength and Cash Flow

HCL Technologies maintained robust financial position with strong cash generation capabilities and healthy balance sheet metrics.

The results demonstrate HCL Technologies' resilience in navigating regulatory changes and tax complexities while positioning for future growth through strategic investments in AI and digital transformation capabilities.

HCL Technologies has announced the appointment of Ms. Kimsuka Narsimhan as an Independent Director on its Board for a five-year term starting April 20, 2026. The appointment was approved by the Board of Directors in its meeting held on April 20, 2026, following a recommendation from the Nomination and Remuneration Committee.

Appointment Details

The company has informed that the approval of shareholders for her appointment as an Independent Director will be taken through postal ballot in due course. Ms. Narsimhan is not debarred from holding office as Director by any order of SEBI, Ministry of Corporate Affairs or any statutory authority.

Professional Background

Ms. Kimsuka Narsimhan brings over 35 years of extensive experience in the consumer goods industry. A Chartered and Cost Accountant by qualification, she has held senior leadership roles across Finance, Risk Management, Strategy, and Business Transformation with leading global organizations.

Her career highlights include:

• CFO – Asia Pacific at Kimberly-Clark
• CFO – India Region at PepsiCo
• Global and India leadership roles at Unilever

She has worked across multiple geographies, including Europe, the Middle East & Africa, India, and Southeast Asia.

Board Experience

On the non-executive front, Ms. Narsimhan has over a decade of experience as Director on the Boards of prominent organizations:

• Bharti Airtel
• Meesho
• Akzo Nobel
• Astra Zeneca

She has also served as a member/Chair of Board Committees including Audit, Nomination & Remuneration, ESG and Risk Committees. Additionally, she is a Board Member of the SIM People Development Fund (SIMPDF).

Committee Reconstitution

Following her appointment, the Board of Directors has reconstituted the Audit Committee and the Risk Management Committee of the company by co-opting Ms. Kimsuka Narsimhan as a member of both these committees.

Leadership Comments

Commenting on the appointment, Roshni Nadar Malhotra, Chairperson, HCLTech said, "We are pleased to have Kimsuka as part of the Board as HCLTech pivots to a phase of growth led by new technologies such as AI. Her rich global experience will be of immense value to our growth strategy and corporate governance, and I look forward to working with her".

Ms. Kimsuka Narsimhan added, "HCLTech has been a key pillar of India's global leadership in technology services. I am delighted to join this exciting journey and look forward to working with the Board".

The appointment further strengthens the diversity ratio of the HCLTech Board to over 54%. The Board meeting commenced at 10:00 A.M. (IST) and adjourned at 7:45 P.M. (IST) on April 20, 2026.