HCL Technologies announced its third quarter financial results for FY 2026, demonstrating steady growth across key performance indicators. The Noida-headquartered IT services company delivered positive results that reflect continued business momentum in the technology sector.

Financial Performance Overview

The company's financial metrics for Q3 FY26 showed consistent improvement across major parameters:

Revenue Growth Momentum

HCL Technologies recorded revenue of ₹33,872.00 crore in the third quarter, representing a 6% increase on a quarter-on-quarter basis. This growth trajectory indicates the company's ability to maintain business expansion and client engagement in the competitive IT services landscape.

Profitability Metrics

The company's profit after tax reached ₹4,076.00 crore, showing a 3% growth compared to the previous period. This profitability improvement demonstrates HCL Technologies' operational efficiency and effective cost management strategies during the quarter.

Company Operations

HCL Technologies continues to operate from its headquarters in Noida, maintaining its position as a significant player in the Indian IT services industry. The Q3 FY26 results reflect the company's ongoing efforts to deliver value to stakeholders while navigating the evolving technology services market.

HCL Technologies reported mixed financial results for the third quarter of the current financial year, with net profit declining sequentially due to one-time impact from new labour codes, while revenue demonstrated solid growth momentum.

Financial Performance Overview

The IT services giant posted consolidated net profit of ₹4,082.00 crore in the December quarter, marking a sequential decline from the preceding quarter's performance. The company attributed this decline primarily to one-time impact arising from new labour code implementations.

Revenue Growth Momentum

Despite the profit decline, HCL Technologies demonstrated robust revenue performance with a 6% quarter-on-quarter growth. The company's revenue increased to ₹33,872.00 crore in the December quarter, compared to ₹31,942.00 crore in the preceding quarter, indicating strong business momentum and client demand.

Analyst Expectations vs. Actual Results

The quarterly results fell short of market expectations, with analysts having projected stronger performance across key metrics.

Bloomberg consensus estimates had projected net profit growth of 11% to ₹4,702.00 crore, significantly higher than the actual reported figure.

Dividend Declaration

In a positive development for shareholders, the board declared an interim dividend of ₹12.00 per equity share. The company has established clear timelines for dividend distribution, with the record date set for January 16 and payment scheduled for January 27.

Impact of Labour Code Changes

The sequential decline in net profit was primarily attributed to one-time impact from new labour codes. This regulatory change affected the company's bottom line performance during the quarter, despite strong operational revenue growth indicating healthy underlying business fundamentals.