HCL Technologies delivered a mixed performance in its third quarter, showcasing revenue growth while experiencing a decline in net profitability. The IT services major reported results that exceeded revenue expectations but fell short on bottom-line performance, reflecting the challenging operating environment in the technology sector.

Financial Performance Overview

The company's quarterly financial metrics present a contrasting picture of operational performance:

Revenue Growth and Operational Metrics

HCL Technologies demonstrated solid revenue momentum with quarterly revenue reaching ₹3,387.40 crores, marking an increase from ₹3,194.20 crores in the previous quarter. This performance exceeded analyst estimates of ₹3,336.00 crores, indicating stronger-than-expected demand for the company's services.

The company's constant currency revenue growth of 4.80% year-on-year positioned it well within its revenue guidance range of 3-5%. This performance demonstrates the company's ability to maintain growth momentum despite market headwinds.

Services Revenue Performance

The services segment showed particularly strong performance with constant currency revenue growth of 5.00% year-on-year. This growth rate aligns with the upper end of the company's full-year services revenue growth guidance of 4-5%, suggesting robust execution in core service offerings.

Profitability and Margin Analysis

While revenue performance was encouraging, profitability metrics presented a mixed picture. Net profit declined to ₹407.60 crores from ₹423.50 crores quarter-on-quarter, representing a decrease that significantly missed analyst expectations of ₹474.70 crores.

However, operational efficiency showed improvement with EBIT rising to ₹628.50 crores from ₹550.20 crores in the previous quarter. The EBIT margin expanded to 18.56% from 17.22%, surpassing analyst estimates of 18.30% and demonstrating effective cost management initiatives.

Growth Trajectory Assessment

The company's performance against its guidance metrics indicates steady progress in revenue generation. With constant currency revenue growth of 4.80% year-on-year falling within the 3-5% guidance range, HCL Technologies appears to be executing its growth strategy effectively while navigating market challenges.

HCL Technologies Limited has announced a revision to the record date for its interim dividend, shifting it from January 16, 2026 to January 17, 2026. The change was necessitated by a trading holiday declared for Municipal Corporation Elections in Maharashtra.

Dividend Declaration and Initial Timeline

The Board of Directors of HCL Technologies declared an interim dividend during their meeting held on January 12, 2026. Initially, the company had set January 16, 2026 as the record date for determining eligible shareholders for the dividend distribution.

Record Date Adjustment Details

The revision became necessary after stock exchanges intimated the company about the need to shift the record date due to a trading holiday on January 15, 2026. The holiday was announced in connection with Municipal Corporation Elections in Maharashtra, prompting the one-day adjustment to the record date.

Payment Schedule Remains Unchanged

Despite the record date modification, HCL Technologies confirmed that the dividend payment date of January 27, 2026 will remain unchanged. This ensures that eligible shareholders will receive their dividend payments as per the originally announced timeline.

Regulatory Communication

Company Secretary Manish Anand communicated the change to both BSE Limited and National Stock Exchange of India Limited through official correspondence dated January 12, 2026. The communication was made under Regulation 42, ensuring compliance with regulatory requirements for dividend-related announcements.

Impact on Shareholders

Shareholders who hold HCL Technologies shares as of the close of business on January 17, 2026 will be eligible to receive the interim dividend. The one-day shift in the record date provides clarity for investors and ensures proper settlement procedures following the trading holiday.