HCL Technologies Ltd is positioned to deliver a steady performance in its upcoming quarterly results, with analysts expecting the IT services giant to navigate seasonal challenges through strategic growth initiatives.

Expected Financial Performance

India's third-largest IT services provider is anticipated to report modest revenue growth of approximately 3% for the October-December quarter (Q3FY26). Along with this revenue expansion, the company is expected to demonstrate margin improvement during the reporting period.

Key Growth Drivers

Two primary factors are expected to support HCL Technologies' performance during the quarter:

• Deal Momentum: Strong pipeline execution and contract wins are anticipated to contribute to revenue stability
• AI Traction: Artificial intelligence initiatives and related service offerings are expected to provide growth impetus

These strategic areas are projected to help cushion the impact of seasonal softness typically experienced during this period.

Market Position

As India's third-largest IT services provider, HCL Technologies continues to maintain its significant position in the domestic technology sector. The company's ability to leverage emerging technologies like artificial intelligence while maintaining strong client relationships positions it for sustained growth despite seasonal market variations.

The upcoming quarterly results will provide insights into how effectively the company has executed its strategic initiatives and managed operational efficiency during a traditionally challenging period.

Source: https://www.cnbctv18.com/market/earnings/hcltech-q3-earnings-preview-deal-momentum-ai-traction-to-cushion-seasonal-softness-ws-l-19817202.htm

HCL Technologies has granted Restricted Stock Units (RSUs) to eligible employees under two employee stock plans, following a decision by the company's Nomination and Remuneration Committee (NRC) on January 8, 2026. The grant involves a total of 25,260 RSUs distributed among 6 employees across the company and its subsidiaries.

RSU Grant Details

The RSU allocation was made under two distinct plans, with varying numbers of beneficiaries and grant sizes:

Each RSU entitles the holder to one fully paid-up equity share of ₹2.00 each upon vesting and exercise. The total RSUs represent 0.001% of the company's paid-up equity share capital as of the grant date.

Vesting Schedule and Timeline

The RSUs will vest over different periods depending on the plan, with staggered vesting dates to ensure employee retention:

RSU Plan 2021 Vesting:

RSU Plan 2024 Vesting:

Exercise Terms and Implementation

The RSU plans operate under specific terms designed to align employee interests with company performance:

• Exercise Period: Vested RSUs must be exercised within 6 months from the vesting date
• Exercise Price: ₹2.00 per RSU, equivalent to the par value of equity shares
• Implementation Mechanism: Both plans are implemented through a trust mechanism where the trust acquires shares from the secondary market

Importantly, no fresh shares will be issued by the company either to the trust or to employees under these RSU plans, ensuring no dilution of existing shareholders' holdings.

Regulatory Compliance and Cancellations

The RSU schemes comply with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. As part of the restructuring, the company cancelled 23,925 RSUs under the RSU Plan 2024 that were previously approved for grant but not yet allocated.

Since no new shares will be issued under these plans, there will be no dilution of earnings per share for existing shareholders. The trust-based implementation ensures that employee benefits are provided through market purchases rather than fresh equity issuance.