HCLTech Q3 Results: Net Profit Declines 11% to ₹4,076 Crore, Announces ₹12 Interim Dividend
HCL Technologies reported Q3 FY26 results showing an 11% decline in net profit to ₹4,076 crore despite 13.3% revenue growth to ₹33,872 crore. The results missed analyst profit estimates but exceeded revenue projections. The company declared a ₹12 interim dividend with record date January 16 and payment on January 27. HCLTech shares gained 0.34% ahead of results but remain down over 16% annually.

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HCL Technologies announced its Q3 FY26 financial results on January 12, reporting a mixed performance with revenue growth offset by declining profitability. The IT services major's consolidated net profit fell 11% year-on-year to ₹4,076 crore for the quarter ending December 31, while revenue showed strong growth of 13.3% to ₹33,872 crore.
Financial Performance Analysis
The company's Q3 results presented a contrasting picture of revenue expansion alongside profit contraction. The following table summarizes the key financial metrics:
| Metric: | Q3 FY26 | Analyst Estimate | Variance |
|---|---|---|---|
| Net Profit: | ₹4,076 crore | ₹4,747 crore | -14.1% |
| Revenue: | ₹33,872 crore | ₹33,360 crore | +1.5% |
| Revenue Growth (YoY): | +13.3% | - | - |
| Profit Decline (YoY): | -11.0% | - | - |
The results fell short of market expectations, with net profit coming in significantly below the CNBC-TV18 poll estimate of ₹4,747 crore. However, revenue marginally exceeded analyst projections of ₹33,360 crore.
Dividend Declaration
Alongside the quarterly results, HCL Technologies announced an interim dividend of ₹12 per equity share for FY26. The dividend distribution timeline is structured as follows:
| Parameter: | Details |
|---|---|
| Dividend Amount: | ₹12 per equity share |
| Record Date: | January 16 |
| Payment Date: | January 27 |
| Dividend Type: | Interim for FY26 |
Shareholders who hold shares as of the record date of January 16 will be eligible to receive the dividend, which will be paid on January 27.
Market Performance
HCLTech shares demonstrated resilience ahead of the results announcement, gaining 0.34% to close at ₹1,667 on NSE. However, the stock has faced headwinds over the longer term, declining more than 16% in the past year. The company currently maintains a market capitalisation of ₹4.51 lakh crore.
Key Takeaways
The Q3 FY26 results highlight several important aspects of HCL Technologies' current business trajectory:
- Strong revenue momentum with 13.3% year-on-year growth
- Profitability challenges reflected in 11% net profit decline
- Revenue performance exceeded analyst expectations despite profit shortfall
- Continued commitment to shareholder returns through interim dividend declaration
- Stock performance remains under pressure with significant annual decline
The mixed results underscore the complex operating environment facing the IT services sector, where companies are achieving revenue growth while managing margin pressures that impact overall profitability.
Historical Stock Returns for HCL Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.37% | +1.67% | +0.60% | -0.38% | -13.81% | +58.05% |















































