HCL Technologies is set to announce its December quarter earnings today, with analysts expecting a seasonally strong performance driven by its products and platforms business. The stock closed 0.9% higher on Friday at ₹1,661.40, though it has declined 16.69% over the past 12 months.

Financial Performance Expectations

Bloomberg consensus estimates point to robust sequential growth, with analysts forecasting mid-single-digit revenue increases and sharper operating profit growth. In constant-currency terms, quarter-on-quarter growth is expected in the 2.2%-3.4% range.

Segment-wise Growth Projections

Analysts expect services revenue to remain stable while the products and platforms business benefits from seasonal strength. Software seasonality is anticipated to drive favourable performance, though wage hikes and restructuring costs may temper some upside.

Deal Momentum and Strategic Focus

Deal wins are expected to cross the $2-2.5 billion mark, compared with $2.56 billion in the September quarter. Key areas of focus include:

• FY26 growth guidance revisions
• Artificial intelligence-led revenue opportunities
• Commentary on demand visibility for calendar year 2026
• Discretionary spending trends

Brokerage Expectations

Jefferies forecasts 2.9% quarter-on-quarter constant-currency growth, with EBIT margin expansion of around 60 basis points supported by a richer software mix, though offset by wage hikes and restructuring costs.

Investec expects 2.4% constant-currency growth and 2.3% growth in US dollar terms, with margins projected to improve by nearly 100 basis points due to software seasonality, partly offset by an estimated 80 basis point impact from wage hikes.

Nuvama forecasts similar growth rates with EBIT margin expansion of roughly 110 basis points, aided by favourable seasonality but partially offset by restructuring expenses and wage hikes.

Guidance and Outlook

Most brokerages expect HCLTech to maintain its margin guidance of 17%-18%, with potential upward tweaks to guidance following the seasonally strong software quarter. Investec anticipates the lower end of services revenue growth guidance to be raised to 4.5%-5% from the current 4%-5% range.

HCL Technologies is set to announce its third-quarter financial results for fiscal year 2026 on Monday, January 12, 2026. The multinational IT services and consulting company will hold a Board of Directors meeting to review unaudited financial results for the quarter and nine months ended December 31, 2025, as announced in an exchange filing on December 19.

Board Meeting and Dividend Consideration

The upcoming board meeting will address key business matters beyond financial result approval. Directors will consider the declaration of a fourth interim dividend for the financial year 2025-26, providing potential returns to shareholders. The financial performance review will offer insights into HCL Technologies' revenue, profits, and operational outlook for the October-December quarter.

Earnings Call and Investor Participation

Following the results declaration, HCL Technologies will conduct an earnings conference call at 7:30 PM on January 12. Senior company management will interact with shareholders and analysts to discuss Q3 FY26 results and share future outlook. Investors can participate through multiple dial-in options:

Trading Window Timeline

The company's trading window, closed since December 25, will reopen 48 hours after the Q3 FY26 financial results declaration on January 12. This timeline allows for proper information dissemination before resuming trading activities.

Q2 FY26 Financial Performance

HCL Technologies demonstrated solid revenue growth in the previous quarter, with key financial metrics showing mixed results:

Share Price Performance

HCL Technologies shares have shown varied performance across different timeframes. The stock gained 4.13% in the past five trading sessions and rose marginally by 0.27% over the past month. However, longer-term performance shows mixed trends:

HCL Technologies shares closed 0.94% higher at ₹1,662.10 on Friday, outperforming the benchmark Nifty 50, which declined 0.75%. The upcoming results announcement will provide crucial insights into the company's operational performance and strategic direction for stakeholders.