HCL Tech Q1 results: HCL Technologies on Monday, 13 July, reported a 20.34% year-on-year (YoY) rise in its consolidated net profit to ₹4,626 crore for the April-June quarter of the current financial year (Q1FY27). In the same quarter last year, the company’s profit was ₹3,844 crore.
Sequentially, or quarter-on-quarter (QoQ), HCL Tech’s profit increased by 3% from ₹4,490 crore in Q4FY26.
Revenue from operations for the June quarter increased by 14% YoY and 1.8% QoQ to ₹34,579 crore. In Q4FY26, the IT company’s revenue was ₹33,981 crore, and in Q1FY26, it was ₹30,349 crore.
Total comprehensive income for the quarter, attributable to owners of the company, stood at ₹4,689 crore, down 13.2% QoQ and 7.2% YoY. In Q4FY26, HCL Tech’s total comprehensive income was ₹5,402 crore, and in Q1FY26, it was ₹5,055 crore.
HCL Tech Q1FY27 results: Key takeaways
1. The key numbers
In constant currency (CC), HCL Tech’s Q1 revenue saw a nominal 0.5% QoQ and 2.6% YoY rise.
EBIT margin, including the impact of restructuring cost of 62 basis points (bps), climbed 39 bps QoQ and 56 bps YoY to 16.9%.
2. Performance of key segments, verticals, geographies
The IT and business services segment, which accounts for 75.1% of total revenue, rose by 4.2% YoY in CC, with EBIT for the segment at 17%.
Engineering and R&D contributed 16.4% of the revenue and witnessed 0.3% YoY rise in CC. HCL Software, with 8.5% revenue mix, declined 5.3% YoY in CC.
Among the verticals, financial services had the highest revenue mixat 22.1%. This segment saw a 5.3% YoY rise in revenue in CC.
Revenue from manufacturing (18.7% revenue mix) increased by 3.7%, from technology and services (14.4% revenue mix) grew by 7.3%, from lifesciences and healthcare (14% revenue mix) saw a nominal increase of 0.4%, from retail and CPG (10.3% revenue mix) jumped 10.1%, and from public services, which includes energy and utilities, transport, logistics and government (9.3% revenue mix) increased 12% YoY in CC.
Revenue from telecommunications, media, publishing and entertainment (11.2% revenue mix) decreased by 10.9% YoY in CC.
(This is a developing story. Please check back for fresh updates.)
