HCL Technologies has released its consolidated financial results for the year ended March 31, 2026. The company reported annual revenues of $14,664 million, representing solid growth compared to the previous fiscal year. Despite the impact of new labour code provisions on costs, HCL Technologies achieved an operating profit of $2,417 million and a profit for the year of $1,878 million, reflecting continued resilience across its global business segments.
Fiscal Year 2026 Financial Highlights
HCL Technologies has announced its consolidated financial performance for the fiscal year ending March 31, 2026. The company achieved total revenues of $14,664 million, compared to $13,840 million in the previous year. The annual performance was characterized by sustained demand for IT services, alongside the impact of one-time legislative adjustments.
Profitability and Operational Performance
The company reported an operating profit of $2,417 million for the year. Profit for the year stood at $1,878 million, with basic earnings per share recorded at $0.69. Financial results were impacted by a one-time charge associated with the New Labour Codes in India, which resulted in a $109 million increase in employee benefit expenses. Excluding this impact, the company maintained steady operational metrics across its key business segments.
Segment Breakdown
The group’s business segments continued to show robust performance:
- IT and Business Services remained the primary growth driver, contributing $10,829 million in revenue.
- Engineering and R&D Services generated $2,485 million in revenue.
- HCL Software reported revenues of $1,350 million.
Strategic Acquisitions and Future Outlook
During the fiscal year, HCL Technologies executed several strategic acquisitions to bolster its capabilities, including Wobby BV and Finergic Solutions Pte. Ltd. These additions are aligned with the company’s focus on GenAI adoption and wealth management transformation. Furthermore, the Board of Directors has declared an interim dividend of ₹24 per share, continuing the company’s long-standing commitment to shareholder returns.
Balance Sheet Strength
As of March 31, 2026, the company maintains a strong financial position with total assets of $12,261 million and total equity attributable to owners of the company at $7,928 million. The company remains well-capitalized to support its business continuity and future growth initiatives.
Source: BSE
