HCL Technologies has announced its consolidated financial results for the fiscal year ending 31 March 2026, reporting a profit of $1,878 million. This figure marks a decrease from the previous year’s profit of $2,042 million, reflecting a challenging year for the company.
The company’s revenue for the year stood at $14,664 million, an increase from the $13,840 million reported in the previous year. Despite the rise in revenue, the company faced increased expenses, including a one-time impact of the New Labour Codes, which affected the cost of revenues, research and development expenses, and selling, general and administrative expenses.
The total cost of revenues for the year reached $9,763 million, up from $9,005 million in the previous year. Research and development expenses also saw an increase, totalling $227 million compared to $196 million last year. Selling, general and administrative expenses rose to $1,766 million from $1,625 million in the prior year.
Operating profit for the year was $2,417 million, down from $2,531 million in the previous fiscal year. The company reported other income (expenses), net, of $173 million, a decrease from $280 million last year. Finance costs increased to $98 million from $76 million.
HCL Technologies’ income tax expense for the year was $614 million, compared to $693 million in the previous year. Earnings per equity share were reported at $0.69 basic and diluted, compared to $0.75 basic and diluted in the previous year.
The balance sheet revealed total assets of $12,261 million, slightly down from $12,348 million in the previous year. Total equity attributable to the owners of the company was $7,928 million, a decrease from $8,148 million.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).