HCL Technologies Ltd shares surged nearly 6% on April 23 to ₹1,567 on the NSE, gaining ₹87.10 from the previous close of ₹1,479.90 after the company posted a steady Q4 performance and upbeat guidance for FY26.
The company’s revenue for Q4 FY25 stood at ₹30,246 crore, reflecting a 1.2% sequential growth and a 6.1% increase YoY. In constant currency (CC) terms, revenue was down 0.8% QoQ but rose 2.9% YoY. USD revenue came in at $3,498 million, down 1% QoQ and up 2% YoY. HCL’s digital segment grew 12.6% YoY, contributing 40.7% of overall services revenue.
EBIT for the quarter stood at ₹5,442 crore, down 6.5% QoQ but up 8.4% YoY, with an EBIT margin of 18.0%. Net profit was ₹4,307 crore, rising 8.1% YoY despite a 6.2% sequential drop. HCL’s Free Cash Flow (FCF) was $2,501 million, while Operating Cash Flow (OCF) reached $2,632 million.
The board announced a final dividend of ₹18 per share, marking the 89th consecutive quarter of dividend payout.
Full-Year FY25 Highlights
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Total revenue: ₹1,17,055 crore (up 6.5% YoY)
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Constant currency growth: 4.7%
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USD revenue: $13.84 billion (up 4.3%)
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EBIT: ₹21,420 crore (EBIT margin: 18.3%)
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Net profit: ₹17,390 crore (up 10.8%)
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EPS: ₹64.09
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Total dividend: ₹60 per share (93.5% payout ratio)
FY26 Guidance
HCLTech expects FY26 constant currency revenue growth to be in the 2.0%–5.0% range, with services revenue and EBIT margin projected to lie between 18.0% and 19.0%.
Leadership Comments
Chairperson Roshni Nadar Malhotra remarked that the company delivered “another year of robust growth with its future-ready portfolio,” while CEO C Vijayakumar highlighted strong execution, AI-driven bookings worth $3 billion, and resilience amid global uncertainties.
At the time of reporting, HCLTech’s market cap stands at ₹4.25 trillion, with a P/E ratio of 24.92 and dividend yield at 3.44%.
