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As of 2026-08-25
In the quarter ending June 2026 (Q1 FY2025-26), HCL Technologies reported Revenue from Operations of ₹30,349 crore, with a Net Profit Margin of 13.37%. For the full fiscal year 2026 (ending March 2026), the company's Net Profit was ₹17,399 crore on Sales of ₹117,055 crore. The Compounded Profit Growth over the last 3 years was 6%, and over 5 years was 9%.
Between March 2019 and March 2024, Borrowings fluctuated, decreasing from ₹4,195 crore to ₹4,794 crore, then increasing to ₹5,756 crore by March 2024. Over the same period, Fixed Assets decreased from ₹22,888 crore to ₹35,063 crore. Total Assets grew from ₹58,349 crore in March 2019 to ₹99,006 crore in March 2024.
As of August 24, 2026, the stock is in a weak downtrend on a daily basis, with the price below the 20-day Simple Moving Average (SMA). However, on a weekly timeframe, it shows a weak uptrend, with the price above the 20-day SMA. The stock has experienced an unusual downward price movement of 2.85 standard deviations on August 17, 2026. Key support levels are identified around ₹1182.38 and ₹1149.1, while resistance is noted near ₹1481.74.
On August 17, 2026, Meshach Samuel Pradeepraj Moses sold 2,691 equity shares for INR 3,588,449. Additionally, on August 14, 2026, the HCL Technologies Stock Options Trust transferred 8,891 shares to RSU holders under the company's Restricted Stock Unit Plan.
From March 2019 to March 2024, the shareholding by Domestic Institutional Investors (DIIs) increased from 7.67% to 14.95%, while Foreign Institutional Investors (FIIs) decreased from 28.74% to 19.65%. Promoter holding remained relatively stable, around 60.82% in March 2024.
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Downward price movement of 2.85 standard deviations recorded on 2026-08-17.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹34,579 crore | ₹33,981 crore | ₹33,872 crore | ₹31,942 crore | ₹30,349 crore |
| Profit Before Exceptional Items And Tax | ₹6,108 crore | ₹5,702 crore | PEAK₹6,465 crore | ₹5,702 crore | ₹5,189 crore |
| Profit Before Tax | PEAK₹6,108 crore | ₹5,702 crore | ₹5,509 crore | ₹5,702 crore | ₹5,189 crore |
| Profit Loss For Period | PEAK₹4,626 crore | ₹4,490 crore | ₹4,082 crore | ₹4,236 crore | ₹3,844 crore |
| Finance Costs | ₹84 crore | PEAK₹240 crore | ₹205 crore | ₹215 crore | ₹209 crore |
| Tax Expense | PEAK₹1,482 crore | ₹1,212 crore | ₹1,427 crore | ₹1,466 crore | ₹1,345 crore |
HCLTech reported a 1.8% sequential increase in revenue to ₹34,579 crore for the first quarter of FY2026-27. Profit before tax grew 7.1% sequentially, aided by a 65% decline in finance costs. Net profit rose 3% quarter-on-quarter and 20% year-on-year. Comprehensive income, however, declined as other comprehensive income narrowed sharply.
Revenue from operations increased 1.76% quarter-on-quarter to ₹34,579 crore, up from ₹33,981 crore in the previous quarter. This sequential growth rate improved from the 0.32% recorded in the prior quarter but remained below the 5–6% rates seen in the first three quarters of the previous fiscal year. On a year-on-year basis, revenue grew 13.94% from ₹30,349 crore in the same quarter last year.
Profit before tax (PBT) rose 7.12% sequentially to ₹6,108 crore, outpacing revenue growth. A key contributor was a 65% sequential decline in finance costs, which fell from ₹240 crore to ₹84 crore, adding ₹156 crore to pre-tax profit. Year-on-year, PBT increased 17.71% from ₹5,189 crore.
Tax expense increased 22.28% sequentially to ₹1,482 crore, partially offsetting the pre-tax gain. As a result, net profit (profit for the period) grew 3.03% quarter-on-quarter to ₹4,626 crore and 20.34% year-on-year.
The effective tax rate (tax expense divided by PBT) was 24.26% in Q1, up from 21.26% in the previous quarter but down from 25.92% a year ago. The sequential increase in the tax rate moderated net profit growth relative to PBT growth.
Comprehensive income fell 13.23% sequentially to ₹4,691 crore, even though net profit rose. This divergence was due to a sharp reduction in other comprehensive income (OCI), which dropped from ₹916 crore in the previous quarter to ₹65 crore in Q1. Year-on-year, comprehensive income declined 7.24% from ₹5,057 crore.
Basic earnings per share (EPS) from continuing and discontinued operations increased to ₹17.09, up 3.01% sequentially and 20.52% year-on-year. Paid-up equity share capital remained unchanged at ₹543 crore, indicating a stable share count.
HCLTech delivered another quarter of revenue growth, with profit growth supported by a significant drop in finance costs. The sequential revenue growth rate improved from the prior quarter but remains modest compared to earlier periods. The divergence between rising net profit and falling comprehensive income highlights the impact of non-operating items.
Exchange disclosures and regulatory announcements for HCL Technologies.
On August 17, 2026, Meshach Samuel Pradeepraj Moses sold 2,691 equity shares of HCL Technologies Limited on the NSE for INR 3,588,449, reducing his holding to zero. Concurrently, on August 14, 2026, the HCL Technologies Stock Options Trust transferred 8,891 shares to RSU holders under the company's Restricted Stock Unit Plan at an exercise price of INR 2 per share, resulting in a post-transaction holding of 7,713,906 shares.
On August 17, 2026, HCL Technologies Limited filed disclosures under Regulation 7(2) regarding changes in shareholding for designated persons and the HCL Technologies Stock Options Trust. Several individuals, including Srinivasan Aravamudhan, Krishnamurthy V G, Gaurav Khosla, and Srivathsa G, acquired a total of 10,985 shares through the exercise of Restricted Stock Units at an exercise price of Rs. 2 per share, with transfers occurring on July 24 and August 13, 2026. Concurrently, Sachin Bhatnagar sold 800 shares via market sale on NSE on August 12, 2026, while the Trust itself transferred 20,268 shares to RSU holders, reducing its holding from 7,743,065 to 7,722,797 shares.
On August 17, 2026, HCL Technologies Ltd. released the Telecom Pulse Survey Report in partnership with Mobile World Live, revealing that while 60% of telecom leaders view AI as a key revenue driver, only 25% feel ready to scale AI-native services. The survey of nearly 200 senior executives highlighted persistent challenges including legacy infrastructure and skills gaps, alongside a trend where nearly 80% of respondents launched fewer than five new digital products in the past year. Anil Ganjoo, Chief Growth Officer at HCLTech, emphasized the industry's need to shift from connectivity-focused models to AI-driven TechCos to sustain growth.
HCLTech expanded its collaboration with NetApp on August 13, 2026, to offer a hybrid cloud storage-as-a-service (STaaS) solution integrating HCLTech's U4X framework with NetApp Keystone's pay-as-you-go model, aimed at scaling enterprise AI and data-driven workloads. The solution supports AI and GenAI applications via HCLTech's AI Factory suite, enabling on-demand scaling of storage and performance while improving data readiness and governance. The announcement cites proven deployments, including a global food and beverage company that reduced upfront investments and a European telecom provider that improved scalability and compliance.
On August 12, 2026, HCL Technologies Ltd. was recognized as a Leader in the Gartner Magic Quadrant for Public Cloud Optimization and Transformation Services (PCOTS) 2026, marking its fifth consecutive year in this position since 2021. The company highlighted its continued advancement in cloud capabilities through automation and industry-focused models to support enterprise transformation. This announcement coincides with consolidated revenues of $14.8 billion for the 12 months ending June 2026.
HCL Technologies Limited held its 34th Annual General Meeting on August 12, 2026, where shareholders approved the adoption of audited financial statements for FY26 and the appointment of Mr. Jacob Christian Dahl as an Independent Director via Special Resolution. The meeting also resulted in the re-appointment of Mr. Shikhar Neelkamal Malhotra as a Director liable to retire by rotation through an Ordinary Resolution. During the proceedings, Chairperson Ms. Roshni Nadar Malhotra reported FY26 consolidated revenue of ₹1,30,144 crores, a net profit of ₹16,642 crores, and declared a total dividend of ₹60 per share.
HCLFoundation, the CSR arm of HCLTech, celebrated the 50th anniversary of HCL Group on August 11, 2026, by planting 50,000 native saplings and launching clean-up drives at 50 beaches across 10 states in India. The initiative involved HCLTech employees, families, and community partners. HCLFoundation has greened 74,000 acres, harvested over 155 billion liters of water, planted more than 181,000 saplings, and collected over 120,800 kg of ghost nets and marine debris to date.
On August 10, 2026, HCL Technologies clarified media alerts about a hacker group's claim of potential exposure of limited, dated employee data from a few years back. The company's initial investigation found no evidence of a breach to its systems or client engagement, and further investigation is ongoing.
HCLTech announced on August 6, 2026, that it has achieved OpenAI Advanced Partner status within the OpenAI Partner Network. This designation allows HCLTech to collaborate with OpenAI to help organizations build, deploy, and scale AI-native solutions responsibly and securely. HCLTech will leverage its AI expertise and integrated AI Force platform to help enterprises adopt OpenAI frontier models and drive measurable business value.
HCL Technologies Limited published newspaper advertisements on August 06, 2026, in Mint (English) and Hindustan (Hindi) to inform shareholders about the transfer of equity shares to the Investor Education and Protection Fund.
HCLTech was named to TIME's World's Most Sustainable Companies 2026 list for the second consecutive year, ranking among the top five global professional services companies and as the highest-ranked India-headquartered company in its category. The company achieved its 2030 SBTi-validated emissions target four years ahead of schedule and in FY26, replenished 51 times more water than it consumed while retaining zero waste-to-landfill platinum certification across all owned facilities.
HCL Technologies Limited announced the successful completion of its acquisition of HPE’s Telco Solutions business on August 3, 2026. This acquisition, previously announced in December 2025, aims to strengthen HCLTech's position in AI- and engineering-led telecom solutions for Communications Service Providers. The deal integrates nearly 1,400 specialists and expands HCLTech's global presence and portfolio in areas like OSS, HSS, and 5G SDM.
HCL Technologies Limited announced the completion of its acquisition of the Telco Solutions Business from Hewlett Packard Enterprise (HPE) on August 1, 2026, at 9:31 a.m. IST. This follows the company's initial intimation of the acquisition on December 18, 2025.
HCL Technologies Limited announced the completion of its acquisition of 100% stake in Guardian India Operations Private Limited on July 31, 2026, at 11:59 p.m. IST. This follows the company's initial intimation of the acquisition on July 16, 2026.
Ms. Nishi Vasudeva's second term as an Independent Director of HCL Technologies Limited concludes on July 31, 2026. She will retire from the Board of Directors effective from the close of business hours on that date due to tenure completion.
Ms. Nishi Vasudeva will retire as an Independent Director of HCL Technologies Limited effective July 31, 2026, upon completion of her second term. She will also cease to be Chairperson of the Stakeholders’ Relationship Committee and a Member of the Audit, Risk Management, and Nomination & Remuneration Committees.
HCL Technologies Limited will participate in three investor conferences: Emkay Confluence 2026 from August 12-14, 2026; Equirus Annual India Conference on August 13-14, 2026; and Motilal Oswal's 22nd Annual Global Investor Conference from August 17-19, 2026. Company executives may also hold one-on-one investor meetings during these events, without sharing unpublished price-sensitive information.
HCLTech announced the release of a new research report by Economist Enterprise, supported by HCLTech, on July 27, 2026. The report indicates that while 91% of organizations believe their AI investments are delivering results, only one-third can measure the business value created. It also highlights an execution gap, with only 20% of organizations having a strategy for AI upskilling or hiring and 17% reporting active AI governance. The research surveyed over 200 C-suite executives in the U.S. and Europe within the Telecom, Media, Semiconductor, and Technology (TMT) industries.
HCL Technologies, in partnership with Sarvam and the Government of Odisha, plans to establish its first AI Data Center in the Odisha Sovereign AI Park. The project, with a capital outlay of Rs 14,257 crores including government assistance, aims to accelerate India's sovereign AI and data ecosystem. A Memorandum of Understanding was signed on July 24, 2026, by representatives from HCLTech, the Government of Odisha, and Sarvam.
HCL Technologies signed a Memorandum of Understanding with the Government of Odisha on July 24, 2026, to establish a Global Technology Center in Bhubaneswar. The center will house 5,000 employees and is expected to begin operations by 2028, focusing on AI-led digital solutions. This initiative is part of HCLTech's 'New Vistas' to expand its presence in India and develop Bhubaneswar as a key innovation hub.
HCL Technologies has partnered with TIM Brasil to launch South America's first cross-platform eSIM transfer capability, enhancing customer experience and accelerating next-generation mobile service adoption. This digital innovation, leveraging HCLTech's Device Entitlement Gateway, allows TIM Brasil customers to securely transfer eSIM profiles across devices and operating systems without store visits or physical SIM card swaps. The collaboration aims to transform the telecom operator towards a more agile, AI-driven, and device-agnostic future.
HCL Technologies has partnered with TIM Brasil to launch South America's first cross-platform eSIM transfer capability, enhancing customer experience and accelerating next-generation mobile service adoption. This digital innovation, leveraging HCLTech's Device Entitlement Gateway, allows TIM Brasil customers to securely transfer eSIM profiles across devices and operating systems without store visits or physical SIM card swaps. The collaboration aims to transform the telecom operator towards a more agile, AI-driven, and device-agnostic future.
HCLTech released a report on July 21, 2026, titled "The Blueprint for AI Leadership," revealing that only 18% of enterprises see significant revenue impact from AI despite near-universal adoption. The report, based on research with 500 decision-makers, highlights a gap between AI adoption and realizing business value, with "AI Leaders" demonstrating superior strategy, data readiness, and workforce transformation compared to "AI Followers."
HCL Technologies Limited published newspaper advertisements on July 21, 2026, in the Financial Express and Jansatta, announcing the dispatch of the Notice of the 34th Annual General Meeting and the Annual Report for FY2025-26 to shareholders, in compliance with SEBI Listing Regulations.
HCL Technologies Limited will hold its 34th Annual General Meeting on August 12, 2026, via video conference. The meeting agenda includes adopting the audited financial statements for the fiscal year ending March 31, 2026, re-appointing Shikhar Neelkamal Malhotra as a director, and appointing Jacob Christian Dahl as a Non-Executive Independent Director for a five-year term from July 13, 2026, to July 12, 2031.
Recent market and company developments associated with HCL Technologies.
Despite weak operating leverage and higher investments, IT services companies maintained stable profitability, supported by effective cost-control measures and favourable currency movements, according to a Systemix report.
The TCS-Porsche deal is the latest of at least nine transactions in which IT firms acquired clients’ technology businesses alongside large outsourcing mandates, as organic growth slows.
Infosys, TCS, HCL Tech, Wipro and other IT stocks are in focus after the US Department of Homeland Security proposed a $103,265 fee on H-1B cap-subject petitions. The charge would be additional to existing fees and could generate $8.8 billion annually, based on 85,000 petitions. The proposal is not final and will undergo a 30-day public comment period.
Nifty IT becomes sole gainer sectorally, rising 0.4% and snapping a four-day losing streak on value buying and domestic capital rotation
Sensex falls 326 points and Nifty slips 77 points on August 19. Check why Indian markets fell, sector performance and top gainers and losers.
For TCS, Infosys and HCLTech, CLSA expects AI to become one-third of their overall revenue only by financial year 2031, a figure which currently stands at 10%, 9%, 6% respectively for these three companies. It is only then, that they will be able to deliver 6.1%, 5.6% and 6.4% growth respectively during financial year 2031, the brokerage added.
IT stocks, crude oil
Indian equity markets extended losses on Tuesday as the expiry of the temporary US-Iran ceasefire revived concerns over Middle East tensions and higher crude prices. The Sensex fell 261 points, while the Nifty declined 0.23% in early trade. Weak IT stocks and rising US bond yields further pressured sentiment
Market sentiment is likely to remain influenced by the interplay between crude oil prices, equity performance, foreign institutional flows and curren
Indian stocks remained subdued on August 17, with the Nifty down 0.11% and the Sensex down 0.19% due to ongoing Middle East conflicts and high crude oil prices. Despite this, midcap and small-cap indices saw slight gains.
Stock Market Live Updates: We are in the second half of the day's trade, and the markets have managed a remarkable recovery from the lows. The Nifty has recovered over 130 points from lows, moving above the 24,350 mark. The Nifty Bank has turned green, jumping by over 150 points. Hindalco, HDFC Life and Bajaj Fin are the top gainers.
weekender, pro weekender, independence day, markets, economy
Some deals expected to be up for renewal are banking giant HSBC’s ERP implementation and modernisation contract with Accenture and Capgemini, Wipro’s contract with ICICI Bank, Tata Consultancy Services’ engagements with GE Healthcare, TCS and HCLTech’s contracts with Cemex, among others, said industry sources.
IT stocks, artificial intelligence, AI deals, generative AI, IT sector, TCS, Infosys, Wipro, HCLTech, Tech Mahindra
At noon, the BSE Sensex was down 434.44 points, or 0.55%, at 78,108.00, while the NSE Nifty declined 139.95 points, or 0.57%, to trade at 24,443.85.
As of 11:55 am, the BSE Sensex falls 434.44 points, or 0.55%, at 78,108.00, while the NSE Nifty declines 139.95 points, or 0.57%, to trade at 24,443.85.
From BSE’s entry into the Nifty 50 and Wipro’s exit to fresh orders, business expansions and regulatory approvals, a packed corporate news flow could keep more than two dozen stocks in focus on Tuesday.
From BEL securing additional orders worth ₹541 crore to Lloyds Metals & Energy, KEC International, Vodafone Idea and others reporting their June-quarter results after market hours, these are the stocks likely to remain in focus ahead of Tuesday’s trading session. Ashiana Housing, Allcargo Terminals, Kalyani Forge and others are also due to report results on August 11.
Brokerage firm Nuvama says gen AI could expand total addressable market for IT services to $300-400 billion by 2030, as enterprises increasingly invest in AI-led transformation.
PRNewswire
Sensex, Nifty, Share Prices Live: Benchmark indices opened lower on Friday, weighed down by heavyweight financial stocks and rising oil prices amid concerns over the reopening of the Strait of Hormuz, while quarterly earnings drove stock-specific moves.
Technology stocks drove the early action on the gainers' board.
Sensex , Nifty , Sensex constituents, US markets, Infosys, brent crude, Strait of Hormuz, Tech Mahindra, TCS, HCL Technologies, Axis Bank, HDFC Bank, Eternal, Sun Pharma, Maruti Suzuki top losers, HDFC Bank, Kotak Mahindra Bank, Nifty bank,, banking stocks, IndiGo, Maruti, Tata Steel, HDFC Bank, , Sensex, Nifty, IndiGo, Axis Bank, Tech Mahindra, Sun Pharma, Infosys, SBI, ICICI Bank, sensex losers
Analysts expect resistance around the 24,800 level for Nifty, while the 24,400-24,300 zone is likely to provide immediate support on any decline.
Bengaluru's Sarvam secures $75 million in Series B funding led by Nvidia, boosting its valuation to $1.5 billion.
Comprehensive Section Breakdown for HCL Technologies
Strategic Vision: Global technology services and software for enterprise clients.
Category: B2B Services
The core services engine focusing on enterprise digital transformation, hybrid cloud infrastructure management, and application modernization.
Category: B2B Services
Provides product engineering, semiconductor chip design, and IoT systems, securing downstream ITBS service agreements.
Category: B2B Services
Develops, markets, and licenses proprietary software products focused on customer experience, digital commerce, and security.
Key Products & Services: Unica • HCL Commerce • BigFix
Core Thesis: HCLTech organizes its capabilities across three primary business segments designed to form an integrated service and software ecosystem.
• ITBS as Gateway: ITBS serves as the primary gateway to enterprise clients, establishing long-term customer relationships. • ERS as Differentiator: ERS operates as a key technological differentiator by partnering with clients at the product-development phase. • HCLSoftware Cross-selling: HCLTech cross-sells proprietary software platforms to the enterprise customer base serviced by ITBS and ERS. • Product-Aligned Operating Model: Delivery units are aligned to mirror agile product lifecycles, reducing siloed operational handoffs.
• Integrated service and software ecosystem
• Partnerships at product-development phase
• Cross-selling proprietary software platforms