HCL Tech Share Price Drops Over 8% Post Q4 Results; Here’s Why

DSIJ Intelligence/ 22 Apr 2026 /Categories: Mindshare, Quarterly Results, Trending

HCL Tech Share Price Drops Over 8% Post Q4 Results; Here’s Why

Share Price declines after Q4FY26 results; revenue growth remains steady, PAT sees modest YoY rise, margins impacted by exceptional items, and board announces Rs 24 interim dividend

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On Wednesday, Indian markets traded on a weak note, with the Nifty 50 declining 0.58 per cent to 24,435.10, down 141.50 points from the previous close of 24,576.60. Amid this, HCL Technologies share was trading at Rs 1,314.10, down 8.82 per cent from the previous close of Rs 1,441, witnessing sharp downside movement following the company’s Q4FY26 financial results announcement.

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HCL Tech Q4FY26 Results: QoQ and YoY Performance

On a QoQ basis, revenue from operations remained largely flat at Rs 33,981 crore in Q4FY26 compared to Rs 33,872 crore in Q3FY26. Profit after Tax (PAT) increased to Rs 4,490 crore from Rs 4,082 crore in the previous quarter, registering a growth of around 10 per cent.

On a YoY basis, revenue from operations increased by 12.3 per cent to Rs 33,981 crore from Rs 30,246 crore in Q4FY25. Profit after tax (PAT) grew marginally to Rs 4,490 crore from Rs 4,309 crore in the corresponding quarter last year, up 4.2 per cent YoY.

HCL Tech Operational and Segment Performance

The IT and Business Services segment remained the key contributor with revenue of Rs 25,443 crore, followed by Engineering and R&D services at Rs 5,783 crore and HCL Software at Rs 2,755 crore during the quarter.

At the segment level, IT and Business Services reported an operating profit of Rs 4,149 crore, while Engineering and R&D Services contributed Rs 900 crore. HCL Software segment reported a profit of Rs 571 crore during Q4FY26.

HCL Tech Exceptional Impact and Margins

The quarter was impacted by a one-time exceptional item related to labour code changes in earlier periods, which affected profitability at the operating level. Profit before tax stood at Rs 5,702 crore during the quarter.

Total expenses increased to Rs 28,601 crore, driven by higher employee costs and outsourcing expenses, resulting in continued investments in growth and delivery capabilities.

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs 24 per equity share for FY27. The record date has been fixed as April 25, 2026, and the payment will be made on May 5, 2026.

HCL Tech FY26 Annual Performance

For the full financial year FY26, revenue from operations stood at Rs 1,30,144 crore, compared to Rs 1,17,055 crore in FY25, resulting in a growth of around 11.2 per cent.

Profit after tax for the year stood at Rs 16,652 crore, compared to Rs 17,399 crore in FY25, down 4.3 per cent YoY.

About HCL Technologies

HCL Technologies Ltd is a leading global IT services company, offering services across IT and business services, engineering and R&D, and software solutions. The company operates across multiple geographies and serves clients across industries, including financial services, manufacturing, healthcare, and technology.

With a strong focus on digital transformation, cloud services, and engineering capabilities, HCL Tech continues to expand its global presence through innovation-led offerings and strategic investments.