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HCLTech Q1 Results Preview: Revenue likely to remain steady at $3,510 million; margin may shrink by 90 bps

Published on 14/07/2025 05:19 PM

IT major HCL Technologies (HCLTech) is set to report its earnings for the first quarter of the current financial year on Monday, July 14. Analysts expect the Noida-headquartered company to stage a sluggish show for the first three months of FY26, with possible operational weakness due to seasonality.

According to Zee Business research, HCLTech is estimated to register an adjusted net profit of Rs 1,576 crore for the April-June period, marking a decline of 8.6 per cent on a quarter-on-quarter basis.

The analysts expect its revenue to grow 0.5 per cent sequentially to Rs 30,218 crore. In dollar terms, the IT major's revenue is estimated to be largely unchanged sequentially, at $3,510 million.

In constant currency terms, HCLTech's revenue is estimated to decline 1.5 per cent sequentially. 

The IT firm's earnings per share are estimated to decline 4.3 per cent to Rs 15.2, according to Zee Business research. 

HCLTech is expected to register a 1.8 per cent sequential decline in its earnings before interest and taxes (EBIT) for the quarter ended June 30, at Rs 1,797 crore.

The analysts expect the company's margin to come in at 17.1 per cent for the June quarter, as against 18.0 per cent for the March quarter--a decline of 90 basis points (bps). 

According to the research, HCLTech's new deal wins are estimated to amount to Rs 17,000 crore-21,250 crore for the quarter.

The IT company is estimated to maintain its revenue growth guidance (constant currency) at 2-5 per cent for FY26.

It has also projected an EBIT margin range of 18.0-19.0 per cent for the year ending March 31, 2026.

Key things to watch out for

Investors will closely watch out for two things in the upcoming earnings report:

 

 

 

 

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