HCL Technologies Q1 FY26 Earnings Preview

hnologies is expected to report a 0.3% quarter-on-quarter revenue increase to Rs 30,340.1 crore in Q1 FY26, up from Rs 30,246 crore in Q4 FY25. However, profit after tax may dip 1.9% to Rs 4,224 crore from Rs 4,307 crore. The EBIT margin is projected to contract by 70 basis points to 17.3% from 18%, signaling pressure on operating efficiency. For FY26, HCLTech forecasts revenue growth of 2% to 5% and aims to maintain an EBIT margin of 18% to 19%. This reflects a cautious yet balanced approach amid global demand uncertainties and shifting client spending trends.