HCLTech Q1 profit slips 10% to ₹3,843 cr

Noida-based IT services exporter raises lower end of its guidance to 3-5% on constant-currency basis

- AVIK DAS

HCLTech, India's third-largest information-technology (IT) services firm, on Monday reported net profit for the first quarter of 2025-26 at ₹3,843 crore, down 9.72 per cent year-on-year.

On a sequential basis profit was down 10.7 per cent. It reported 3.7 per cent constant-currency revenue growth for the April-June quarter, helped by its technology and services, telecommunications and media, and financial services.

These more than offset the sluggishness in manufacturing and the life-sciences vertical.

For the quarter ended June 30, HCL reported revenue of ₹30,349 crore, up 8.2 per cent over that in the same period a year earlier.

The value of the new deal bookings stood at $1.81 billion. That also helped India's third-largest IT services exporter to raise the lower end of its guidance. HCL now expects to grow 3-5 per cent on a constant-currency basis for the full year, up from 2-5 per cent it had projected in April.

However, the firm cut its EBIT (earnings before interest and tax) margin guidance to 17-18 per cent from 18-19 per cent earlier. The company said the margins would be impacted due to restructuring.