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HCLTech's Q3 net profit fell 3.8% to Rs 4,076 crore due to new labour codes impact
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Q3 revenue rose 6% to Rs 33,872 crore, surpassing analyst estimates
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EBIT increased 14.2% to Rs 6,285 crore with a margin of 18.6%
HCL Technologies Ltd.'s net profit fell sequentially in the third quarter of the current financial year due to a one-time impact of new labour codes.
FY26 Guidance
HCLTech narrowed year-on-year revenue growth guidance to 4%-4.5% in constant currency terms for the full year, from 3%-5% earlier.
Services revenue growth has been upgraded to be between 4.75%-5.25% (vs 4%-5%). EBIT margin has been maintained between 17%-18%, excluding the one-time impact of new labour codes.
The board has declared an Interim Dividend of Rs 12 per equity share. The record date for the payment of the dividend is Jan. 16, and the payment date will be done on Jan. 27.
Shares of HCLTech settled 0.35% higher at Rs 1668.1 on the BSE, ahead of the earnings, compared to a 0.36% advance in the benchmark Sensex. The stock is down 16% on a 12-month basis.
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