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HCL Technologies posts mixed Q3 FY26 results; PAT declines but revenue beats expectations
Jan 12, 2026 — HCL Technologies Ltd (HCL Tech) on Monday reported its third quarter (Q3) financial results for the quarter ended December 31, 2025, delivering a mixed set of numbers against the backdrop of a challenging global IT demand environment.
The Noida-headquartered IT services major recorded a consolidated profit after tax (PAT) of ₹4,076 crore, marking an 11% year-on-year decline from ₹4,591 crore in the same quarter last fiscal. On a sequential basis, PAT also eased compared to the ₹4,235 crore reported in Q2 FY26.
Despite the dip in net profit, HCL Tech’s revenue climbed 13% year-on-year to ₹33,872 crore, outpacing several analyst estimates and reflecting resilient demand across key service lines. In dollar terms, quarterly revenue stood at around $3.79 billion, supported by moderate growth in core markets.
The company’s performance was influenced by one-time expenses related to regulatory changes and investment in strategic initiatives, which weighed on margins. However, growth in areas such as digital services and advanced artificial intelligence (AI) contributed to healthier top-line momentum.
In a shareholder-friendly move, HCL Tech’s board approved an interim dividend of ₹12 per equity share, with the record date set for January 16 and payout scheduled later this month.
Management highlighted continued deal traction and robust bookings during the quarter, underscoring confidence in the company’s long-term growth strategy. Analysts noted that while profitability metrics remain under pressure, the broad revenue beat could support sentiment as the IT earnings season unfolds.