HCLTech on Tuesday has projected a revenue growth of 1 to 4 per cent for the current financial year (FY27) in constant currency and 1.5 to 4.5 per cent services, compared to 2 to 5 per cent of last year, due to various market volatilities across the world.
“Our guidance definitely is lower than what we started last year with. Last year was 2 to 5 per cent, this year it is 1 to 4 and 1.5 to 4.5 in services... apart from everything else, we have two clients specific situations... they have planned significant ramp down and that itself had half a per cent decline. And, that’s possibly an additional element to consider when you look at the overall guidance,” C Vijayakumar, Chief Executive Officer and Managing Director, HCLTech, said at a conference call post the Q4 FY26 and full year results.
He also said different categories will all add up to eventually drive the overall revenue categorisation, led by traditional services and amplification of artificial intelligence (AI) in data, cloud, cybersecurity and modernisation.
“While the traditional services would decline, but our total contract value (TCV) is also the same as last year... In spite of the deflation like the 100 coming to 80 if we have maintained the same total TCV (like last year) and that’s what we’ve maintained, which means we’ve been able to offset the deflation, and we have been able to win more, to maintain the run rate. So that is going to create some growth,” he added.
The company posted a consolidated net income of ₹4,488 crore in the Q4 ended March 31, up 4.2 per cent on-year as compared with ₹4,307 crore in Q4 FY25.
Consolidated revenue of the IT major grew by 12.3 per cent on-year to ₹33,981 crore for the quarter in review, against ₹30,246 crore in the corresponding period last financial year.
“As the global economy pivots to the AI era, we are evolving our all-weather portfolio and empowering our people so that we are nimble in adapting to fast-changing technology cycles and create value for our stakeholders. We continue to invest in creating AI propositions that are well-positioned to leverage emerging long-term growth opportunities,” Roshni Nadar Malhotra, Chairperson, HCLTech, said.
For the full year, the company reported a net profit of ₹16,642 crore, reflecting a 4.30 per cent decline from ₹17,390 crore in FY25, impacted by a one-off ₹956 crore charge related to new labour codes.
However, consolidated revenue in FY26 grew by 11.1 per cent on-year to ₹1,30,144 crore as compared with ₹1,17,055 crore in FY25.
Meanwhile, the Board of Directors declared an interim dividend of ₹24 per equity share of ₹2 each of the company for the FY2026-27. The record date for the payment of the aforesaid interim dividend will be April 25, and the payment date of the said interim dividend will be May 5.
Shares of HCLTech closed at ₹1,441.55 apiece on the BSE on Tuesday, up 0.92 per cent from the previous close.
Published on April 21, 2026