HCL Technologies Ltd. is preparing to unveil its financial performance for the fourth and final quarter of the fiscal year 2026. Investors and market analysts are keenly awaiting the results, which are slated for announcement next week.
Q4 Results & Dividend Announcement Details
According to filings with the BSE, HCL Tech's Q4 FY2026 financial results are expected to be released on Tuesday, April 21, following the close of Indian stock markets. The company has also scheduled a 60-minute audio conference call for 7:30 PM IST on the same evening to discuss the earnings.
In addition to the financial scorecard, the board of directors will meet on April 20 and 21 to consider and potentially approve an interim dividend for the financial year 2026-27. Earlier this year, on January 16, 2026, HCL Tech declared an interim dividend of Rs 12 per share. Looking back at 2025, the firm distributed interim dividends of Rs 12 each on October 17, July 18, and January 17, alongside a Rs 18 per share interim dividend on April 28, 2025.
Brokerage Expectations for HCL Tech's Q4 Performance
Several domestic brokerages have offered their projections for HCL Tech's upcoming results:
- Axis Direct has identified HCL Tech as a 'top result positive play.' They anticipate a 4.5% quarter-on-quarter (QoQ) revenue growth, driven by strong momentum in its Engineering and R&D (ER&D) and services segments. However, Axis Direct expects EBIT margins to see a decline of approximately 99 basis points QoQ due to wage hikes and a normalization in the software business's growth.
- Motilal Oswal Financial Services (MOFSL) maintains a positive outlook on HCL Tech, retaining it as a preferred large-cap IT pick. MOFSL highlights the company's position as the fastest-growing large-cap IT services firm and its resilient portfolio in a volatile demand environment. Despite expected decent growth in IT and ER&D services, MOFSL projects an overall consolidated revenue dip of 0.9% QoQ, primarily attributed to product seasonality, which could see a 23% QoQ decline. Margins are forecast to contract by about 140 basis points QoQ, influenced by wage hikes, restructuring headwinds, and product and platform (P&P) business declines.
- PL Capital predicts a revenue decline for HCL Tech of 2% QoQ in constant currency and 1.7% in USD terms, also citing software business seasonality. They foresee a margin decline of 150 basis points, stemming from both software business seasonality and the partial impact of wage hikes.
Investors will be watching closely for the official announcements next week to see how HCL Tech's performance aligns with these varied expectations.