Overview

• Consolidated net profit for April–June fell to ₹3,844 crore, down 9.7% year-on-year, while revenue climbed 8.2% to ₹30,349 crore.
• The company raised the lower end of its constant-currency revenue growth outlook to 3–5% from 2–5% and cut full-year EBIT margin guidance to 17–18%.
• CEO C. Vijayakumar pointed to seasonal softness, lower staff deployment and a client bankruptcy hit alongside increased generative AI spending as drivers of margin compression.
• HCLTech declared an interim dividend of ₹12 per share, setting July 18 as the record date and July 28 as the payment date.
• Shares dropped over 4% after the results, spurring brokerages to downgrade the stock and trim medium-term earnings forecasts.