Shares of HCL Technologies declined by 2% to Rs 1,569.90 in Tuesday's session. HCL Technologies is included as one of the stocks in the benchmark Nifty 50 index.
Financial Performance:
The following table summarizes the consolidated quarterly financial performance of HCL Technologies:
| Heading | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 29,890.00 Crore | Rs 30,246.00 Crore | Rs 30,349.00 Crore | Rs 31,942.00 Crore | Rs 33,872.00 Crore |
| Net Profit | Rs 4,594.00 Crore | Rs 4,309.00 Crore | Rs 3,844.00 Crore | Rs 4,236.00 Crore | Rs 4,082.00 Crore |
| EPS | 16.94 | 15.90 | 14.18 | 15.63 | 15.06 |
The revenue for the quarter-ending December 2025 stood at Rs 33,872.00 Crore, which is an increase compared to Rs 29,890.00 Crore in December 2024. The net profit for the quarter-ending December 2025 was Rs 4,082.00 Crore, compared to Rs 4,594.00 Crore in December 2024.
The following table summarizes the consolidated yearly financial performance of HCL Technologies:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 75,379.00 Crore | Rs 85,651.00 Crore | Rs 101,456.00 Crore | Rs 109,913.00 Crore | Rs 117,055.00 Crore |
| Net Profit | Rs 11,169.00 Crore | Rs 13,524.00 Crore | Rs 14,845.00 Crore | Rs 15,710.00 Crore | Rs 17,399.00 Crore |
| EPS | 41.07 | 49.77 | 54.85 | 57.99 | 64.16 |
| BVPS | 221.30 | 228.38 | 240.88 | 251.46 | 256.56 |
| ROE | 18.60 | 21.80 | 22.70 | 23.00 | 24.96 |
| Debt to Equity | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 |
The revenue for the year-ending March 2025 stood at Rs 117,055.00 Crore, which is an increase compared to Rs 109,913.00 Crore in March 2024. The net profit for the year-ending March 2025 was Rs 17,399.00 Crore, compared to Rs 15,710.00 Crore in March 2024.
The following table presents the yearly income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 117,055 | 109,913 | 101,456 | 85,651 | 75,379 |
| Other Income | 2,485 | 1,495 | 1,358 | 1,067 | 927 |
| Total Income | 119,540 | 111,408 | 102,814 | 86,718 | 76,306 |
| Total Expenditure | 95,635 | 89,888 | 82,973 | 69,447 | 59,942 |
| EBIT | 23,905 | 21,520 | 19,841 | 17,271 | 16,364 |
| Interest | 644 | 553 | 353 | 319 | 511 |
| Tax | 5,862 | 5,257 | 4,643 | 3,428 | 4,684 |
| Net Profit | 17,399 | 15,710 | 14,845 | 13,524 | 11,169 |
The sales for the year-ending March 2025 were Rs 117,055 Crore, compared to Rs 109,913 Crore in March 2024. The net profit for the year-ending March 2025 was Rs 17,399 Crore, up from Rs 15,710 Crore in March 2024.
The following table presents the quarterly income statement:
| Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|
| Sales | 33,872 | 31,942 | 30,349 | 30,246 | 29,890 |
| Other Income | 385 | 415 | 456 | 449 | 477 |
| Total Income | 34,257 | 32,357 | 30,805 | 30,695 | 30,367 |
| Total Expenditure | 28,543 | 26,440 | 25,407 | 24,804 | 24,069 |
| EBIT | 5,714 | 5,917 | 5,398 | 5,891 | 6,298 |
| Interest | 205 | 215 | 209 | 156 | 166 |
| Tax | 1,427 | 1,466 | 1,345 | 1,426 | 1,538 |
| Net Profit | 4,082 | 4,236 | 3,844 | 4,309 | 4,594 |
The sales for the quarter-ending December 2025 were Rs 33,872 Crore, compared to Rs 29,890 Crore in December 2024. The net profit for the quarter-ending December 2025 was Rs 4,082 Crore, compared to Rs 4,594 Crore in December 2024.
Balance Sheet:
The following table provides an overview of the consolidated balance sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 543 | 543 | 543 | 543 | 543 |
| Reserves & Surplus | 69,112 | 67,720 | 64,862 | 61,371 | 59,370 |
| Current Liabilities | 28,039 | 22,726 | 21,431 | 18,775 | 17,383 |
| Other Liabilities | 7,850 | 8,788 | 6,575 | 8,344 | 8,898 |
| Total Liabilities | 105,544 | 99,777 | 93,411 | 89,033 | 86,194 |
| Fixed Assets | 14,475 | 15,039 | 16,092 | 17,789 | 20,265 |
| Current Assets | 62,109 | 59,331 | 53,577 | 48,041 | 43,051 |
| Other Assets | 28,960 | 25,407 | 23,742 | 23,203 | 22,878 |
| Total Assets | 105,544 | 99,777 | 93,411 | 89,033 | 86,194 |
| Contingent Liabilities | 611 | 135 | 233 | 892 | 490 |
Total assets and total liabilities both stood at Rs 105,544 Crore as of March 2025, compared to Rs 99,777 Crore as of March 2024.
Cash Flow:
The following table summarizes the consolidated cash flow statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 22,261 | 22,448 | 18,009 | 16,900 | 19,618 |
| Investing Activities | -4,914 | -6,723 | -3,931 | 1,477 | -5,742 |
| Financing Activities | -18,561 | -15,464 | -15,881 | -14,508 | -11,180 |
| Others | 18 | 115 | 358 | 120 | 65 |
| Net Cash Flow | -1,196 | 376 | -1,445 | 3,989 | 2,761 |
Key Ratios:
As of March 2025, HCL Technologies had a P/E ratio of 24.82 and a P/B ratio of 6.20. The company’s debt-to-equity ratio was 0.03 as of March 2025.
Corporate Actions:
HCL Technologies announced an interim dividend on January 12, 2026, of Rs 12.00 per share, with an effective date of January 16, 2026. Prior to this, the company announced a bonus issue on October 23, 2019, with an ex-bonus date of December 5, 2019, and a bonus ratio of 1:1.
Moneycontrol analysis indicates very bullish sentiment for HCL Technologies as of February 3, 2026.
With the stock's last traded price at Rs 1,569.90, HCL Technologies has seen a decline of 2% in today's session.
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