Integrated Filing — IndAS



General information about company

Scrip Code 532281
NSE Symbol HCLTECH
MSEI Symbol NOTLISTED
ISIN INE860A01027
Name of company HCL Technologies Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 21-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-03-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 21-04-2026   13:30:00
End date and time of board meeting 21-04-2026   17:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 33,98,100.00 1,30,14,400.00
Other income 32,200.00 1,53,000.00
Total income 34,30,300.00 1,31,67,400.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 71,900.00 2,71,500.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,000.00) (10,600.00)
(d) Employee benefit expense 19,37,700.00 74,14,300.00
(e) Finance costs 24,000.00 86,900.00
(f) Depreciation, depletion and amortisation expense 1,09,200.00 4,35,500.00
(f) Other Expenses
1 Other Expenses 2,14,900.00 8,21,800.00
2 Outsourcing costs 5,03,400.00 18,42,200.00
Total other expenses 7,18,300.00 26,64,000.00
Total expenses 28,60,100.00 1,08,61,600.00
3 Total profit before exceptional items and tax 5,70,200.00 23,05,800.00
4 Exceptional items 0.00 (95,600.00)
5 Total profit before tax 5,70,200.00 22,10,200.00
6 Tax expense
7 Current tax 1,05,900.00 5,10,500.00
8 Deferred tax 15,300.00 34,500.00
9 Total tax expenses 1,21,200.00 5,45,000.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,49,000.00 16,65,200.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,49,000.00 16,65,200.00
17 Other comprehensive income net of taxes 91,600.00 3,70,900.00
18 Total Comprehensive Income for the period 5,40,600.00 20,36,100.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 4,48,800.00 16,64,200.00
Total profit or loss, attributable to non-controlling interests 200.00 1,000.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 5,40,200.00 20,34,700.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 400.00 1,400.00
21 Details of equity share capital
Paid-up equity share capital 54,300.00 54,300.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 74,62,200.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 16.59 61.46
Diluted earnings (loss) per share from continuing operations 16.56 61.36
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 16.59 61.46
Diluted earnings (loss) per share from continuing and discontinued operations 16.56 61.36
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes : 1 The consolidated and the standalone financial results for the three months and year ended 31 March 2026 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 21 April 2026. The statutory auditors have issued unmodified audit report on these results. 2 The Board of Directors at its meeting held on 21 April 2026 has declared an interim dividend of Rs 24 per share. 3 One-time impact of New Labour Codes : Effective 21 November 2025, The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the ‘New Labour Codes’. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit and Loss. The New Labour Codes has resulted in estimated one time increase in provision for employee benefits of the Group and the Company of Rs 956 crores and Rs 948 crores (along with consequential tax benefit of Rs 237 crores and Rs 235 crores, resulting in decrease in profit after tax by Rs 719 crores and Rs 713 crores), respectively and the same has been recognized as an employee benefit expense (exceptional item) in the three months period ended 31 December 2025 and year ended 31 March 2026. The Government is in the process of notifying related rules to the New Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 4 One-time impact of a material Bilateral Advance Pricing Agreement (BAPA) on Standalone financial results: During the current quarter, the Company concluded a Bilateral Advance Pricing Agreement (BAPA) with a tax authority in foreign jurisdiction covering certain prior financial years in relation to transaction with its wholly owned subsidiary. While the substantive terms and conditions have been mutually agreed, the Company is in the process of completing the formalization of the BAPA with the foreign jurisdiction. Consequent to above, the Company recognised an incremental impact of Rs 6,436 crores during the quarter ended 31 March 2026, comprising Rs 5,733 crores pertaining to periods up to 31 March 2025, as an exceptional item and Rs 703 crores pertaining to the nine months ended 31 December 2025, as a reduction from revenue from operations, with a corresponding adjustment in the wholly owned subsidiary. The above expense has resulted in a tax benefit of Rs 1,531 crores during the quarter ended 31 March 2026 which includes Rs 1,317 crores for the period upto 31 March 2025 and Rs 214 crores for the nine months ended 31 December 2025. Accordingly, the net impact has resulted in a decrease in profit after tax of Rs 4,905 crores for the quarter ended 31 March 2026 which includes Rs 4,416 crores for the period upto 31 March 2025 and Rs 489 crores for the nine months ended 31 December 2025. 5 Profit (loss) for the period/year, excluding one-time impacts of New Labour Codes and material BAPA and related tax impact, a. For the Group is Rs 4,801 crores for the quarter ended 31 December 2025; and Rs 17,371 crores for the year ended 31 March 2026. b. For the Company is Rs 4,005 crores for the quarter ended 31 March 2026; Rs 3,695 crores for the quarter ended 31 December 2025; and Rs 12,756 crores for the year ended 31 March 2026. 6 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 7 The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to 31 March 2026 and the unaudited published year-to-date figures up to 31 December 2025 being the date of the end of the third quarter of the financial year which were subjected to a limited review. 8 As per Ind AS 108 'Operating Segments’, the Company has disclosed the segment information only as part of the consolidated financial results. Cash flow notes: 1. The total amount of income taxes paid is Rs 4,409 crores ( 31 March 2025 Rs 4,649 crores). 2. Cash and cash equivalents includes earmarked balances with banks of Rs 53 crores ( 31 March 2025 Rs 19 crores) which is of restricted use and Bank overdraft of Rs (70) crores (31 March 2025 Nil).



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 4,65,700.00
Capital work-in-progress 6,000.00
Investment property 0.00
Goodwill 23,88,800.00
Other intangible assets 5,16,000.00
Intangible assets under development 8,200.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 13,000.00
Trade receivables, non-current 60,100.00
Loans, non-current 5,000.00
Other non-current financial assets
1 Others 3,58,500.00
Total of other non-current financial assets 3,58,500.00
Total non-current financial assets 4,36,600.00
Deferred tax assets (net) 1,14,600.00
Other non-current assets
1 Right-of-use assets 3,59,200.00
2 Other non-current assets 2,76,500.00
Total of other non-current assets 6,35,700.00
Total non-current assets 45,71,600.00
2 Current assets
Inventories 23,900.00
Current financial asset
Current investments 6,96,000.00
Trade receivables, current 31,54,100.00
Cash and cash equivalents 8,26,500.00
Bank balance other than cash and cash equivalents 15,16,000.00
Loans, current 1,01,700.00
Other current financial assets
Total of other current financial assets 1,62,600.00
Total current financial assets 64,56,900.00
Current tax assets (net) 22,600.00
Other current assets
1 Other current assets 5,50,800.00
Total of other current assets 5,50,800.00
Total current assets 70,54,200.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,16,25,800.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 54,300.00
Other equity 74,62,200.00
Total equity attributable to owners of parent 75,16,500.00
Non controlling interest 3,200.00
Total equity 75,19,700.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,700.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 3,18,000.00
2 Others 1,40,100.00
Total of other non-current financial liabilities 4,58,100.00
Total non-current financial liabilities 4,61,800.00
Provisions, non-current 2,00,100.00
Deferred tax liabilities (net) 1,38,100.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Contract liabilities 1,16,200.00
2 Other non-current liabilities 7,300.00
Total of other non-current liabilities 1,23,500.00
Total non-current liabilities 9,23,500.00
Current liabilities
Current financial liabilities
Borrowings, current 12,200.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7,70,600.00
Total Trade payable 7,70,600.00
Other current financial liabilities
1 Lease liabilities 1,87,600.00
2 Others 9,22,800.00
Total of other current financial liabilities 11,10,400.00
Total current financial liabilities 18,93,200.00
Other current liabilities 7,36,800.00
1 Contract liabilities 5,05,300.00
2 Other current liabilities 2,31,500.00
Total of other current liabilities 7,36,800.00
Provisions, current 1,66,400.00
Current tax liabilities (Net) 3,86,200.00
Deferred government grants, Current 0.00
Total current liabilities 31,82,600.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 41,06,100.00
Total equity and liabilites 1,16,25,800.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 IT and Business Services 25,44,300.00 96,09,500.00
2 Engineering and R&D Services 5,78,700.00 22,06,300.00
3 HCL Software 2,85,700.00 12,39,700.00
Total Segment Revenue 34,08,700.00 1,30,55,500.00
Less: Inter segment revenue 10,600.00 41,100.00
Revenue from operations 33,98,100.00 1,30,14,400.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 IT and Business Services 4,14,900.00 15,39,000.00
2 Engineering and R&D Services 90,000.00 3,70,300.00
3 HCL Software 57,100.00 3,30,400.00
Total Profit before tax 5,62,000.00 22,39,700.00
i. Finance cost 24,000.00 86,900.00
ii. Other Unallocable Expenditure net off Unallocable income (32,200.00) (57,400.00)
Profit before tax 5,70,200.00 22,10,200.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 IT and Business Services 0.00 0.00
2 Engineering and R&D Services 0.00 0.00
3 HCL Software 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 IT and Business Services 0.00 0.00
2 Engineering and R&D Services 0.00 0.00
3 HCL Software 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to statement of Profit and loss (57,100.00) (55,900.00)
Total Amount of items that will not be reclassified to profit and loss (57,100.00) (55,900.00)
2 Income tax relating to items that will not be reclassified to profit or loss (14,700.00) (14,800.00)
3 Amount of items that will be reclassified to profit and loss
1 Items will be reclassified to statement of profit and loss 1,10,300.00 3,63,300.00
Total Amount of items that will be reclassified to profit and loss 1,10,300.00 3,63,300.00
4 Income tax relating to items that will be reclassified to profit or loss (23,700.00) (48,700.00)
5 Total Other comprehensive income 91,600.00 3,70,900.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 22,10,200.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 43,400.00
Adjustments for decrease (increase) in inventories (5,900.00)
Adjustments for decrease (increase) in trade receivables, current (2,24,800.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 8,600.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 73,600.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (3,700.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 4,35,500.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 1,54,200.00
Adjustments for share-based payments 47,800.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (19,000.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (6,400.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,94,900.00
Net cash flows from (used in) operations 24,05,100.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 4,07,600.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 19,97,500.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 15,900.00
Other cash receipts from sales of equity or debt instruments of other entities 49,36,900.00
Other cash payments to acquire equity or debt instruments of other entities 48,69,300.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 300.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2,300.00
Purchase of property, plant and equipment 1,42,200.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,43,000.00
Income taxes paid (refund) 33,300.00
Other inflows (outflows) of cash (1,69,100.00)
Net cash flows from (used in) investing activities (1,47,300.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 71,100.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 31,800.00
Repayments of borrowings 2,62,600.00
Payments of lease liabilities 1,68,500.00
Dividends paid 14,61,800.00
Interest paid 4,600.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (100.00)
Net cash flows from (used in) financing activities (19,36,900.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (86,700.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 81,700.00
Net increase (decrease) in cash and cash equivalents (5,000.00)
Cash and cash equivalents cash flow statement at beginning of period 8,24,500.00
Cash and cash equivalents cash flow statement at end of period 8,19,500.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R & Co. LLP Yes 31-07-2028