HCL Technologies Limited (NSE:HCLTECH)

HCL Technologies Financials Overview

Financials in millions USD. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	14,849	14,664	13,840	13,270	12,586	11,481
Revenue Growth	4.42%	5.95%	4.29%	5.44%	9.63%	12.83%
Gross Profit Gross Profit Growth	5,059	4,997	4,835	4,761	4,578	4,408
Operating Income Operating Income Growth	2,604	2,526	2,531	2,418	2,288	2,170
Net Income Net Income Growth	1,967	1,877	2,041	1,896	1,837	1,807
Earnings Per Share EPS Growth	0.72	0.69	0.75	0.70	0.68	0.67
EPS Growth	-1.22%	-8.00%	7.14%	3.17%	1.84%	19.98%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
IT and Business Services IT and Business Services Growth	102,934	96,094	86,438	81,179	74,015	61,711
Engineering and R&D Services Engineering and R&D Services Growth	23,122	22,056	18,960	17,667	16,802	13,564
HCL Software HCL Software Growth	11,996	11,994	11,657	11,067	10,639	10,376

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	2,437	3,205	3,364	3,261	2,447	2,491
Total Debt Total Debt Growth	628	550	735	692	582	837
Net Cash (Debt) Net Cash Growth	1,809	2,655	2,629	2,569	1,865	1,654
Net Cash Growth	-30.61%	0.99%	2.34%	37.75%	12.76%	32.11%
Net Cash Per Share Net Cash Per Share Growth	0.67	0.98	0.97	0.95	0.69	0.61

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	1,955	2,252	2,632	2,711	2,230	2,265
Capital Expenditures CapEx Growth	-175	-160	-131	-127	-206	-221
Free Cash Flow Free Cash Flow Growth	1,780	2,092	2,501	2,584	2,024	2,044
Free Cash Flow Growth	-28.14%	-16.35%	-3.21%	27.67%	-0.98%	-14.58%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	34.07%	34.08%	34.94%	35.88%	36.37%	38.39%
Operating Margin	17.54%	17.23%	18.29%	18.22%	18.18%	18.90%
Pretax Margin	17.19%	16.99%	19.76%	19.07%	19.17%	19.77%
Profit Margin	13.25%	12.80%	14.75%	14.29%	14.60%	15.74%
FCF Margin	11.99%	14.27%	18.07%	19.47%	16.08%	17.80%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 27, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	54.000	0.576	0.632	0.624	0.585	0.422
Dividend Per Share Growth	0%	-8.87%	1.26%	6.78%	38.62%	208.49%
Dividend Yield	3.80%	4.03%	3.39%	3.37%	4.42%	2.75%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 27, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	20.57	20.62	24.75	26.46	19.48	22.98
Forward PE	18.80	18.64	23.66	23.98	18.29	22.24
P/FCF Ratio	22.47	18.51	20.20	19.42	17.68	20.32
PS Ratio	2.69	2.64	3.65	3.78	2.84	3.62

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Oct 12, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

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