HCL Technologies (HCLTech), one of the leading IT services companies on Tuesday, June 16, announced its schedule for the release of its first quarter (Q1 FY27) results.
The company said its board would also consider the interim dividend for the fiscal year 2026-27.
In its filing to stock exchanges, the Noida-headquartered company said that a meeting of the Board of Directors of the Company is scheduled to be held on July 13, 2026, to consider, amongst others:
1) Unaudited financial results of the company for the quarter ending June 30, 2026.
2) Declaration of the second interim dividend for the financial year 2026-27.
Other details
On Monday, June 15, HCLTech announced plans to buy 10.46% stake in government-backed sovereign AI model developer Sarvam AI for ₹1,427 crore.
The transaction, which values Sarvam AI at $1.5 billion, is expected to close within two weeks of signing the agreement.
“Total investment of ₹1,427.25 crore. 41,421 equity shares for a 10.46% stake in Sarvam AI will be acquired,” HCLTech said in a filing on Monday.
Sarvam AI is building the foundational model of Sovereign AI for India. The company is developing India’s full-stack Sovereign AI platform across research, models, infrastructure, and applications, built to advance AI for all of India.
The transaction does not require any regulatory approval, the filing said.
“This independent investment by HCLTech will fund Sarvam’s continued research and development for training its next-generation frontier models for agentic AI, coding, and cybersecurity use cases, as well as access to compute at scale to expand its deployment across key industry verticals,” the filing said.
Sarvam AI reported revenue of ₹45.1 crore in 2025-26.
“The investment will enable HCLTech to develop industry and client-specific language models and AI solutions for its global client base, delivering compelling price-to-performance outcomes and enabling differentiated enterprise AI solutions across industries,” the filing said.
HCLTech Q4 FY26 earnings
HCLTech reported a 4.20% on-year rise in consolidated net profit to $4,488 crore in the January-March quarter of FY26, even as the management flagged a highly volatile demand environment shadowed by tariffs and softened discretionary spends, giving a FY27 growth guidance of 1-4%.
The IT firm had reported a consolidated net profit of ₹4,307 crore in the same period of FY25.
The firm’s revenue from operations rose 12.34% to ₹33,981 crore in Q4 FY26, up from ₹30,246 crore in Q4 FY25.
FY27 growth outlook and market challenges
The IT major projected its FY27 company revenue growth to be in the range of 1% and 4% in constant currency (CC).
The company attributed the broad band of guidance to market volatility, reduced discretionary spend, and two client-specific situations where it expects some ramp-downs.
On a quarter-on-quarter basis, HCLTech’s profit and revenue rose by 10.10% and 0.32%, respectively.
For the full fiscal year of 2025-26, HCLTech recorded a net profit of ₹16,642 crore, reflecting a 4.30% decline from ₹17,390 crore in FY25.
FY26 revenue stood 11.18% higher at ₹130,144 crore.