shares surged 6% to a day’s high of Rs 1,571 on BSE in early trade on Wednesday, after the IT major reported an 8% year-on-year (YoY) rise in net profit to Rs 4,307 crore for the fourth quarter of FY25, up from Rs 3,986 crore in the same period last year.
Revenue from operations rose 6% YoY to Rs 30,246 crore. On a sequential basis, revenue grew 1%, while net profit declined 6% quarter-on-quarter.
The company reported new deal TCV (total contract value) of $3 billion, driven by its AI-led offerings and an integrated GTM (go-to-market) organization, which was established at the beginning of the fiscal year.
“The strength of our execution positions us well to capture medium-term opportunities emerging from global uncertainties, even as we navigate the short term with caution,” said C Vijayakumar, CEO and MD,
For FY26, the company expects revenue growth of 2–5% YoY in constant currency (CC), with a similar outlook for its services segment. EBIT margin guidance has been set at 18–19%.
During FY25, HCLTech’s revenue rose 6% to Rs 1.17 lakh crore, while CC revenue increased 4.7%. Net income for the year climbed 11% to Rs 17,390 crore.
“We have delivered another year of robust growth with a future-ready portfolio. We remain committed to creating value for all our stakeholders,” said Roshni Nadar, Chairperson, HCL Tech.
Should you buy, sell, or hold HCL Tech stock? Here’s what analysts say:
Nuvama
Nuvama has upgraded HCL Tech to ‘Buy’ with a target price of Rs 1,700. It noted that the company is outperforming peers despite macroeconomic uncertainty and that Q4FY25 results were in line with expectations.
The brokerage added that HCLTech’s FY26 CC revenue growth guidance of 2–5% was slightly ahead of estimates. Nuvama has maintained its FY26/27 projections and continues to value the stock at 23x FY27 PE. Following a 23% YTD correction, it sees an attractive dividend yield of 4.2%.