HCL Technologies' shares jumped nearly 7% on Wednesday, reaching ₹1,590 on the BSE after it posted better-than-expected Q4 results.
As of 10:30 am, the stock was up 6.62%, trading at ₹1,578.10.
Key Highlights from Q4FY25:
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Net profit: ₹4,307 crore (up 8% YoY)
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Revenue: ₹30,246 crore (up 6% YoY, flat QoQ)
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New deal wins (TCV): $3 billion (up 31% YoY)
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Profit down 6% QoQ, despite strong annual numbers
Much of the growth came from AI-driven services and a revamped go-to-market strategy. CEO C Vijayakumar said the company is “well-positioned for medium-term growth despite short-term caution.”
FY25 Overall Performance:
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Revenue: ₹1.17 lakh crore (up 6%)
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Net income: ₹17,390 crore (up 11%)
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FY26 guidance:
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Revenue growth: 2–5% (constant currency)
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EBIT margin: 18–19%
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Chairperson Roshni Nadar called it a year of “robust growth with a future-ready portfolio.”
What Analysts Are Saying:
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Nuvama: Upgraded to Buy, target ₹1,700 – sees value in the stock, especially after a 23% correction this year.
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InCred: Downgraded to Hold, target ₹1,585 – cautious on growth beyond current levels.
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Jefferies: Maintains Hold, target ₹1,490 – strong deals but warns of weak IT spending in H1 FY26.
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JP Morgan: Upgraded to Overweight, target ₹1,750 – praises steady execution, warns about US tariff risks.
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Macquarie: Most bullish with an Outperform rating, target ₹2,160 – impressed by deal wins and stable margins.
Overall, while brokerages are split, many believe HCLTech is in a better spot than its peers going into FY26.
