Focus on GenAI, engineering services, and EV tech partnerships amid global uncertainty
HCL Technologies reported a steady Q4FY25 performance with revenues rising to ₹302.4 billion, marking a 6.1{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} YoY and 1.2{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} QoQ growth. However, net profit slipped 6.2{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} sequentially to ₹43 billion, with EBIT margin declining by 148 bps to 18{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be}.
Despite macroeconomic headwinds, the IT major recorded net new bookings worth USD 3 billion—its second-highest ever—highlighting strong deal traction. For FY26, the company guided for 3–5{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} revenue growth in constant currency, maintaining EBIT margin expectations at 18–19{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be}.
Strategic highlights include an engineering services engagement with a global high-tech firm, a new collaboration with ChargePoint to drive innovation in EV charging solutions, and continued investments in GenAI and cloud-smart capabilities—underscoring HCLTech’s shift toward high-value, tech-led transformations.
The sector outlook remains neutral, with discretionary IT spending expected to stay subdued. However, enterprise opportunities are emerging in AI-driven optimization, vendor consolidation, and modernization of core tech stacks.