HCL Tech share price crashes 8% after Q4 results. Should you buy, sell or hold?

HCL Technologies share price crashed over 9% to 1,301 apiece on NSE on Wednesday, 22 April, after the company reported its Q4 results 2026. The IT stock opened at 1,345 today, as compared to previous close of 1,441 per share on Tuesday.

HCL Tech Q4 results 2026 highlights

India’s third-largest IT firm reported a 4.20% year-on-year (YoY) increase in consolidated profit for the March quarter (Q4FY26), reaching 4,488 crore compared to 4,307 crore in the same period last year. On a sequential basis, profit rose 10.11% from 4,076 crore in Q3FY26.

The company’s consolidated revenue from operations for the quarter grew 12.35% YoY to 33,981 crore, up from 30,246 crore in Q4FY25. However, on a quarter-on-quarter basis, revenue remained largely unchanged compared to 33,872 crore reported in Q3FY26.

In constant currency terms, the company’s revenue grew 2.4% year-on-year but fell 3.3% quarter-on-quarter. In dollar terms, revenue increased 5.3% YoY but declined 2.9% QoQ to $3,682 million in Q4FY26.

HCL Technologies reported EBIT of 5,620 crore for the quarter, up from 5,442 crore in Q4FY25 but lower than 6,285 crore in Q3FY26. This translates to a 3.3% YoY increase and a 10.6% QoQ decline. The EBIT margin, excluding restructuring costs, came in at 17.7%, compared to 18% a year ago and 19.4% in the previous quarter.

During the January–March period, the company secured multiple deal wins, including several advanced AI contracts. The total contract value of new deals stood at $1,936 million in Q4FY26, while the full-year FY26 figure reached $9,323 million.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


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