HCL Technologies saw its share price drop by more than 1% during Tuesday's trading session. This decline came right after the company released its third-quarter financial results.
Profit Takes a Hit While Revenue Climbs
The IT services giant announced its consolidated net profit for the December quarter fell by 11% compared to the same period last year. The profit stood at ₹4,076 crore, down from ₹4,591 crore in the previous year's quarter.
Revenue Shows Strong Growth
Despite the profit dip, HCL Tech reported a solid increase in revenue from operations. For Q3 of the financial year 2026, revenue reached ₹33,872 crore. This marks a 13% rise from the ₹29,890 crore recorded in the corresponding quarter of the last financial year.
Investors reacted quickly to the mixed earnings report. The stock market responded with a noticeable sell-off, pushing the share price lower throughout the day. Market analysts are now closely watching the company's performance indicators.
The broader IT sector often faces scrutiny during earnings season. HCL Tech's results highlight the ongoing challenges and opportunities within the industry. The company continues to navigate a complex global business environment.
