Buy Or Sell Opportunity • May 18
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to ₹1,147. The fair value is estimated to be ₹946, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Price Target Changed • Apr 29
Price target decreased by 7.1% to ₹1,451 Down from ₹1,561, the current price target is an average from 41 analysts. New target price is 21% above last closing price of ₹1,200. Stock is down 23% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$0.69 last year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,196, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the IT industry in India. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹838 per share. Declared Dividend • Apr 23
Fourth quarter dividend of ₹24.00 announced Shareholders will receive a dividend of ₹24.00. Ex-date: 24th April 2026 Payment date: 5th May 2026 Dividend yield will be 4.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 22
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: US$0.69 (down from US$0.75 in FY 2025). Revenue: US$14.7b (up 6.0% from FY 2025). Net income: US$1.88b (down 8.0% from FY 2025). Profit margin: 13% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Duyuru • Apr 18
Ateliere Creative Technologies Presents Ateliere Motion At Nab In Collaboration With HCLTechnologies Ateliere Creative Technologies announced it will present its latest platform, Ateliere Motion, at the NAB Show in partnership with HCLTechnologies. The announcement comes at a time when media companies are undergoing significant consolidation of content libraries and operations. Ateliere Motion is designed to address these challenges by providing a scalable, uniform platform for managing and preparing content for distribution. The platform builds on Ateliere's cloud-based approach to media supply chains enabling organizations to organize content, maintain accurate metadata, and support faster delivery to distribution partners. By improving how content is managed and made available, Ateliere Motion supports more efficient operations and helps organizations respond more quickly to distribution opportunities across global platforms. Ateliere will be demonstrating the platform at the HCLTech Hospitality Suite, West Hall – W1072 HS, where attendees can meet with the team to learn more about its capabilities and applications. Duyuru • Mar 24
HCL Technologies Limited to Report Fiscal Year 2026 Results on Apr 21, 2026 HCL Technologies Limited announced that they will report fiscal year 2026 results at 9:08 AM, Indian Standard Time on Apr 21, 2026 Duyuru • Feb 21
HCL Technologies Limited Unveils VisionX 2.0, A Next-Gen Multi-Modal AI Edge Platform with NVIDIA HCLTech unveiled VisionX 2.0, an upgraded version of its multi-modal AI edge platform. This platform delivers real-time intelligence, enhanced safety and operational efficiency at scale for mission-critical industrial environments. VisionX 2.0 builds on HCLTech's Intelligent Secure Edge capabilities, integrating advanced computer vision, vision language models (VLMs), multi-modal fusion and edge-optimized generative AI. It harnesses the NVIDIA physical AI computing stack, including NVIDIA Blueprint for video search and summarization (VSS), NVIDIA DeepStream, NVIDIA Cosmos Reason VLM and NVIDIA TAO for post-training vision models for unparalleled pe ormance. Purpose-built for demanding industrial use cases, VisionX 2.0 introduces several innovations: On-Prem Edge AI Pe ormance.: Real-time inference at the edge via NVIDIA Jetson, NVIDIA RTX PRO 6000 Blackwell GPUs, and Dell NativeEdge deployments. This eliminates bandwidth lenecks, safeguards data privacy, and suppo's sensitive industrial operations. Multi-Modal AIoT Engine. Analyzes video, audio, images, LiDAR, stereo cameras, and IoT telemetry streams to detect events, anomalies, safety violations, and risks with superior accuracy. VSS Event Reviewer for Reliable Verification. Select computer vision clips are sent to Cosmos Reason to detect false positives, engage in additional NLP based reasoning to deliver scene-level insights, and boost decision-making confidence. Zero-Trust Edge Security: Features Zero-Trust architecture and Zero-Touch Provisioning on Dell NativeEdge OS for secure, scalable rollouts across distributed sites. Seamless Integration. Compatible with existing cameras, Video Management Systems (VMS), and sensors via a robust, flexible Integration layer. Declared Dividend • Jan 15
Third quarter dividend of ₹12.00 announced Shareholders will receive a dividend of ₹12.00. Ex-date: 16th January 2026 Payment date: 27th January 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jan 15
HCL Technologies Limited Appoints Sandeep Saxena to Chief Growth Officer HCL Tech announced that it promoted Sandeep Saxena to chief growth officer for Growth Markets 2, as the IT services firm seeks to strengthen its focus on the Indian market. A long-time HCLTech executive, Saxena has been appointed to lead India and other high-potential regions including the Middle East and Africa that come under Growth Markets 2. He will be based in Mumbai and report to chief executive C Vijayakumar, the company said. During his over 25-year-long career at HCLTech, Saxena has held multiple roles across geographies. Most recently, he was head of the retail-CPG, travel, transportation and logistics, energy and natural resources segments for Europe, as well as all non-financial services verticals for France, Italy and Iberia.India was the fastest growing region for the company at 22.1% in the quarter ended December 31, even though it contributed just 3.3% to the company's total business. Saxena was instrumental in the company's multi-year contracts with European energy supplier Equinor in July 2025 and Mondelez International in 2022, among others, according to HCLTech. Reported Earnings • Jan 13
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: US$0.17 (down from US$0.20 in 3Q 2025). Revenue: US$3.79b (up 7.4% from 3Q 2025). Net income: US$455.0m (down 16% from 3Q 2025). Profit margin: 12% (down from 15% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 15
Second quarter dividend of ₹12.00 announced Shareholders will receive a dividend of ₹12.00. Ex-date: 17th October 2025 Payment date: 28th October 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 14
Second quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2026 results: EPS: US$0.18 (down from US$0.19 in 2Q 2025). Revenue: US$3.64b (up 5.8% from 2Q 2025). Net income: US$486.0m (down 4.0% from 2Q 2025). Profit margin: 13% (down from 15% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 23
HCL Technologies Limited to Report Q2, 2026 Results on Oct 13, 2025 HCL Technologies Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 13, 2025 Duyuru • Jul 31
HCL Technologies Limited, Annual General Meeting, Aug 26, 2025 HCL Technologies Limited, Annual General Meeting, Aug 26, 2025, at 11:00 Indian Standard Time. Declared Dividend • Jul 16
First quarter dividend of ₹12.00 announced Shareholders will receive a dividend of ₹12.00. Ex-date: 18th July 2025 Payment date: 28th July 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 15
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$0.17 (down from US$0.18 in 1Q 2025). Revenue: US$3.55b (up 5.4% from 1Q 2025). Net income: US$450.0m (down 9.3% from 1Q 2025). Profit margin: 13% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 20
HCL Technologies Limited to Report Q1, 2026 Results on Jul 14, 2025 HCL Technologies Limited announced that they will report Q1, 2026 results at 9:08 AM, Indian Standard Time on Jul 14, 2025 Price Target Changed • Apr 24
Price target decreased by 7.3% to ₹1,666 Down from ₹1,797, the current price target is an average from 44 analysts. New target price is approximately in line with last closing price of ₹1,587. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of US$0.79 for next year compared to US$0.75 last year. Duyuru • Apr 23
HCL Technologies Limited Declares Interim Dividend for the Financial Year 2025-26, Payable on May 6, 2025 HCL Technologies Limited announced that the Board of Directors has declared an Interim Dividend of INR 18/- per equity share of INR 2/- each of the Company for the Financial Year 2025-26. The Record date for the payment of the aforesaid interim dividend shall be April 28, 2025 and the payment date of the said interim dividend shall be May 6, 2025. Duyuru • Mar 31
HCLTech Public Sector Solutions, Subsidiary of HCLTech, Announces Management Appointments HCLTech announced the launch of a subsidiary in the United States, HCLTech Public Sector Solutions (PSS). The PSS subsidiary elected three members to its board of directors: Arjun Sethi, HCLTech General Counsel Raghu Raman Lakshmanan and HCLTech Chief Marketing Officer Jill Kouri. Sethi was appointed as President and Raman Lakshmanan as Treasurer and Secretary. Duyuru • Mar 24
HCL Technologies Limited to Report Fiscal Year 2025 Results on Apr 22, 2025 HCL Technologies Limited announced that they will report fiscal year 2025 results on Apr 22, 2025 Duyuru • Jan 16
HCL Technologies Limited Announces Reconstitution of the Audit Committee HCL Technologies Limited in its meeting has approved the reconstitution of the Audit Committee ("AC") by co-opting Ms. Lee Fang Chew, Independent Director as a member of the Committee with effect from January 13, 2025. The AC shall continue to comprise of all Independent Directors. The AC composition will consist of Mr. Deepak Kapoor, Ms. Bhavani Balasubramanian, Ms. Lee Fang Chew, Ms. Nishi Vasudeva and Mr. Thomas Sieber. Mr. Deepak Kapoor would continue as the Chairperson of the AC. Declared Dividend • Jan 16
Third quarter dividend of ₹18.00 announced Shareholders will receive a dividend of ₹18.00. Ex-date: 17th January 2025 Payment date: 24th January 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Third quarter 2025 earnings: Revenues and EPS in line with analyst expectations Third quarter 2025 results: EPS: US$0.20 (up from US$0.19 in 3Q 2024). Revenue: US$3.53b (up 3.5% from 3Q 2024). Net income: US$544.1m (up 4.2% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 28
Insider recently sold ₹8.0m worth of stock On the 24th of December, B. Kumar sold around 4k shares on-market at roughly ₹1,913 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹251m. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months. Recent Insider Transactions • Dec 20
Insider recently sold ₹1.3m worth of stock On the 13th of December, Vineet Sood sold around 700 shares on-market at roughly ₹1,897 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹251m. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months. Duyuru • Dec 17
HCL Technologies Limited to Report Q3, 2025 Results on Jan 13, 2025 HCL Technologies Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 13, 2025 Recent Insider Transactions • Dec 10
Insider recently sold ₹1.0m worth of stock On the 3rd of December, Shrikanth Shetty sold around 550 shares on-market at roughly ₹1,875 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹251m. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months. Recent Insider Transactions • Dec 06
Insider recently sold ₹3.7m worth of stock On the 29th of November, Shrikanth Shetty sold around 2k shares on-market at roughly ₹1,836 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹251m. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months. Duyuru • Dec 03
HCL Technologies Limited (NSEI:HCLTECH) completed the acquisition of Communications Technology Group assets of Hewlett Packard Enterprise Company (NYSE:HPE). HCL Technologies Limited (NSEI:HCLTECH) agreed to acquire Communications Technology Group assets of Hewlett Packard Enterprise Company (NYSE:HPE) for approximately $230 million on May 23, 2024. As part of this agreement, approximately 1,500 employees of CTG with telecom industry experience will transfer to HCLTech in various countries-including Spain, Italy, India, Japan and China-to service clients globally. The assets and liabilities to be sold are classified as assets and liabilities held for sale. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 6 to 9 months. The transaction is expected to close in three months period ended 31 December 2024.
HCL Technologies Limited (NSEI:HCLTECH) completed the acquisition of Communications Technology Group assets of Hewlett Packard Enterprise Company (NYSE:HPE) on December 1, 2024. Recent Insider Transactions • Nov 15
Insider recently sold ₹6.0m worth of stock On the 6th of November, Shrikanth Shetty sold around 3k shares on-market at roughly ₹1,812 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹251m. Insiders have been net sellers, collectively disposing of ₹1.3b more than they bought in the last 12 months. Duyuru • Nov 13
HCLTech Appoints Arjun A. Sethi as Chief Growth Officer for Strategic Segments HCLTech announced the appointment of Arjun A. Sethi as Chief Growth Officer for Strategic Segments, focusing on government and global private equity. Based in New York, Sethi will leverage his deep industry experience to bring HCLTech’s engineering-led technology portfolio, digital services and differentiated GenAI solutions to these high-growth segments, drawing on his expertise in digital and business transformation. Sethi joins HCLTech after a 25-year career at Kearney, where he served as Senior Partner and Vice Chair of Digital Transformation. His extensive international experience spans the Americas, Middle East and APAC across government and PE, as well as financial services. Sethi holds a bachelor’s degree in engineering from Motilal Nehru National Institute of Technology, India, and a post-graduate diploma in management from the Indian Institute of Management, Calcutta. Recent Insider Transactions • Oct 20
CEO, MD & Director recently sold ₹251m worth of stock On the 17th of October, ChinnaSwamy VijayaKumar sold around 135k shares on-market at roughly ₹1,854 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. ChinnaSwamy has been a net seller over the last 12 months, reducing personal holdings by ₹248m. Price Target Changed • Oct 15
Price target increased by 7.2% to ₹1,840 Up from ₹1,716, the current price target is an average from 42 analysts. New target price is approximately in line with last closing price of ₹1,870. Stock is up 46% over the past year. The company is forecast to post earnings per share of US$0.76 for next year compared to US$0.70 last year. Duyuru • Oct 15
HCL Technologies Limited Provides Earnings Guidance for the Fiscal Year 2025 HCL Technologies Limited provided earnings guidance for the fiscal year 2025. For the year 2025, the company revised the lower end of its revenue growth guidance for fiscal year 2025 to 3.5%-5% (CC) and maintained EBIT margin guidance at 18%-19% for the period. Duyuru • Oct 14
HCL Technologies Limited Declares an Interim Dividend for the Financial Year 2024-2025, Payable on October 30, 2024 The Board of Directors HCL Technologies Limited has declared an Interim Dividend of INR 12 /- per equity share of INR 2/- each of the Company for the Financial Year 2024-25. The Record date of October 22, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date of the said interim dividend shall be October 30, 2024. Recent Insider Transactions • Sep 18
Insider recently sold ₹36m worth of stock On the 13th of September, Anil Ganjoo sold around 20k shares on-market at roughly ₹1,812 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹64m. Insiders have been net sellers, collectively disposing of ₹828m more than they bought in the last 12 months. Duyuru • Sep 17
HCL Technologies Limited to Report Q2, 2025 Results on Oct 14, 2024 HCL Technologies Limited announced that they will report Q2, 2025 results on Oct 14, 2024 Duyuru • Aug 20
HCL Technologies Limited Approves Chief Financial Officer Changes, Effective September 6, 2024 HCL Technologies Limited at its meeting held on August 18, 2024, after considering the recommendations of the Nomination & Remuneration Committee and the Audit Committee, has appointed Shiv Walia as the Chief Financial Officer (CFO) with effect from the close of business on September 6, 2024. Consequently, Shiv Walia would also be the Key Managerial Personnel of the Company. Shiv Walia started his professional career with HCL in 1993 and served across several finance leadership roles over the last many years. He is currently Corporate Vice President & Global Head of FP&A and Business Finance Operations.Shiv is a graduate in Commerce from SRCC, Delhi, a Cost Accountant and a Chartered Accountant from both India and Australia. Shiv has been with HCLTech since April 1998 and has previously worked in HCL subsidiaries between April 1993 and March 1998. He has over 3 decades of experience performing various leadership roles in the finance function working in India, Singapore, Australia and United Kingdom. Shiv was elevated as Corporate Vice President Finance for HCLTech in April 2024 and is presently responsible for Financial Planning & Accounting, and Business Finance operations including overseeing the Finance operations of acquired entities. Prateek Aggarwal, Chief Financial Officer has resigned from the services of the Company to pursue opportunities outside HCLTech. The Board accepted his resignation in its aforesaid meeting, and he would be holding the CFO position till the close of business on September 6, 2024. The Company thanks Prateek Aggarwal for his contributions during his tenure as the CFO. Recent Insider Transactions • Aug 07
Insider recently sold ₹21m worth of stock On the 31st of July, Rajnesh Avtar sold around 13k shares on-market at roughly ₹1,626 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹133m. Insiders have been net sellers, collectively disposing of ₹648m more than they bought in the last 12 months. New Risk • Jul 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹85m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (₹85m sold). Duyuru • Jul 23
HCL Technologies Limited, Annual General Meeting, Aug 13, 2024 HCL Technologies Limited, Annual General Meeting, Aug 13, 2024, at 11:00 Indian Standard Time. Recent Insider Transactions • Jul 23
Insider recently sold ₹1.6m worth of stock On the 16th of July, Rahul Singh sold around 1k shares on-market at roughly ₹1,567 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹466m more than they bought in the last 12 months. Declared Dividend • Jul 15
First quarter dividend of ₹12.00 announced Shareholders will receive a dividend of ₹12.00. Ex-date: 23rd July 2024 Payment date: 11th August 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 13
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: US$0.18 (up from US$0.16 in 1Q 2024). Revenue: US$3.36b (up 5.1% from 1Q 2024). Net income: US$496.0m (up 15% from 1Q 2024). Profit margin: 15% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 12
HCL Technologies Limited Declares Interim Dividend for the Financial Year 2025, Payable on August 1, 2024 The Board of Directors of HCL Technologies Limited at its Board Meeting held on July 12, 2024, declared an Interim Dividend of INR 12 per equity share of INR 2 each of the Company for the Financial Year 2024-25. The Record date of July 23, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date of the said interim dividend shall be August 1, 2024. Recent Insider Transactions • Jul 02
Insider recently sold ₹4.2m worth of stock On the 24th of June, Jagadeshwar Gattu sold around 3k shares on-market at roughly ₹1,469 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹465m more than they bought in the last 12 months. Recent Insider Transactions • Jun 25
Insider recently sold ₹2.9m worth of stock On the 18th of June, D. Kumar sold around 2k shares on-market at roughly ₹1,436 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹460m more than they bought in the last 12 months. Recent Insider Transactions • Jun 20
Insider recently sold ₹7.7m worth of stock On the 14th of June, Madhumit Dixit sold around 5k shares on-market at roughly ₹1,433 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹468m more than they bought in the last 12 months. Duyuru • Jun 17
HCL Technologies Limited to Report Q1, 2025 Results on Jul 12, 2024 HCL Technologies Limited announced that they will report Q1, 2025 results on Jul 12, 2024 Recent Insider Transactions • Jun 14
Insider recently sold ₹42m worth of stock On the 7th of June, Pankaj Tagra sold around 29k shares on-market at roughly ₹1,424 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹456m more than they bought in the last 12 months. Declared Dividend • Apr 29
Fourth quarter dividend of ₹18.00 announced Shareholders will receive a dividend of ₹18.00. Ex-date: 7th May 2024 Payment date: 26th May 2024 Dividend yield will be 3.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 28% over the next 3 years, which should maintain adequate earnings cover for the dividend. Duyuru • Apr 28
HCL Technologies Limited Provides Earnings Guidance for the Financial Year 2025 HCL Technologies Limited provided earnings guidance for the financial year 2025. For financial year 2025, the company has given a guidance of 3%-5% revenue growth YoY (CC) and EBIT margin at 18%-19%. Reported Earnings • Apr 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.70 (up from US$0.68 in FY 2023). Revenue: US$13.3b (up 5.4% from FY 2023). Net income: US$1.90b (up 3.2% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 27
HCL Technologies Limited Declares an Interim Dividend for the Financial Year 2024-2025, Payment Date Shall Be May 15, 2024 HCL Technologies Limited at the Board of Directors meeting held on April 26, 2024, declared an Interim Dividend of INR 18/- per equity share of INR 2/- each of the Company for the Financial Year 2024-2025. The Record date of May 7, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date of the said interim dividend shall be May 15, 2024. Duyuru • Mar 21
HCL Technologies Limited to Report Fiscal Year 2024 Results on Apr 26, 2024 HCL Technologies Limited announced that they will report fiscal year 2024 results on Apr 26, 2024 Duyuru • Mar 07
HCLTech Launches AI Force to Accelerate Time-to-Value in Software Development and Engineering Lifecycle HCLTech announced the launch of HCLTech AI Force, an innovative GenAI platform that accelerates time-to-value by transforming the software development and engineering lifecycle, delivering greater productivity, improved quality and faster release timelines. The patented GenAI platform is built on Azure OpenAI and can be integrated with Microsoft GitHub Copilot, but is system agnostic. It offers a highly customizable suite of GenAI-based solutions that inject intelligence into every aspect of software development and engineering workflows to improve efficiency and developer experience. Prioritizing responsible AI adoption, HCLTech AI Force integrates robust security and governance measures, fostering secure innovation and growth at scale. With its full-stack application development and engineering expertise and decades of experience in AI, HCLTech is helping clients unlock the best value out of GenAI, from chip development to cloud and business process optimization. Recent Insider Transactions • Feb 20
Insider recently sold ₹1.7m worth of stock On the 14th of February, Goutam Rungta sold around 1k shares on-market at roughly ₹1,675 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹75m. Insiders have been net sellers, collectively disposing of ₹284m more than they bought in the last 12 months. Recent Insider Transactions • Feb 08
Chief Financial Officer recently sold ₹18m worth of stock On the 31st of January, Prateek Aggarwal sold around 12k shares on-market at roughly ₹1,569 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹75m. This was Prateek's only on-market trade for the last 12 months. Duyuru • Jan 15
HCL Technologies Limited Appoints Bhavani Balasubramanian as Independent Director HCL Technologies Limited announced the appointment of Bhavani Balasubramanian as an Independent Director of the company with effect from January 12, 2024. A Chartered Accountant by qualification, Bhavani has over four decades of experience in auditing a variety of clients, including listed companies and multinationals across different industries. She held several leadership positions at Deloitte, including the Audit and Assurance Partner of Deloitte India. She has also served extensively as a member in Deloitte's international councils and working groups. Bhavani serves as an Independent Director on the Boards of other public limited companies. She has served as a member in the Auditing standards Board of the Institute of Chartered accountants of India. She is a fellow member of the Institute of Chartered Accountants of India and a member of the Institute of Company Secretaries of India. Currently, she is a Strategic Consultant in diversity and inclusion. Considering her vast experience, expertise and knowledge, the Board has co-opted her as a member of the Audit and the Risk Management Committees of the Company. Reported Earnings • Jan 13
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.19 (up from US$0.18 in 3Q 2023). Revenue: US$3.42b (up 5.3% from 3Q 2023). Net income: US$522.0m (up 5.0% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 13
HCL Technologies Limited Provides Earnings Guidance for Fiscal Year 2024 HCL Technologies Limited provided earnings guidance for fiscal year 2024 . For the year, company has given constant currency revenue guidance of 5%-5.5%. Duyuru • Jan 12
HCL Technologies Limited Declares Interim Dividend for the Financial Year 2023-2024, Payable on January 31, 2024 HCL Technologies Limited declared an Interim Dividend of INR 12/- per equity share of INR 2/- each of the Company for the Financial Year 2023-2024. The Record date of January 20, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date of the said interim dividend shall be January 31, 2024. Price Target Changed • Jan 05
Price target increased by 7.7% to ₹1,415 Up from ₹1,314, the current price target is an average from 38 analysts. New target price is approximately in line with last closing price of ₹1,433. Stock is up 39% over the past year. The company is forecast to post earnings per share of US$0.70 for next year compared to US$0.68 last year. Recent Insider Transactions • Dec 19
Insider recently sold ₹2.5m worth of stock On the 13th of December, Rahul Singh sold around 2k shares on-market at roughly ₹1,372 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.6m. Insiders have been net sellers, collectively disposing of ₹63m more than they bought in the last 12 months. Duyuru • Dec 16
HCL Technologies Limited to Report Q3, 2024 Results on Jan 12, 2024 HCL Technologies Limited announced that they will report Q3, 2024 results on Jan 12, 2024 Duyuru • Nov 30
HCL Technologies Reportedly to Sell Office Assets in Bengaluru HCL Technologies Limited (NSEI:HCLTECH) planned to sell its office assets in Bengaluru as part of its strategy to monetise non-core real estate assets and streamline operations, said multiple aware of the matter. The software services company is looking to divest its special economic zone campus, situated in the Jigani industrial area, covering 27 acres with a total area of 1.6 million square feet. Duyuru • Nov 23
HCL Technologies Limited Announces the Resignation of Appa Rao VV as Chief Delivery Officer HCL Technologies Limited announced that Mr. Appa Rao VV, Chief Delivery Officer Nearshore & New Vistas locations of the Company and a Senior Management Personnel, has resigned from the services of the Company. His last date with the company would be November 22, 2023. Recent Insider Transactions • Nov 23
Insider recently sold ₹1.5m worth of stock On the 16th of November, Vijay Guntur sold around 1k shares on-market at roughly ₹1,280 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹8.5m. Insiders have been net sellers, collectively disposing of ₹61m more than they bought in the last 12 months. Duyuru • Nov 15
HCLTech Appoints Sonia Eland as Executive Vice President and Country Manager for Australia and New Zealand, Effective April 1, 2024 HCLTech has appointed Sonia Eland as executive vice president and country manager for Australia and New Zealand effective April 1, 2024. In her new role, Sonia will report to Swapan Johri, president, growth markets at HCLTech.Sonia will be based in Sydney and takes over from Michael Horton, who will move into a consulting role after a stint of close to 10 years, during which he helped establish HCLTech as a digital technology services partner in Australia and New Zealand.Sonia brings with her over three decades of experience across a diverse set of industries such as consulting, technology, banking, retail and travel. Prior to joining HCLTech, she was the technology strategy and transformation partner at Deloitte Australia. Recent Insider Transactions • Oct 30
Chief People Officer recently sold ₹2.5m worth of stock On the 25th of October, Ramachandran Sundararajan sold around 2k shares on-market at roughly ₹1,250 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹8.5m. Insiders have been net sellers, collectively disposing of ₹55m more than they bought in the last 12 months. Reported Earnings • Oct 13
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: US$0.17 (up from US$0.16 in 2Q 2023). Revenue: US$3.22b (up 4.6% from 2Q 2023). Net income: US$463.5m (up 6.3% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 27
Insider recently sold ₹1.3m worth of stock On the 20th of September, Vijay Guntur sold around 1k shares on-market at roughly ₹1,300 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹8.5m. Insiders have been net sellers, collectively disposing of ₹53m more than they bought in the last 12 months. Duyuru • Sep 16
HCL Technologies Limited to Report Q2, 2024 Results on Oct 12, 2023 HCL Technologies Limited announced that they will report Q2, 2024 results on Oct 12, 2023 Recent Insider Transactions • Sep 08
Chief People Officer recently sold ₹8.5m worth of stock On the 4th of September, Ramachandran Sundararajan sold around 7k shares on-market at roughly ₹1,201 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹12m. Insiders have been net sellers, collectively disposing of ₹37m more than they bought in the last 12 months. Recent Insider Transactions • Aug 16
Insider recently sold ₹1.2m worth of stock On the 11th of August, Vijay Guntur sold around 1k shares on-market at roughly ₹1,150 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹12m. Insiders have been net sellers, collectively disposing of ₹28m more than they bought in the last 12 months. Duyuru • Jul 26
HCL Technologies Limited, Annual General Meeting, Aug 22, 2023 HCL Technologies Limited, Annual General Meeting, Aug 22, 2023, at 11:00 Indian Standard Time. Recent Insider Transactions • Jul 26
Insider recently sold ₹2.1m worth of stock On the 19th of July, Prahlad Bansal sold around 2k shares on-market at roughly ₹1,163 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹12m. Insiders have been net sellers, collectively disposing of ₹27m more than they bought in the last 12 months. Duyuru • Jul 21
HCL Technologies Limited Retains Revenue Guidance for Fiscal Year 2024 HCL Technologies Limited retained revenue guidance for fiscal year 2024. For the year, the company is retaining revenue guidance. The company expects to meet the guidance based on strong pipeline with a healthy mix of large deals in advanced stage, expecting a strong booking in quarter two. 
