Shares of HCL Technologies slipped more than 2% on Tuesday after the IT services firm reported a double-digit decline in consolidated net profit for the October–December quarter of FY26.  

The stock fell 2.49% to ₹1,626.40 on the BSE and declined by the same margin to ₹1,626 on the NSE. 

Shares of the IT services company pared some of the losses. At 11:05 AM on Tuesday, HCL Tech shares were 0.5% down at ₹1,659.20 on the BSE.  The two key domestic indices, BSE and NSE, were trading in the red. 

HCLTech on Monday posted an 11.2% year-on-year decline in consolidated net profit to ₹4,082 crore for the third quarter ended December 31, 2025, compared with ₹4,594 crore in the corresponding quarter of the previous fiscal year.  

Despite the drop in profit, the company reported strong revenue growth. Consolidated revenue for the quarter rose 13.3% to ₹33,872 crore from ₹29,890 crore in Q3 FY25.  

The company attributed the contraction in profit primarily to a one-time exceptional charge. HCLTech recorded a provision of ₹956 crore following the implementation of India’s New Labour Codes, effective November 21, 2025. As per accounting standards, the legislative change required the immediate recognition of past service costs related to employee benefits in the current reporting period.  

Along with its quarterly results, HCLTech announced an interim dividend of ₹12 per equity share for FY26. The record date for determining shareholder eligibility has been fixed as January 16, with the dividend scheduled to be paid on January 27.  

As of December 31, 2025, the company’s total headcount stood at 2,26,379 employees. HCLTech reported a net reduction of 261 employees during the quarter, although it added 2,852 freshers in Q3 FY26. The last-twelve-month attrition rate improved to 12.4%, compared with 13.2% a year earlier.  

For the full financial year 2026, HCLTech maintained its revenue growth guidance of 4% to 4.5% in constant currency terms and an EBIT margin outlook of 17% to 18%. 

Meanwhile, in a release on Monday, HCLTech said that it has entered a multi-year partnership to design, build and manage a future-ready IT infrastructure for The Magnum Ice Cream Company, the world’s largest ice cream company. In the coming years, HCLTech will deploy its AI Force platform to embed AI across The Magnum Ice Cream Company's digital infrastructure.