The IT firm's revenue from operations climbed 13.32 per cent to Rs 33,872 crore in Q3 FY26 compared to Rs 29,890 crore in the corresponding period last year.
HCL Technologies will announce its Q3 results today, with the Street expecting a strong performance compared to its peers. Analysts estimate revenue growth of 11–12% year-on-year and net profit growth of 5–9%, supported by healthy deal wins and improving execution. EBIT margins are seen rising by around 100 basis points sequentially, with investor focus on progress toward the 18–19% target band. Axis Securities expects revenue of ₹33,395 crore, profit of ₹4,995 crore and margins at a robust 19.1%. Kotak sees revenue at ₹33,338 crore and profit at ₹4,835 crore. Key monitorables include the deal pipeline, conversion timelines, discretionary IT spending, enterprise GenAI adoption and returns from investments in engineering and R&D, which could keep HCL Tech ahead of larger rivals.
HCL Tech Q3 results: Analysts also said investors would track commentary on discretionary spending, the pace of enterprise GenAI adoption and new opportunities arising from AI adoption.
Stocks including TCS, Vedanta, Mahindra & Mahindra, IREDA, DMart, NTPC, Shriram Finance, ICICI Lombard GIC, Akzo Nobel and more will be in the spotlight on Monday, January 12.
Nifty closed 38 points lower at 26,140. Sensex too fell 102 points to end at 84,961.
Shares of Reliance Industries Ltd were among the top losers, closing 4.42% lower at Rs 1507.70 in the current session.
Nirmal Bang expects the Indian IT sector's third-quarter results to reflect muted revenue growth, with Tier-I companies likely to report flat constant currency growth
HDFC Bank stock emerged as top loser on the Sensex, falling 2.35% to Rs 977.70 followed by Infosys (2.09%), HCL Technologies (2.08%), Bajaj Finance (1.21%), TCS (1.09%) and Reliance Industries (0.94%).
The Indian IT sector is entering Q3FY26 result season amid cautious optimism, with expectations of a gradual recovery led by steady deal momentum, AI-led digital transformation.
An analyst from Arihant Capital said that HCL Technologies has taken support at the 50-days SMA (Rs 1,613) on the daily charts and has given a positive close above it.
Brokerage firms believe that the Q3FY26 is likely to remain muted on considering the seasonality but one should look at the management outlook and commentary for the entire year 2026.
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