IT major HCL Technologies is expected to report a weak set of numbers for the first quarter of FY26, with both revenue and net profit likely to decline on a sequential basis due to seasonal softness in its services and products businesses.
As per analyst estimates tracked by Business Standard, HCL Tech’s revenue for Q1FY26 is expected to remain flat at Rs 30,240.28 crore, reflecting a 0.02 per cent quarter-on-quarter (QoQ) decline. Net profit is likely to fall 3.76 per cent QoQ to Rs 4,145.13 crore, while the year-on-year (YoY) decline is projected at 2.65 per cent. Analysts cited the pass-through impact of productivity resets and subdued services demand as key drags on the company’s performance this quarter.
Margins are also expected to contract, in line with the seasonal decline in services. In the March quarter (Q4FY25), HCL Tech had reported a net profit of Rs 4,309 crore, up 8.1 per cent YoY, while revenue rose 6.13 per cent to Rs 30,246 crore.
Investors will be closely watching HCL’s commentary on deal wins, FY26 guidance, and its outlook on demand across verticals such as BFSI, healthcare, and technology.
Hindustan Copper Plans Rs 2,000-Crore Investment, Global Foray with Codelco
Meanwhile, in a separate development, Sanjeev Kumar Singh, Chairman and Managing Director of Hindustan Copper Ltd (HCL), revealed key growth plans in an exclusive interaction with Zee Business.
According to Singh, Hindustan Copper is Planning a Rs 350 crore capital expenditure in FY2025–26. Set to launch two new copper mines in Jharkhand, both having received forest clearance. Partnering with Chile’s Codelco, the world’s largest copper producer, for technology collaboration and deep exploration projects. Exploring mine development opportunities in Chile with Codelco.
They are also planning to team up with Coal India to invest in global mining ventures. Targeting an overall investment of Rs 2,000 crore over the next six years to increase annual copper production capacity to 12 million tonnes. Singh emphasized that HCL already supplies copper to major Indian manufacturers like Hindalco and Kutch Copper, and the new investments aim to solidify its role in both domestic and international mining ecosystems.
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