Interim report
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HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 120 4306000 Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India January 12, 2026 The General Manager BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001 BSE Scrip Code: 532281 The Manager National Stock Exchange of India Limited Listing Department Exchange Plaza 5th Floor, Plot No. C-1, Block-G Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 NSE Scrip Code: HCLTECH Sub.: Un-audited Financial Results for the quarter and nine months ended December 31, 2025 Dear Sir/Madam, 1. The Board of Directors has today approved the un-audited (Consolidated & Standalone) Financial results of the Company for the quarter and nine months ended December 31, 2025. The Financial Results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with declaration prescribed under these regulations are enclosed at Annexure- A. 2. The Limited Review Reports on the aforesaid Consolidated & Standalone Financial results of the Company are enclosed at Annexure- B. 3. The Board of Directors has declared an Interim Dividend of Rs. 12/- per equity share of Rs. 2/- each of the Company for the Financial Year 2025-26. The Record date for the payment of the aforesaid interim dividend shall be January 16, 2026, and the payment date of the said interim dividend shall be January 27, 2026. The Board Meeting commenced at 01:00 PM (IST) and concluded at 4:30 PM (IST) on January 12, 2026. Thanking you, For HCL Technologies Limited Manish Anand Company Secretary Encl.: a/a
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com: Telephone: +9111 26436336; Email: investors@hcltech.com Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31December 30 September 31December 31December 31December 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 33,872 31,942 29,890 96,163 86,809 Other income 385 415 477 1,208 2,036 Total income 34,257 32,357 30,367 97,371 88,845 II Expenses Purchase of stock-in-trade 841 628 578 1,996 1,462 Oumges in inventories of stock-in-trade (69) (8) 66 (96) 77 Employee benefits expense 18,867 18,301 16,576 54,766 49,509 Outsourcing costs 4,775 4,475 3,874 13,388 11,163 Finance costs 205 215 166 629 488 Depreciation and amortization expense 1,127 1,043 1,039 3,263 3,044 Other expenses 2,046 2,001 1,936 6,069 5,576 Total expenses 27,792 26,655 24,235 80,D15 71,319 III Profit before exceptional item and tax 6,465 5,702 6,132 17,356 17,526 IV Exceptional Item One time impact of New Labour Codes (refer note 3) 956 - - 956 - V Profit before tax 5,509 5,702 6,132 16,400 17,526 VI Tax expense Current tax 1,376 1,389 1,229 4,046 3,672 Deferred tax charge 51 77 309 192 764 Total tax expense 1,427 1,466 1,538 4,238 4,436 VII Profit for the period/ year 4,082 4,236 4,594 12,162 13,D90 VIII Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss 44 (36) (4) 12 (55) gp. · Income tax relating to items that will not be reclassified to statement (11) 10 (1) 1 36 profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 578 812 (382) 2,530 87 (ii) Income tax relating to items that will be reclassified to statement of 23 160 (27) 250 45 profit and loss Total other comprehensive income (loss), net of tax 634 946 (414) 2,793 113 IX Total comprehensive income for the period/year 4,716 5,182 4,180 14,955 13,203 Profit (loss) for the period/ year attributable to Owners of the Company 4,076 4,235 4,591 12,154 13,083 Non-controlling interest 6 1 3 8 7 4,082 4,236 4,594 12,162 13,D90 Other comprehensive income (loss) for the period/ year attributable to Owners of the Company 634 945 (414) 2,791 113 Non-controlling interest - 1 - 2 - 634 946 (414) 2,793 113 Total comprehensive income (loss) for the period/year attributable to Owners of the Company 4,710 5,180 4,177 14,945 13,196 Non-controlling interest 6 2 3 10 7 4,716 5,182 4,180 14,955 13,203 Paid-up equity share capital (Face value 'I 2 each) 543 543 543 543 543 Other equity attributable to owners of the Company Earnings per equity share of 'I 2 each Basic (in 't) 15.06 15.63 16.94 44.88 48.26 Diluted (in 't) 15.05 15.61 16.93 44.82 48.23 Dividend per equity share of 'I 2 each Interim dividend paid (in 'I) 12 12 12 42 42 Special interim dividend paid (in 't) - - - - - Total dividend paid (in 't) 12 12 12 42 42 ('tincrores) PreviOUB year ended 31March 2025 (Audited) 117,055 2,485 119,540 1,976 52 66,755 15,162 644 4,084 7,606 96,279 23,261 - 23,261 5,161 701 5,862 17,399 (1) 20 681 5 705 18,104 17,390 9 17,399 704 1 705 18,094 10 18,104 543 69,112 64.16 64.09 54 6 60
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com: Telephone: +9111 26436336; Email: investors@hcltech.com Segment Information of Consolidated Financial Results as per Ind AS : Three months ended Nine months ended Particulars 31December 30 September 31December 31 December 31December 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations from external customers IT and Business Services 24,504 23,693 21,803 70,651 64,252 Engineering and R&D services 5,676 5,423 4,798 16,273 13,798 HCL Software 3,692 2,826 3,289 9,239 8,759 Total 33,872 31,942 29,890 96,163 86,809 Inter-segment revenue IT and Business Services 1 - - 1 - Engineering and R&D services 3 - - 3 - HCL Software 99 97 98 301 282 Total 103 97 98 305 282 Segment revenues IT and Business Services 24,505 23,693 21,803 70,652 64,252 Engineering and R&D services 5,679 5,423 4,798 16,276 13,798 HCL Software 3,791 2,923 3,387 9,540 9,041 Inter-segment elimination (103) (97) (98) (305) (282) Total 33,872 31,942 29,890 96,163 86,809 Segment results IT and Business Services 4,016 3,832 3,752 11,241 11,018 Engineering and R&D services 943 944 901 2,803 2,487 HCL Software 1,326 774 1,168 2,733 2,473 Total 6,285 5,550 5,821 16,777 15,978 One-time impact of New Labour Codes (956) - - (956) - Unallocable expenses (205) (268) (159) (629) (397) Other income 385 420 470 1,208 1,945 Profit before tax 5,509 5,702 6,132 16,400 17,526 Tax expense (1,427) (1,466) (1,538) (4,238) (4,436) Profit for the period/ year 4,082 4,236 4,594 12,162 13,090 Note: (1' in crores) Previousdear ende 31 March 2025 (Audited) 86,438 18,960 11,657 117,055 - - 392 392 86,438 18,960 12,049 (392) 117,055 14,7% 3,415 3,209 21,420 - (558) 2,399 23,261 (5,862) 17,399 Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities.
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HCL TECHNOLOGIES LIMITED Corporate Identity Number : L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com: Telephone: +9111 26436336; Email: investors@hcltech.com Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31December 30 September 31December 31December 31December 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 15,239 13,829 13,274 42,141 37,673 Other income 291 325 344 960 949 Total income 15,530 14,154 13,618 43,101 38,622 II Expenses Purchase of stock-in-trade 36 28 27 92 92 Otanges in inventories of stock-in-trade (5) (6) (1) (4) 15 Employee benefits expense 6,483 6,302 5,648 18,831 16,554 Outsourcing costs 2,389 2,394 1,767 6,716 5,219 Finance costs 63 78 38 214 115 Depreciation and amortization expense 630 560 613 1,761 1,743 Other expenses 946 879 846 2,711 2,487 Total expenses 10,542 10,235 8,938 30,321 26,225 III Profit before exceptional item and tax 4,988 3,919 4,680 12,780 12,397 IV Exceptional Item One-time impact of New Labour Codes (refer note 3) 948 - - 948 - V Profit before tax 4,()40 3,919 4,680 11,832 12,397 VI Tax expense Current tax 981 1,185 784 3,069 2,317 Deferred tax charge 77 77 370 236 859 Total tax expense 1,()58 1,262 1,154 3,305 3,176 VII Profit for the period/ year 2,982 2,657 3,526 8,527 9,221 VIII Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss 43 (37) 1 6 (48) (ii) Income tax rela~· to items that will not be reclassified to (11) 10 (1) 1 36 statement of profit an loss (B) (i) Items that will be reclassified to statement of profit and loss (86) (624) 97 (950) (289) (ii) Income tax rela~· to items that will be reclassified to 23 160 (27) 250 45 statement of profit an loss Total other comprehensive income (loss), net of tax (31) (491) 70 (693) (256) IX Total comprehensive income for the period/ year 2,951 2,166 3,596 7,834 8,965 Paid-up equity share capital (Face value 't 2 each) 543 543 543 543 543 Other equity Earnings per equity share of 't 2 each Basic (in 't) 11.02 9.81 13.01 31.49 34.01 Diluted (in 't) 11.01 9.80 13.00 31.45 33.99 Dividend per equity share of 't 2 each Interim dividend paid (in 't) 12 12 12 42 42 Special interim dividend paid (in 't) - - - - - Total dividend paid (in 't) 12 12 12 42 42 ('t in crores) Previous/ear ende 31 March 2025 (Audited) 51,105 1,234 52,339 133 13 22,414 7,437 156 2,320 3,392 35,865 16,474 - 16,474 3,344 864 4,208 12,266 6 20 (112) 5 (81) 12,185 543 34,397 45.25 45.21 54 6 60
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Naida 201 304, U.P., India Website: www.hcltech.com; Telephone: +9111 26436336; Email: investors@hcltech.com Notes: 1 The consolidated and the standalone financial results for the three and nine months ended 31 December 2025 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 12 January 2026. The statutory auditors have issued unmodified review report on these results . 2 The Board of Directors at its meeting held on 12 January 2026 has declared an interim dividend of 'r 12 per share . 3 One-time impact of New Labour Codes : Effective 21 November 2025, The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the 'New Labour Codes'. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit and Loss. The New Labour Codes has resulted in estimated one time increase in provision for employee benefits of the Group and the Company of 'r 956 crores and 'r 948 crores, respectively and the same has been recognized as an employee benefit expense in the current reporting period. The Government is in the process of notifying related rules to the New Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 4 Acquisition of Teko Solutions Business from Hewlett Packard Enterprise (HPE): On 18 December 2025, the Group has signed a definitive agreement to carve-out and acquire Telco Solutions Business from HPE for 'r 1,438 crores ($160 million), including 'r 135 crores ($15 million) incentive payable based on performance. This deal will further strengthen the Group's Engineering and AI-led Network propositions to Global Communication Service Providers (CSPs). Through this acquisition, the Group will acquire intellectual property (IP), product engineering and R&D talent and customer relationships with CSPs. The transaction is subject to receipt of applicable regulatory approvals and completion of other customary closing conditions and is expected to close in six months . 5 Acquisition of Jaspersoft, a business unit of Cloud Software Group (CSG) : On 22 December 2025, the Group has signed a definitive agreement to carve-out and acquire Jaspersoft, a business unit of CSG providing a leading embedded analytics and pixel-perfect reporting platform, for 'r 2,157 crores ($240 million). Through this acquisition, the Group will acquire a comprehensive business intelligence and reporting platform and a large, global developer community comprised of data engineers and architects. The transaction is subject to receipt of applicable regulatory approvals and completion of other customary closing conditions and is expected to close in six months . 6 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable . 7 As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results . By the order of the Board of Directors for HCL Technologies Limited ROSHNI ~;l'i~~i~;l~:.'ty NA DAR MALHOTRA MALHOTRA ~:~•;;~2:0~~3~~ Roshni Nadar Malhotra Chairperson DIN - 02346621 Noida (UP), India 12 January 2026 VIJA YA Digitally signed by KUMAR VIJAYA KUMAR CHINNASWAMY CHINNASWAM Date:2026.01.12 Y 16:34:52 +05'30' C. Vijayakumar Chief Executive Officer and Managing Director DIN - 09244485 SHIV KUMAR WALIA Digitally signed by SHIV KUMAR WALIA Date: 2026.01.12 16:33:35 +05'30' ShivWalia Chief Financial Officer
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B S R & Co. LLPChartered AccountantsBuilding No. 10, 12th Floor, Tower-CDLF Cyber City, Phase - IIGurugram - 122 002, IndiaTel: +91 124 719 1000Fax: +91 124 235 8613 Registered Office:B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 201314th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063Page 1 of 9 Limited Review Report on unaudited consolidated financial results of HCL Technologies Limited for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amendedTo the Board of Directors of HCL Technologies Limited1. We have reviewed the accompanying Statement of unaudited consolidated financial results of HCL Technologies Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.4. The Statement includes the results of the entities mentioned in Annexure I to the Statement:
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 2 of 9 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.For B S R & Co. LLPChartered AccountantsFirm’s Registration No.:101248W/W-100022Rakesh DewanPartnerGurugramMembership No.: 09221212 January 2026UDIN:26092212AOGTEX3796
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 3 of 9 Annexure IList of entities included in unaudited consolidated financial results.Sr. No Name of component Relationship1 HCL Technologies Limited Parent2 Actian Australia Pty. Limited Subsidiary3 Actian Corporation Subsidiary4 Actian Europe Limited Subsidiary5 Actian France SAS Subsidiary6 Actian Germany GmbH Subsidiary7Actian International, Inc. (merged with Actian Corporation effective December 1, 2025)Subsidiary8 Actian Technology Private Limited Subsidiary9 Anzospan Investments Pty Limited Subsidiary10 Axon Group Limited Subsidiary11 Axon Solutions Limited Subsidiary12 Butler America Aerospace LLC Subsidiary13 C3i Europe Eood Subsidiary14 C3i Japan GK Subsidiary15 C3i Services & Technologies (Dalian) Co., Ltd Subsidiary16 C3i Support Services Private Limited Subsidiary17 Confinale (Deutschland) GmbH Subsidiary18 Confinale (UK) Limited Subsidiary19HCL Technologies Switzerland AG (Formerly " Confinale AG") Subsidiary
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 4 of 9 Sr. No Name of component Relationship20 DWS (New Zealand) Ltd. Subsidiary21 DWS (NSW) Pty Ltd Subsidiary22 DWS Pty Limited Subsidiary23 Filial Espanola De HCL Technologies S.L Subsidiary24 Geometric Americas, Inc. Subsidiary25 Geometric Europe GmbH Subsidiary26 H C L Technologies Lanka (Private) Limited Subsidiary27 HCL (Brazil) Tecnologia da Informacao LTDA Subsidiary28 HCL (Ireland) Information Systems Limited Subsidiary29 HCL (New Zealand) Limited Subsidiary30 HCL America Inc. Subsidiary31 HCL America Solutions Inc. Subsidiary32 HCL Arabia LLC Subsidiary33 HCL Argentina S.A. Subsidiary34 HCL ASIA PACIFIC PTE. LTD. Subsidiary35 HCL Australia Services Pty. Ltd. Subsidiary36 HCL Axon Solutions (Shanghai) Co. Limited Subsidiary37 HCL Bermuda Limited Subsidiary38 HCL Canada Inc. Subsidiary39 HCL Comnet Systems & Services Limited Subsidiary40 HCL EAS Limited Subsidiary
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 5 of 9 Sr. No Name of component Relationship41 HCL Great Britain Ltd. Subsidiary42 HCL Guatemala, Sociedad Anonima Subsidiary43 HCL Hong Kong SAR Limited Subsidiary44 HCL Insurance BPO Services Limited Subsidiary45 HCL Investments (UK) Limited Subsidiary46 HCL Istanbul Bilisim Teknolojileri Limited Sirketi Subsidiary47 HCL Japan Limited Subsidiary48 HCL Latin America Holding LLC Subsidiary49 HCL Lending Solutions, LLC Subsidiary50 HCL Muscat Technology LLC Subsidiary51 HCL Poland Sp.z.o.o Subsidiary52 HCL Singapore Pte. Limited Subsidiary53 HCL Software Products Limited Subsidiary54 HCL Technologies (PTY) Ltd. Subsidiary55 HCL Technologies (Shanghai) Limited Subsidiary56 HCL Technologies (Taiwan) Ltd. Subsidiary57 HCL Technologies (Thailand) Ltd. Subsidiary58 HCL Technologies Angola (SU), LDA Subsidiary59 HCL Technologies Austria GmbH Subsidiary60 HCL Technologies Azerbaijan Limited Liability Company Subsidiary61 HCL Technologies B.V. Subsidiary
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 6 of 9 Sr. No Name of component Relationship62 HCL Technologies Bahrain W.L.L Subsidiary63 HCL Technologies (Beijing) Co., Ltd Subsidiary64 HCL Technologies Belgium BV Subsidiary65 HCL Technologies Bulgaria EooD Subsidiary66 HCL Technologies Chile SPA Subsidiary67 HCL Technologies Columbia S.A.S Subsidiary68 HCL Technologies Corporate Services Limited Subsidiary69HCL Technologies Costa Rica Sociedad De Responsabilidad LimitadaSubsidiary70 HCL Technologies Czech Republic s.r.o. Subsidiary71 HCL Technologies Denmark Aps Subsidiary72 HCL Technologies Egypt Limited Subsidiary73 HCL Technologies Estonia OÜ Subsidiary74 HCL Technologies Finland Oy Subsidiary75 HCL Technologies France SAS Subsidiary76 HCL Technologies gbs GmbH Subsidiary77 HCL Technologies Germany GmbH Subsidiary78 HCL Technologies Greece Single Member P.C Subsidiary79 HCL Technologies Italy S.P.A Subsidiary80 HCL Technologies Lithuania UAB Subsidiary81 HCL Technologies Luxembourg S.a r.l Subsidiary
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 7 of 9 Sr. No Name of component Relationship82 HCL Technologies Malaysia Sdn. Bhd. Subsidiary83 HCL Technologies Mexico S.De.R.L.De.C.V Subsidiary84 HCL Technologies Middle East FZ-LLC Subsidiary85 HCL Technologies Morocco Limited Subsidiary86 HCL Technologies Norway AS Subsidiary87 HCL Technologies Philippines Inc. Subsidiary88 HCL Technologies Romania s.r.l. Subsidiary89 HCL Technologies S.A.C. Subsidiary90 HCL Technologies Slovakia s. r. o. Subsidiary91 HCL Technologies Solutions GmbH Subsidiary92 HCL Technologies South Africa (Proprietary) Limited Subsidiary93 HCL Technologies Starschema Kft. Subsidiary94 HCL Technologies Sweden AB Subsidiary95 HCL Technologies Trinidad and Tobago Limited Subsidiary96 HCL Technologies UK Limited Subsidiary97 HCL Technologies Vietnam Company Limited Subsidiary98 HCL Technologies S.A. Subsidiary99 HCL Training & Staffing Services Private Limited Subsidiary100 HCL Vietnam Company Limited Subsidiary101 Phoenix IT & T Consulting Pty Ltd Subsidiary102 Projects Assured Pty Ltd Subsidiary
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 8 of 9 Sr. No Name of component Relationship103 PT. HCL Technologies Indonesia Subsidiary104 Quest Informatics Private Limited Subsidiary105 Sankalp Semiconductor Inc. Subsidiary106 Sankalp Semiconductor Private Limited Subsidiary107 Starschema Inc Subsidiary108 Symplicit Pty Ltd Subsidiary109 Versant GmbH Subsidiary110 Wallis Nominees (Computing) Pty Ltd Subsidiary111 HCL Technologies Stock Options Trust Controlled Trust112 ASAP Holding GmbH Subsidiary113 ASAP Engineering GmbH Subsidiary114 ASAP Engineering GmbH, Gaimersheim Subsidiary115 ASAP Engineering GmbH, Russelsheim Subsidiary116 ASAP Electronics GmbH Subsidiary117 ASAP Engineering GmbH, Weyhausen Subsidiary118 ASAP Engineering GmbH, Friedrichshafen Subsidiary119 ASAP Quality Consulting GmbH Subsidiary120 FIDUS Personal GmbH Subsidiary121Dicturus Grundstücksverwaltungsgesellschaft GmbH & Co. VermieSubsidiary122 HCL Technologies Holding UK Limited Subsidiary
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B S R & Co. LLPLimited Review Report (Continued)HCL Technologies Limited Page 9 of 9 Sr. No Name of component Relationship123 Zeenea SAS Subsidiary124 HCLTech Public Sector Solutions Inc. Subsidiary
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B S R & Co. LLPChartered AccountantsBuilding No. 10, 12th Floor, Tower-CDLF Cyber City, Phase - IIGurugram - 122 002, IndiaTel: +91 124 719 1000Fax: +91 124 235 8613 Registered Office:B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 201314th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063Page 1 of 1 Limited Review Report on unaudited standalone financial results of HCL Technologies Limited for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amendedTo the Board of Directors of HCL Technologies Limited1. We have reviewed the accompanying Statement of unaudited standalone financial results of HCL Technologies Limited (hereinafter referred to as “the Company”) for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 (“the Statement”).2. This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.For B S R & Co. LLPChartered AccountantsFirm’s Registration No.:101248W/W-100022Rakesh DewanPartnerGurugramMembership No.: 09221212 January 2026UDIN:26092212NENOFE5685
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com: Telephone: +9111 26436336; Email: investors@hcltech.com Consolidated Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31December 30 September 31December 31December 31December 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 33,872 31,942 29,890 96,163 86,809 Other income 385 415 477 1,208 2,036 Total income 34,257 32,357 30,367 97,371 88,845 II Expenses Purchase of stock-in-trade 841 628 578 1,996 1,462 Oumges in inventories of stock-in-trade (69) (8) 66 (96) 77 Employee benefits expense 18,867 18,301 16,576 54,766 49,509 Outsourcing costs 4,775 4,475 3,874 13,388 11,163 Finance costs 205 215 166 629 488 Depreciation and amortization expense 1,127 1,043 1,039 3,263 3,044 Other expenses 2,046 2,001 1,936 6,069 5,576 Total expenses 27,792 26,655 24,235 80,D15 71,319 III Profit before exceptional item and tax 6,465 5,702 6,132 17,356 17,526 IV Exceptional Item One time impact of New Labour Codes (refer note 3) 956 - - 956 - V Profit before tax 5,509 5,702 6,132 16,400 17,526 VI Tax expense Current tax 1,376 1,389 1,229 4,046 3,672 Deferred tax charge 51 77 309 192 764 Total tax expense 1,427 1,466 1,538 4,238 4,436 VII Profit for the period/ year 4,082 4,236 4,594 12,162 13,D90 VIII Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss 44 (36) (4) 12 (55) gp. · Income tax relating to items that will not be reclassified to statement (11) 10 (1) 1 36 profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 578 812 (382) 2,530 87 (ii) Income tax relating to items that will be reclassified to statement of 23 160 (27) 250 45 profit and loss Total other comprehensive income (loss), net of tax 634 946 (414) 2,793 113 IX Total comprehensive income for the period/year 4,716 5,182 4,180 14,955 13,203 Profit (loss) for the period/ year attributable to Owners of the Company 4,076 4,235 4,591 12,154 13,083 Non-controlling interest 6 1 3 8 7 4,082 4,236 4,594 12,162 13,D90 Other comprehensive income (loss) for the period/ year attributable to Owners of the Company 634 945 (414) 2,791 113 Non-controlling interest - 1 - 2 - 634 946 (414) 2,793 113 Total comprehensive income (loss) for the period/year attributable to Owners of the Company 4,710 5,180 4,177 14,945 13,196 Non-controlling interest 6 2 3 10 7 4,716 5,182 4,180 14,955 13,203 Paid-up equity share capital (Face value 'I 2 each) 543 543 543 543 543 Other equity attributable to owners of the Company Earnings per equity share of 'I 2 each Basic (in 't) 15.06 15.63 16.94 44.88 48.26 Diluted (in 't) 15.05 15.61 16.93 44.82 48.23 Dividend per equity share of 'I 2 each Interim dividend paid (in 'I) 12 12 12 42 42 Special interim dividend paid (in 't) - - - - - Total dividend paid (in 't) 12 12 12 42 42 ('tincrores) PreviOUB year ended 31March 2025 (Audited) 117,055 2,485 119,540 1,976 52 66,755 15,162 644 4,084 7,606 96,279 23,261 - 23,261 5,161 701 5,862 17,399 (1) 20 681 5 705 18,104 17,390 9 17,399 704 1 705 18,094 10 18,104 543 69,112 64.16 64.09 54 6 60
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com: Telephone: +9111 26436336; Email: investors@hcltech.com Segment Information of Consolidated Financial Results as per Ind AS : Three months ended Nine months ended Particulars 31December 30 September 31December 31 December 31December 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations from external customers IT and Business Services 24,504 23,693 21,803 70,651 64,252 Engineering and R&D services 5,676 5,423 4,798 16,273 13,798 HCL Software 3,692 2,826 3,289 9,239 8,759 Total 33,872 31,942 29,890 96,163 86,809 Inter-segment revenue IT and Business Services 1 - - 1 - Engineering and R&D services 3 - - 3 - HCL Software 99 97 98 301 282 Total 103 97 98 305 282 Segment revenues IT and Business Services 24,505 23,693 21,803 70,652 64,252 Engineering and R&D services 5,679 5,423 4,798 16,276 13,798 HCL Software 3,791 2,923 3,387 9,540 9,041 Inter-segment elimination (103) (97) (98) (305) (282) Total 33,872 31,942 29,890 96,163 86,809 Segment results IT and Business Services 4,016 3,832 3,752 11,241 11,018 Engineering and R&D services 943 944 901 2,803 2,487 HCL Software 1,326 774 1,168 2,733 2,473 Total 6,285 5,550 5,821 16,777 15,978 One-time impact of New Labour Codes (956) - - (956) - Unallocable expenses (205) (268) (159) (629) (397) Other income 385 420 470 1,208 1,945 Profit before tax 5,509 5,702 6,132 16,400 17,526 Tax expense (1,427) (1,466) (1,538) (4,238) (4,436) Profit for the period/ year 4,082 4,236 4,594 12,162 13,090 Note: (1' in crores) Previousdear ende 31 March 2025 (Audited) 86,438 18,960 11,657 117,055 - - 392 392 86,438 18,960 12,049 (392) 117,055 14,7% 3,415 3,209 21,420 - (558) 2,399 23,261 (5,862) 17,399 Assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to total assets and liabilities.
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HCL TECHNOLOGIES LIMITED Corporate Identity Number : L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office : Plot No. 3A, Sector 126, Noida 201 304, U.P., India Website: www.hcltech.com: Telephone: +9111 26436336; Email: investors@hcltech.com Standalone Statement of Financial Results of HCL Technologies Limited as per Ind AS: Three months ended Nine months ended Particulars 31December 30 September 31December 31December 31December 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 15,239 13,829 13,274 42,141 37,673 Other income 291 325 344 960 949 Total income 15,530 14,154 13,618 43,101 38,622 II Expenses Purchase of stock-in-trade 36 28 27 92 92 Otanges in inventories of stock-in-trade (5) (6) (1) (4) 15 Employee benefits expense 6,483 6,302 5,648 18,831 16,554 Outsourcing costs 2,389 2,394 1,767 6,716 5,219 Finance costs 63 78 38 214 115 Depreciation and amortization expense 630 560 613 1,761 1,743 Other expenses 946 879 846 2,711 2,487 Total expenses 10,542 10,235 8,938 30,321 26,225 III Profit before exceptional item and tax 4,988 3,919 4,680 12,780 12,397 IV Exceptional Item One-time impact of New Labour Codes (refer note 3) 948 - - 948 - V Profit before tax 4,()40 3,919 4,680 11,832 12,397 VI Tax expense Current tax 981 1,185 784 3,069 2,317 Deferred tax charge 77 77 370 236 859 Total tax expense 1,()58 1,262 1,154 3,305 3,176 VII Profit for the period/ year 2,982 2,657 3,526 8,527 9,221 VIII Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss 43 (37) 1 6 (48) (ii) Income tax rela~· to items that will not be reclassified to (11) 10 (1) 1 36 statement of profit an loss (B) (i) Items that will be reclassified to statement of profit and loss (86) (624) 97 (950) (289) (ii) Income tax rela~· to items that will be reclassified to 23 160 (27) 250 45 statement of profit an loss Total other comprehensive income (loss), net of tax (31) (491) 70 (693) (256) IX Total comprehensive income for the period/ year 2,951 2,166 3,596 7,834 8,965 Paid-up equity share capital (Face value 't 2 each) 543 543 543 543 543 Other equity Earnings per equity share of 't 2 each Basic (in 't) 11.02 9.81 13.01 31.49 34.01 Diluted (in 't) 11.01 9.80 13.00 31.45 33.99 Dividend per equity share of 't 2 each Interim dividend paid (in 't) 12 12 12 42 42 Special interim dividend paid (in 't) - - - - - Total dividend paid (in 't) 12 12 12 42 42 ('t in crores) Previous/ear ende 31 March 2025 (Audited) 51,105 1,234 52,339 133 13 22,414 7,437 156 2,320 3,392 35,865 16,474 - 16,474 3,344 864 4,208 12,266 6 20 (112) 5 (81) 12,185 543 34,397 45.25 45.21 54 6 60
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806, Siddharth, 96 Nehru Place, New Delhi, 110 019 Corporate Office: Plot No. 3A, Sector 126, Naida 201 304, U.P., India Website: www.hcltech.com; Telephone: +9111 26436336; Email: investors@hcltech.com Notes: 1 The consolidated and the standalone financial results for the three and nine months ended 31 December 2025 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 12 January 2026. The statutory auditors have issued unmodified review report on these results . 2 The Board of Directors at its meeting held on 12 January 2026 has declared an interim dividend of 'r 12 per share . 3 One-time impact of New Labour Codes : Effective 21 November 2025, The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the 'New Labour Codes'. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit and Loss. The New Labour Codes has resulted in estimated one time increase in provision for employee benefits of the Group and the Company of 'r 956 crores and 'r 948 crores, respectively and the same has been recognized as an employee benefit expense in the current reporting period. The Government is in the process of notifying related rules to the New Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 4 Acquisition of Teko Solutions Business from Hewlett Packard Enterprise (HPE): On 18 December 2025, the Group has signed a definitive agreement to carve-out and acquire Telco Solutions Business from HPE for 'r 1,438 crores ($160 million), including 'r 135 crores ($15 million) incentive payable based on performance. This deal will further strengthen the Group's Engineering and AI-led Network propositions to Global Communication Service Providers (CSPs). Through this acquisition, the Group will acquire intellectual property (IP), product engineering and R&D talent and customer relationships with CSPs. The transaction is subject to receipt of applicable regulatory approvals and completion of other customary closing conditions and is expected to close in six months . 5 Acquisition of Jaspersoft, a business unit of Cloud Software Group (CSG) : On 22 December 2025, the Group has signed a definitive agreement to carve-out and acquire Jaspersoft, a business unit of CSG providing a leading embedded analytics and pixel-perfect reporting platform, for 'r 2,157 crores ($240 million). Through this acquisition, the Group will acquire a comprehensive business intelligence and reporting platform and a large, global developer community comprised of data engineers and architects. The transaction is subject to receipt of applicable regulatory approvals and completion of other customary closing conditions and is expected to close in six months . 6 Financial results for all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable . 7 As per Ind AS 108 'Operating Segments', the Company has disclosed the segment information only as part of the consolidated financial results . By the order of the Board of Directors for HCL Technologies Limited ROSHNI ~;l'i~~i~;l~:.'ty NA DAR MALHOTRA MALHOTRA ~:~•;;~2:0~~3~~ Roshni Nadar Malhotra Chairperson DIN - 02346621 Noida (UP), India 12 January 2026 VIJA YA Digitally signed by KUMAR VIJAYA KUMAR CHINNASWAMY CHINNASWAM Date:2026.01.12 Y 16:34:52 +05'30' C. Vijayakumar Chief Executive Officer and Managing Director DIN - 09244485 SHIV KUMAR WALIA Digitally signed by SHIV KUMAR WALIA Date: 2026.01.12 16:33:35 +05'30' ShivWalia Chief Financial Officer