HCL Technologies shares dropped more than 3% to ₹1,182.60 on the National Stock Exchange following the release of its first-quarter fiscal 2027 results.
The decline came despite the company reporting a 20.34% year-on-year increase in consolidated net profit to ₹4,626 crore for the April-June period.
The market reaction was driven by the company’s decision to retain its full-year margin guidance unchanged.
This stance signals continued uncertainty in client spending and suggests that the recovery in the IT services sector may be slower than some investors had hoped.
The board also declared a dividend for shareholders, marking a positive start to the fiscal year, but the cautious forward-looking commentary weighed on sentiment.
Analysts had projected muted earnings growth ahead of the announcement, and the results largely aligned with those expectations.
However, the lack of an upgrade to the margin outlook has left brokerages divided on the stock’s near-term trajectory.