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 October 13, 2025 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 half- year ended September 30, 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 half -year ended September 30, 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 October 17, 2025, and the payment date of the said interim dividend shall be October 28, 2025. The Board Meeting commenced at 01:00 PM (IST) and concluded at 04:50 PM (IST) on October 13, 2025. Thanking you, For HCL Technologies Limited Manish Anand Company Secretary Encl.: a/a HCLTech hcltech .com
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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 Six months ended Particulars 30 September 30June 30 September 30 September 30 September 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 31,942 30,349 28,862 62,291 56,919 Other income 415 456 456 871 1,559 Total income 32,357 30,805 29,318 63,162 58,478 II Expenses Purchase of stock-in-trade 628 527 480 1,155 884 OUinges in inventories of stock-in-trade (8) (19) (14) (27) 11 Employee benefits expense 18,301 17,598 16,523 35,899 32,933 Outsourcing costs 4,475 4,138 3,748 8,613 7,289 Finance costs 215 209 131 424 322 Depreciation and amortization expense 1,043 1,093 1,007 2,136 2,005 Other expenses 2,001 2,070 1,756 4,071 3,640 Total expenses 26,655 25,616 23,631 52,271 47,084 III Profit before tax 5,702 5,189 5,687 10,891 11,394 IV Tax expense Current tax 1,389 1,281 1,191 2,670 2,443 Deferred tax charge 77 64 259 141 455 Total tax expense 1,466 1,345 1,450 2,811 2,898 V Profit for the period/ year 4,236 3,844 4,237 8,080 8,496 VI Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss (36) 4 (47) (32) (51) (ii) Income tax relating to items that will not be reclassified to statement 10 2 37 12 37 of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 812 1,140 452 1,952 469 (ii) Income tax relating to items that will be reclassified to statement of 160 67 114 227 72 profit and loss Total other comprehensive income (loss), net of tax 946 1,213 556 2,159 527 VII Total comprehensive income for the period/ year 5,182 5,057 4,793 10,239 9,023 Profit (loss) for the period/ year attributable to Owners of the Company 4,235 3,843 4,235 8,078 8,492 Non-controlling interest 1 1 2 2 4 4,236 3,844 4,237 8,080 8,496 Other comprehensive income (loss) for the period/ year attributable to Owners of the Company 945 1,212 556 2,157 527 Non-controlling interest 1 1 - 2 - 946 1,213 556 2,159 527 Total comprehensive income (loss) for the period/ year attributable to Owners of the Company 5,180 5,055 4,791 10,235 9,019 Non-controlling interest 2 2 2 4 4 5,182 5,057 4,793 10,239 9,023 Paid-up equity share capital (Face value 12 each) 543 543 543 543 543 Other equity attributable to owners of the Company Earnings per equity share of 12 each Basic (in l) 15.63 14.18 15.62 29.81 31.32 Diluted (in l) 15.61 14.17 15.61 29.78 31.30 Dividend per equity share of l 2 each Interim dividend paid (in l) 12 18 12 30 30 Special interim dividend paid (in l) - - - - - Total dividend paid (in l) 12 18 12 30 30 (l in crores) Previous/ear ende 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 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 Six months ended Particulars 30 September 30June 30 September 30 September 30 September 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations from external customers IT and Business Services 23,693 22,454 21,544 46,147 42,449 Engineering and R&D services 5,423 5,174 4,545 10,597 9,000 HCL Software 2,826 2,721 2,773 5,547 5,470 Total 31,942 30,349 28,862 62,291 56,919 Inter-segment revenue IT and Business Services - - - - - Engineering and R&D services - - - - - HCL Software 97 105 92 202 184 Total 97 105 92 202 184 Segment revenues IT and Business Services 23,693 22,454 21,544 46,147 42,449 Engineering and R&D services 5,423 5,174 4,545 10,597 9,000 HCL Software 2,923 2,826 2,865 5,749 5,654 Inter-segment elimination (97) (105) (92) (202) (184) Total 31,942 30,349 28,862 62,291 56,919 Segment results IT and Business Services 3,832 3,393 3,788 7,225 7,266 Engineering and R&D services 944 916 842 1,860 1,586 HCL Software 774 633 732 1,407 1,305 Total 5,550 4,942 5,362 10,492 10,157 Unallocable expenses (268) (204) (128) (472) (238) Other income 420 451 453 871 1,475 Profit before tax 5,702 5,189 5,687 10,891 11,394 Tax expense (1,466) (1,345) (1,450) (2,811) (2,898) Profit for the period/ year 4,236 3,844 4,237 8,080 8,496 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, % 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 Balance Sheet of HCL Technologies Limited as per Ind AS: Asat Particulars 30 September 2025 (Unaudited) I. ASSETS (1) Non-current assets (a) Property, plant and equipment 4,532 (b) Capital work in progress 106 (c) Right-of-use assets 3,198 (d) Goodwill 22,788 ( e) Other intangible assets 6,046 (f) Intangible assets under development 64 (g) Financial assets (i) Investments 92 (ii) Trade receivables - unbilled 712 (iii)Loans 185 (iv) Others 1,256 (h) Deferred tax assets (net) 1,112 (i) Other non-current assets 2,358 Total non-current assets 42,449 (2) Current assets (a) Inventories 160 (b) Financial assets (i) Investments 6,173 (ii) Trade receivables Billed 20,169 Unbilled 6,741 (iii) Cash and cash equivalents 9,488 (iv) Other bank balances 14,260 (v)Loans 1,291 (vi)Others 1,874 (c) Current tax assets (net) 290 ( d) Other current assets 5,678 Total current assets 66,124 TOTAL ASSETS 108.573 II. EQUITY (a) Equity share capital 543 (b) Other equity 70,706 Equity attributable to owners of the Company 71,249 Non-controlling interest 22 TOTAL EQUITY 71,271 III. LIABILITIES (1) Non-current liabilities (a) Financial liabilities (i) Borrowings 56 (ii) Lease liabilities 2,748 (iii) Others 842 (b) Contract liabilities 1,034 ( c) Provisions 2,163 (d) Deferred tax liabilities (net) 1,547 ( e) Other non-current liabilities 72 Total non-current liabilities 8,462 (2) Current liabilities (a) Financial liabilities (i) Borrowings 2,303 (ii) Lease liabilities 1,673 (iii) Trade payables Billed 3,378 Unbilled 3,343 (iv) Others 6,639 (b) Contract liabilities 4,246 (c) Other current liabilities 2,0% ( d) Provisions 1,624 (e) Current tax liabilities (net) 3-'i'll! Total current liabilities 28,840 TOTAL LIABILITIES 37,302 TOT AL EQUITY AND LIABILITIES 108,573 11:incrores Asat 31 March 2025 (Audited) 4,501 59 3,016 21,756 6,899 - 91 1,022 586 2,212 1,064 2,229 43,435 133 7,473 19,523 6,319 8,245 13,044 976 1,589 148 4,659 62,109 105-1;44 543 69,112 69,655 18 69,673 70 2,638 464 1,059 1,920 1,615 66 7,832 2,221 1,347 3,016 3,209 7,009 4,657 2,278 1,487 2,815 28,009 35,871 105,544
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HCL TECHNOLOGIES LIMITED Corporate Identity Number : L74140DL1991PLC046369 Registered Office: 806, Siddharth, % 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 Cash Flows of HCL Technologies Limited as per Ind AS: Six months ended Particulars 30 September 2025 30 September 2024 (Unaudited) (Unaudited) A. Cash flows from operating activities Profit before tax 10,891 11,394 Adjustment for. Depreciation and amortization expense 2,136 2,005 Interest income (778) (779) Provision for doubtful debts / bad debts written off (net) 87 36 Income on investments carried at fair value through profit and loss (77) (96) Profit on sale of investments carried at fair value through other comprehensive income (2) - Interest expense 218 150 Profit on sale of property, plant and equipment (net) - (6) Share based payments to employees 192 98 Divestment in subsidiaries - (574) Other non-cash char2:es /net) 38 /35 12,705 12,193 Net change in Trade receivables 672 1,188 Inventories 2 27 Other financial assets and other assets (119) (386) Trade payables 137 (497) Other financial liabilities, contract liabilities, provisions and other liabilities (1,759) (1,109) Cash generated from operations 11,638 11,416 Income taxes paid (net of refunds) (2,030' (2,067] Net cash flow from ooeratine; activities /Al 9,608 9,349 B. Cash flows from investing activities Purchase of property, plant and equipment and intangibles (784) (628) Proceeds from sale of property, plant and equipment 8 14 Payments for business acquisitions, net of cash acquired - (211) Investments in bank deposits (5,191) (6,271) Proceeds from bank deposits 4,897 6,255 Deposits placed with body corporates (245) (282) Proceeds from deposits placed with body corporates 331 233 Purchase of investments in securities (23,342) (19,944) Proceeds from sale/ maturity of investments in securities 24,636 19,460 Investment in equity instruments - (4) Distribution from limited liability partnership 3 - Divestment in subsidiaries, net of cash - 687 Interest received 642 652 Income taxes naid 1168' /219 Net cash flow from/ /used in) investine; activities /Bl 787 /258 C. Cash flows from financing activities Repayment of long term borrowings (30) (48) Proceeds from short term borrowings 129 172 Repayment of short term borrowings (131) (172) Payments for deferred and contingent consideration on business acquisitions (1) (50) Acquisition of treasury shares (711) (405) Dividend paid (8,126) (8,120) Interest paid (21) (27) Pavment of lease liabilities includin2: interest (803' (6771 Net cash flow used in financine; activities ia 19694) 19-1~71 Net increase/ (decrease) in cash and cash equivalents (A+B+q 701 (236) Effect of exchange differences on cash and cash equivalents held in foreign currency 542 185 Cash and cash equivalents at the beginning of the period / year 8,245 9,441 Cash and cash eouivalents at the end of the neriod / vear 94AA 9.390 Notes: 1. The total amount of income taxes paid is, 2,198 crores ( 30 September 2024, 2,286 crores, Previous year ii' 4,649 crores). ('tincrores) Previous vear ended 31 March 2025 (Audited) 23,261 4,084 (1,567) 15 (195) - 336 (10) 218 (574) /74 25,494 (119) 77 (225) 249 1,028 26,504 (4,243 22,261 (1,108) 25 (1,982) (15,442) 12,622 (1,512) 1,030 (43,861) 43,711 (4) 4 687 1,322 /406 14.914 (84) 377 (374) (50) (676) (16,250) (51) (1,453 118.561 (1,214) 18 9,441 8?4~ 2. Cash and cash equivalents includes unclaimed dividend of , 21 crores ( 30 September 2024 , 18 crores, Previous year , 19 crores ) and Bank overdraft of Nil (30 September 2024, (14) crores, Previous year Nil) .
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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 Six months ended Particulars 30 September 30June 30 September 30 September 30 September 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 13,829 13,073 12,615 26,902 24,399 Other income 325 344 284 669 605 Total income 14,154 13,417 12,899 'ZJ,571 25,()04 II Expenses Purchase of stock-in-trade 28 28 34 56 65 Otanges in inventories of stock-in-trade (6) 7 2 1 16 Employee benefits expense 6,302 6,046 5,501 12,348 10,906 Outsourcing costs 2,394 1,933 1,662 4,327 3,452 Finance costs 78 73 30 151 77 Depreciation and amortization expense 560 571 559 1,131 1,130 Other expenses 879 886 795 1,765 1,641 Total expenses 10,235 9,544 8,583 19,779 17,287 III Profit before tax 3,919 3,873 4,316 7,792 7,717 IV Tax expense Current tax 1,185 903 859 2,088 1,533 Deferred tax charge 77 82 241 159 489 Total tax expense 1,262 985 1,100 2,247 2,022 V Profit for the period/ year 2,657 2,888 3,216 5,545 5,695 VI Other comprehensive income (loss) (A) fi) Items that will not be reclassified to statement of profit and (37) - (49) (37) (49) oss (ii) Income tax relatin~ to items that will not be reclassified to 10 2 37 12 37 statement of profit an loss (B) (i) Items that will be reclassified to statement of profit and loss (624) (240) (478) (864) (386) (ii) Income tax relatin~ to items that will be reclassified to 160 67 114 227 72 statement of profit an loss Total other comprehensive income (loss), net of tax (491) (171) (376) (662) (326) VII Total comprehensive income for the period/year 2,166 2,717 2,840 4,883 5,369 Paid-up equity share capital (Face value 'I 2 each) 543 543 543 543 543 Other equity Earnings per equity share of 'I 2 each Basic (in 'I) 9.81 10.66 11.87 20.47 21.00 Diluted (in 'I) 9.80 10.65 11.86 20.44 20.99 Dividend per equity share of 'I 2 each Interim dividend paid (in 'I) 12 18 12 30 30 Special interim dividend paid (in 'I) - - - - - Total dividend paid (in 'I) 12 18 12 30 30 ('Iincrores) Previous4ear 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 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, % 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 Balance Sheet of HCL Technologies Limited as per Ind AS Asat Particulars 30 September 2025 (Unaudited) I. ASSETS (1) Non-current assets (a) Property, plant and equipment 2,900 (b) Capital work in progress 53 (c) Right-of-use assets 1,142 (d) Goodwill 7,222 (e) Other intangible assets 4,233 (f) Intangible assets under development 64 (g) Financial assets (i) Investments 5,005 (ii) Trade receivables - unbilled 91 (iii) Loans 175 (iv) Others 551 (h) Other non-current assets 303 Total non-current assets 21,739 (2) Current assets (a) Inventories 11 (b) Financial assets (i) Investments 5,790 (ii) Trade receivables Billed 3,382 Unbilled 8,825 (iii) Cash and cash equivalents 461 (iv) Other bank balances 3,362 (v)Loans 885 (vi) Others 799 (c) Current tax assets (net) 2 ( d) Other current assets 1,312 Total current assets 24.829 TOTAL ASSETS 46,568 II. EQUITY ( a) Equity share capital 543 (b) Other equity 30632 TOTAL EQUITY 31,175 IIL LIABILITIES (1) Non-current liabilities ( a) Financial liabilities (i) Borrowings 6 (ii) Lease liabilities 687 (iii) Others 388 (b) Contract liabilities 98 ( c) Provisions 1,483 (d) Deferred tax liabilities (net) 1,244 ( e) Other non-current liabilities 72 Total non-current liabilities 3,978 (2) Current liabilities (a) Financial liabilities (i) Borrowings 10 (ii) Lease liabilities 279 (iii) Trade payables Billed 1. Dues of micro enterprises and small enterprises 25 2. Dues of creditors other than micro enterprises and small enteiprises 1,899 Unbilled and accruals 1,702 (iv) Others 1,602 (b) Contract liabilities 2,030 (c) Other current liabilities 498 ( d) Provisions 423 (e) Current tax liabilities (net) 2,947 Total current liabilities 11,415 TOTAL LIABILITIES 15,393 TOTAL EQUITY AND LIABILITIES 46,568 11:incrores Asat 31 March 2025 (Audited) 2,931 29 1,192 7,215 4,880 - 4,960 291 586 1,057 327 23,468 12 7,357 3,622 11,063 592 3,847 714 785 4 1,039 29.1135 52,503 543 34,397 34,940 11 754 17 68 1,291 1,321 66 3,528 15 261 12 2,116 1,745 1,889 5,088 549 388 1,972 14,D35 17,563 52,503
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, % 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 Cash Flows of HCL Technologies Limited as per Ind AS: Six months ended Particulars 30 September 2025 30 September 2024 (Unaudited} (Unaudited} A. Cash flows from operating activities Profit before tax 7,792 7,717 Adjustment for: Depreciation and amortization expense 1,131 1,130 Interest income (384) (436) Dividend income from subsidiaries (188) (41) Provision for doubtful debts / bad debts written off (net) 3 (25) Income on investments earned at fair value through profit and loss (72) (86) Income on investments earned at fair value through other comprehensive income (2) - Interest expense 112 65 Profit on sale of property, plant and equipment (net) (2) (6) Share based payments to employees 60 24 Other non-cash charges (net) (1) - 8,449 8,342 Net change in Trade receivables 2,757 236 Inventories 1 19 Other financial assets and other assets (60) 62 Trade payables (295) 672 Other financial liabilities, contract liabilities, provisions and other liabilities (3,466) (1,786) Cash generated from operations 7,386 7,545 Income taxes paid (net of refunds) (1,106) (1,083) Net cash flow from operatine; activities /Al 6,280 6,462 B. Cash flows from investing activities Purchase of property, plant and equipment and intangibles (342) (217) Proceeds from sale of property, plant and equipment 7 13 Payments for business acquisitions, net of cash acquired - - Investments in bank deposits (370) (1,323) Proceeds from bank deposits 1,156 3,860 Deposits placed with body corporates (90) (282) Proceeds from deposits placed with body corporates 331 233 Purchase of investments in securities (22,831) (19,538) Proceeds from sale/maturity of investments in securities 24,377 19,074 Excess of cost over fair value reimbursed for treasury shares by direct and indirect subsidiaries 35 56 Investment in equity instruments - (4) Investment in subsidiaries (80) - Dividend received from subsidiaries 164 41 Interest received 313 412 Income taxes paid (78) (89) Net cash flow from investine: activities /Bl 2,592 2,236 C. Cash flows from financing activities Repayment of long term borrowings (7) (21) Proceeds from short term borrowings 129 172 Repayment of short term borrowings (131) (172) Acquisition of treasury shares (711) (405) Dividend paid (8,126) (8,120) Interest paid (1) (2) Payment of lease liabilities including interest (165) (112) Net cash flow used in financine; activities /Cl (9,012) (8,660 Net increase/ (decrease) in cash and cash equivalents (A+ B+C) (140) 38 Effect of exchange differences on cash and cash equivalents held in foreign currency 9 (2) Cash and cash equivalents at the beginning of the period / year 592 837 Cash and cash eauivalents at the end of the oeriod / vear 461 873 Notes: 1 The total amount of income taxes paid is f 1,184 crores (30 September 2024 f 1,172 crores, Previous year, f 2,885 crores). 2 Cash and cash equivalents includes unclaimed dividend of f 21 crores (30 September 2024 f 18 crores, Previous year, f 19 crores). ('f in croresl Previous vear ended 31 March 202.5 /Audited} 16,474 2,320 (867) (109) (31) (183) - 138 (9) 62 (15) 17,780 (2,599) 17 362 1,507 1,629 18,696 (2,705) 15,991 (461) 22 (1,358) (4,464) 6,959 (1,251) 1,030 (43,059) 42,765 85 (5) - 109 801 (180) 993 (30) 377 (374) (676) (16,250) (3) (297) (17,253) (269) 24 837 592
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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 six months ended 30 September 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 13 October 2025. The statutory auditors have issued unmodified review report on these results. 2 The Board of Directors at its meeting held on 13 October 2025 has declared an interim dividend of 112 per share. 3 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 . 4 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 NADAR Digitally signed by ROSH NI NADAR MALHOTR ~:i;~~~~10_13 A 16:s6:s1 +05•30• Roshni Nadar Malhotra Chairperson DIN - 02346621 Place- Naida (UP), India 13 October 2025 VIJAYA KUMAR CHINNAS WAMY Digitally signed byVIJAYA KUMAR CHINNASWAMY Date: 2025.10.13 06:25:43 -05'00' C. Vijayakumar Chief Executive Officer and Managing Director DIN - 09244485 Place- Frisco, Texas, USA SHIV Digitally signed by SHIV KUMAR KUMARWALIA Date: WALIA 2025 .10.13 16:52:59 +05'30' ShivWalia Chief Financial Officer Place- Noida (UP), India
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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 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 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 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 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.: 09221213 October 2025UDIN:25092212BMMJJQ7240
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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 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 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 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 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. LLP Limited 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. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Rakesh Dewan Partner Gurugram Membership No.: 092212 13 October 2025 UDIN:25092212BMMJJR2739 RAKESH DEWAN Dlgltally signed by RAKESH DEWAN Date: 2025.10.13 17:06:32+-05'30'
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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 Subsidiary7 Actian International, Inc. 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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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 Six months ended Particulars 30 September 30June 30 September 30 September 30 September 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 31,942 30,349 28,862 62,291 56,919 Other income 415 456 456 871 1,559 Total income 32,357 30,805 29,318 63,162 58,478 II Expenses Purchase of stock-in-trade 628 527 480 1,155 884 OUinges in inventories of stock-in-trade (8) (19) (14) (27) 11 Employee benefits expense 18,301 17,598 16,523 35,899 32,933 Outsourcing costs 4,475 4,138 3,748 8,613 7,289 Finance costs 215 209 131 424 322 Depreciation and amortization expense 1,043 1,093 1,007 2,136 2,005 Other expenses 2,001 2,070 1,756 4,071 3,640 Total expenses 26,655 25,616 23,631 52,271 47,084 III Profit before tax 5,702 5,189 5,687 10,891 11,394 IV Tax expense Current tax 1,389 1,281 1,191 2,670 2,443 Deferred tax charge 77 64 259 141 455 Total tax expense 1,466 1,345 1,450 2,811 2,898 V Profit for the period/ year 4,236 3,844 4,237 8,080 8,496 VI Other comprehensive income (loss) (A) (i) Items that will not be reclassified to statement of profit and loss (36) 4 (47) (32) (51) (ii) Income tax relating to items that will not be reclassified to statement 10 2 37 12 37 of profit and loss (B) (i) Items that will be reclassified to statement of profit and loss 812 1,140 452 1,952 469 (ii) Income tax relating to items that will be reclassified to statement of 160 67 114 227 72 profit and loss Total other comprehensive income (loss), net of tax 946 1,213 556 2,159 527 VII Total comprehensive income for the period/ year 5,182 5,057 4,793 10,239 9,023 Profit (loss) for the period/ year attributable to Owners of the Company 4,235 3,843 4,235 8,078 8,492 Non-controlling interest 1 1 2 2 4 4,236 3,844 4,237 8,080 8,496 Other comprehensive income (loss) for the period/ year attributable to Owners of the Company 945 1,212 556 2,157 527 Non-controlling interest 1 1 - 2 - 946 1,213 556 2,159 527 Total comprehensive income (loss) for the period/ year attributable to Owners of the Company 5,180 5,055 4,791 10,235 9,019 Non-controlling interest 2 2 2 4 4 5,182 5,057 4,793 10,239 9,023 Paid-up equity share capital (Face value 12 each) 543 543 543 543 543 Other equity attributable to owners of the Company Earnings per equity share of 12 each Basic (in l) 15.63 14.18 15.62 29.81 31.32 Diluted (in l) 15.61 14.17 15.61 29.78 31.30 Dividend per equity share of l 2 each Interim dividend paid (in l) 12 18 12 30 30 Special interim dividend paid (in l) - - - - - Total dividend paid (in l) 12 18 12 30 30 (l in crores) Previous/ear ende 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 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 Six months ended Particulars 30 September 30June 30 September 30 September 30 September 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations from external customers IT and Business Services 23,693 22,454 21,544 46,147 42,449 Engineering and R&D services 5,423 5,174 4,545 10,597 9,000 HCL Software 2,826 2,721 2,773 5,547 5,470 Total 31,942 30,349 28,862 62,291 56,919 Inter-segment revenue IT and Business Services - - - - - Engineering and R&D services - - - - - HCL Software 97 105 92 202 184 Total 97 105 92 202 184 Segment revenues IT and Business Services 23,693 22,454 21,544 46,147 42,449 Engineering and R&D services 5,423 5,174 4,545 10,597 9,000 HCL Software 2,923 2,826 2,865 5,749 5,654 Inter-segment elimination (97) (105) (92) (202) (184) Total 31,942 30,349 28,862 62,291 56,919 Segment results IT and Business Services 3,832 3,393 3,788 7,225 7,266 Engineering and R&D services 944 916 842 1,860 1,586 HCL Software 774 633 732 1,407 1,305 Total 5,550 4,942 5,362 10,492 10,157 Unallocable expenses (268) (204) (128) (472) (238) Other income 420 451 453 871 1,475 Profit before tax 5,702 5,189 5,687 10,891 11,394 Tax expense (1,466) (1,345) (1,450) (2,811) (2,898) Profit for the period/ year 4,236 3,844 4,237 8,080 8,496 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, % 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 Balance Sheet of HCL Technologies Limited as per Ind AS: Asat Particulars 30 September 2025 (Unaudited) I. ASSETS (1) Non-current assets (a) Property, plant and equipment 4,532 (b) Capital work in progress 106 (c) Right-of-use assets 3,198 (d) Goodwill 22,788 ( e) Other intangible assets 6,046 (f) Intangible assets under development 64 (g) Financial assets (i) Investments 92 (ii) Trade receivables - unbilled 712 (iii)Loans 185 (iv) Others 1,256 (h) Deferred tax assets (net) 1,112 (i) Other non-current assets 2,358 Total non-current assets 42,449 (2) Current assets (a) Inventories 160 (b) Financial assets (i) Investments 6,173 (ii) Trade receivables Billed 20,169 Unbilled 6,741 (iii) Cash and cash equivalents 9,488 (iv) Other bank balances 14,260 (v)Loans 1,291 (vi)Others 1,874 (c) Current tax assets (net) 290 ( d) Other current assets 5,678 Total current assets 66,124 TOTAL ASSETS 108.573 II. EQUITY (a) Equity share capital 543 (b) Other equity 70,706 Equity attributable to owners of the Company 71,249 Non-controlling interest 22 TOTAL EQUITY 71,271 III. LIABILITIES (1) Non-current liabilities (a) Financial liabilities (i) Borrowings 56 (ii) Lease liabilities 2,748 (iii) Others 842 (b) Contract liabilities 1,034 ( c) Provisions 2,163 (d) Deferred tax liabilities (net) 1,547 ( e) Other non-current liabilities 72 Total non-current liabilities 8,462 (2) Current liabilities (a) Financial liabilities (i) Borrowings 2,303 (ii) Lease liabilities 1,673 (iii) Trade payables Billed 3,378 Unbilled 3,343 (iv) Others 6,639 (b) Contract liabilities 4,246 (c) Other current liabilities 2,0% ( d) Provisions 1,624 (e) Current tax liabilities (net) 3-'i'll! Total current liabilities 28,840 TOTAL LIABILITIES 37,302 TOT AL EQUITY AND LIABILITIES 108,573 11:incrores Asat 31 March 2025 (Audited) 4,501 59 3,016 21,756 6,899 - 91 1,022 586 2,212 1,064 2,229 43,435 133 7,473 19,523 6,319 8,245 13,044 976 1,589 148 4,659 62,109 105-1;44 543 69,112 69,655 18 69,673 70 2,638 464 1,059 1,920 1,615 66 7,832 2,221 1,347 3,016 3,209 7,009 4,657 2,278 1,487 2,815 28,009 35,871 105,544
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HCL TECHNOLOGIES LIMITED Corporate Identity Number : L74140DL1991PLC046369 Registered Office: 806, Siddharth, % 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 Cash Flows of HCL Technologies Limited as per Ind AS: Six months ended Particulars 30 September 2025 30 September 2024 (Unaudited) (Unaudited) A. Cash flows from operating activities Profit before tax 10,891 11,394 Adjustment for. Depreciation and amortization expense 2,136 2,005 Interest income (778) (779) Provision for doubtful debts / bad debts written off (net) 87 36 Income on investments carried at fair value through profit and loss (77) (96) Profit on sale of investments carried at fair value through other comprehensive income (2) - Interest expense 218 150 Profit on sale of property, plant and equipment (net) - (6) Share based payments to employees 192 98 Divestment in subsidiaries - (574) Other non-cash char2:es /net) 38 /35 12,705 12,193 Net change in Trade receivables 672 1,188 Inventories 2 27 Other financial assets and other assets (119) (386) Trade payables 137 (497) Other financial liabilities, contract liabilities, provisions and other liabilities (1,759) (1,109) Cash generated from operations 11,638 11,416 Income taxes paid (net of refunds) (2,030' (2,067] Net cash flow from ooeratine; activities /Al 9,608 9,349 B. Cash flows from investing activities Purchase of property, plant and equipment and intangibles (784) (628) Proceeds from sale of property, plant and equipment 8 14 Payments for business acquisitions, net of cash acquired - (211) Investments in bank deposits (5,191) (6,271) Proceeds from bank deposits 4,897 6,255 Deposits placed with body corporates (245) (282) Proceeds from deposits placed with body corporates 331 233 Purchase of investments in securities (23,342) (19,944) Proceeds from sale/ maturity of investments in securities 24,636 19,460 Investment in equity instruments - (4) Distribution from limited liability partnership 3 - Divestment in subsidiaries, net of cash - 687 Interest received 642 652 Income taxes naid 1168' /219 Net cash flow from/ /used in) investine; activities /Bl 787 /258 C. Cash flows from financing activities Repayment of long term borrowings (30) (48) Proceeds from short term borrowings 129 172 Repayment of short term borrowings (131) (172) Payments for deferred and contingent consideration on business acquisitions (1) (50) Acquisition of treasury shares (711) (405) Dividend paid (8,126) (8,120) Interest paid (21) (27) Pavment of lease liabilities includin2: interest (803' (6771 Net cash flow used in financine; activities ia 19694) 19-1~71 Net increase/ (decrease) in cash and cash equivalents (A+B+q 701 (236) Effect of exchange differences on cash and cash equivalents held in foreign currency 542 185 Cash and cash equivalents at the beginning of the period / year 8,245 9,441 Cash and cash eouivalents at the end of the neriod / vear 94AA 9.390 Notes: 1. The total amount of income taxes paid is, 2,198 crores ( 30 September 2024, 2,286 crores, Previous year ii' 4,649 crores). ('tincrores) Previous vear ended 31 March 2025 (Audited) 23,261 4,084 (1,567) 15 (195) - 336 (10) 218 (574) /74 25,494 (119) 77 (225) 249 1,028 26,504 (4,243 22,261 (1,108) 25 (1,982) (15,442) 12,622 (1,512) 1,030 (43,861) 43,711 (4) 4 687 1,322 /406 14.914 (84) 377 (374) (50) (676) (16,250) (51) (1,453 118.561 (1,214) 18 9,441 8?4~ 2. Cash and cash equivalents includes unclaimed dividend of , 21 crores ( 30 September 2024 , 18 crores, Previous year , 19 crores ) and Bank overdraft of Nil (30 September 2024, (14) crores, Previous year Nil) .
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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 Six months ended Particulars 30 September 30June 30 September 30 September 30 September 2025 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) I Revenue Revenue from operations 13,829 13,073 12,615 26,902 24,399 Other income 325 344 284 669 605 Total income 14,154 13,417 12,899 'ZJ,571 25,()04 II Expenses Purchase of stock-in-trade 28 28 34 56 65 Otanges in inventories of stock-in-trade (6) 7 2 1 16 Employee benefits expense 6,302 6,046 5,501 12,348 10,906 Outsourcing costs 2,394 1,933 1,662 4,327 3,452 Finance costs 78 73 30 151 77 Depreciation and amortization expense 560 571 559 1,131 1,130 Other expenses 879 886 795 1,765 1,641 Total expenses 10,235 9,544 8,583 19,779 17,287 III Profit before tax 3,919 3,873 4,316 7,792 7,717 IV Tax expense Current tax 1,185 903 859 2,088 1,533 Deferred tax charge 77 82 241 159 489 Total tax expense 1,262 985 1,100 2,247 2,022 V Profit for the period/ year 2,657 2,888 3,216 5,545 5,695 VI Other comprehensive income (loss) (A) fi) Items that will not be reclassified to statement of profit and (37) - (49) (37) (49) oss (ii) Income tax relatin~ to items that will not be reclassified to 10 2 37 12 37 statement of profit an loss (B) (i) Items that will be reclassified to statement of profit and loss (624) (240) (478) (864) (386) (ii) Income tax relatin~ to items that will be reclassified to 160 67 114 227 72 statement of profit an loss Total other comprehensive income (loss), net of tax (491) (171) (376) (662) (326) VII Total comprehensive income for the period/year 2,166 2,717 2,840 4,883 5,369 Paid-up equity share capital (Face value 'I 2 each) 543 543 543 543 543 Other equity Earnings per equity share of 'I 2 each Basic (in 'I) 9.81 10.66 11.87 20.47 21.00 Diluted (in 'I) 9.80 10.65 11.86 20.44 20.99 Dividend per equity share of 'I 2 each Interim dividend paid (in 'I) 12 18 12 30 30 Special interim dividend paid (in 'I) - - - - - Total dividend paid (in 'I) 12 18 12 30 30 ('Iincrores) Previous4ear 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 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, % 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 Balance Sheet of HCL Technologies Limited as per Ind AS Asat Particulars 30 September 2025 (Unaudited) I. ASSETS (1) Non-current assets (a) Property, plant and equipment 2,900 (b) Capital work in progress 53 (c) Right-of-use assets 1,142 (d) Goodwill 7,222 (e) Other intangible assets 4,233 (f) Intangible assets under development 64 (g) Financial assets (i) Investments 5,005 (ii) Trade receivables - unbilled 91 (iii) Loans 175 (iv) Others 551 (h) Other non-current assets 303 Total non-current assets 21,739 (2) Current assets (a) Inventories 11 (b) Financial assets (i) Investments 5,790 (ii) Trade receivables Billed 3,382 Unbilled 8,825 (iii) Cash and cash equivalents 461 (iv) Other bank balances 3,362 (v)Loans 885 (vi) Others 799 (c) Current tax assets (net) 2 ( d) Other current assets 1,312 Total current assets 24.829 TOTAL ASSETS 46,568 II. EQUITY ( a) Equity share capital 543 (b) Other equity 30632 TOTAL EQUITY 31,175 IIL LIABILITIES (1) Non-current liabilities ( a) Financial liabilities (i) Borrowings 6 (ii) Lease liabilities 687 (iii) Others 388 (b) Contract liabilities 98 ( c) Provisions 1,483 (d) Deferred tax liabilities (net) 1,244 ( e) Other non-current liabilities 72 Total non-current liabilities 3,978 (2) Current liabilities (a) Financial liabilities (i) Borrowings 10 (ii) Lease liabilities 279 (iii) Trade payables Billed 1. Dues of micro enterprises and small enterprises 25 2. Dues of creditors other than micro enterprises and small enteiprises 1,899 Unbilled and accruals 1,702 (iv) Others 1,602 (b) Contract liabilities 2,030 (c) Other current liabilities 498 ( d) Provisions 423 (e) Current tax liabilities (net) 2,947 Total current liabilities 11,415 TOTAL LIABILITIES 15,393 TOTAL EQUITY AND LIABILITIES 46,568 11:incrores Asat 31 March 2025 (Audited) 2,931 29 1,192 7,215 4,880 - 4,960 291 586 1,057 327 23,468 12 7,357 3,622 11,063 592 3,847 714 785 4 1,039 29.1135 52,503 543 34,397 34,940 11 754 17 68 1,291 1,321 66 3,528 15 261 12 2,116 1,745 1,889 5,088 549 388 1,972 14,D35 17,563 52,503
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HCL TECHNOLOGIES LIMITED Corporate Identity Number: L74140DL1991PLC046369 Registered Office : 806, Siddharth, % 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 Cash Flows of HCL Technologies Limited as per Ind AS: Six months ended Particulars 30 September 2025 30 September 2024 (Unaudited} (Unaudited} A. Cash flows from operating activities Profit before tax 7,792 7,717 Adjustment for: Depreciation and amortization expense 1,131 1,130 Interest income (384) (436) Dividend income from subsidiaries (188) (41) Provision for doubtful debts / bad debts written off (net) 3 (25) Income on investments earned at fair value through profit and loss (72) (86) Income on investments earned at fair value through other comprehensive income (2) - Interest expense 112 65 Profit on sale of property, plant and equipment (net) (2) (6) Share based payments to employees 60 24 Other non-cash charges (net) (1) - 8,449 8,342 Net change in Trade receivables 2,757 236 Inventories 1 19 Other financial assets and other assets (60) 62 Trade payables (295) 672 Other financial liabilities, contract liabilities, provisions and other liabilities (3,466) (1,786) Cash generated from operations 7,386 7,545 Income taxes paid (net of refunds) (1,106) (1,083) Net cash flow from operatine; activities /Al 6,280 6,462 B. Cash flows from investing activities Purchase of property, plant and equipment and intangibles (342) (217) Proceeds from sale of property, plant and equipment 7 13 Payments for business acquisitions, net of cash acquired - - Investments in bank deposits (370) (1,323) Proceeds from bank deposits 1,156 3,860 Deposits placed with body corporates (90) (282) Proceeds from deposits placed with body corporates 331 233 Purchase of investments in securities (22,831) (19,538) Proceeds from sale/maturity of investments in securities 24,377 19,074 Excess of cost over fair value reimbursed for treasury shares by direct and indirect subsidiaries 35 56 Investment in equity instruments - (4) Investment in subsidiaries (80) - Dividend received from subsidiaries 164 41 Interest received 313 412 Income taxes paid (78) (89) Net cash flow from investine: activities /Bl 2,592 2,236 C. Cash flows from financing activities Repayment of long term borrowings (7) (21) Proceeds from short term borrowings 129 172 Repayment of short term borrowings (131) (172) Acquisition of treasury shares (711) (405) Dividend paid (8,126) (8,120) Interest paid (1) (2) Payment of lease liabilities including interest (165) (112) Net cash flow used in financine; activities /Cl (9,012) (8,660 Net increase/ (decrease) in cash and cash equivalents (A+ B+C) (140) 38 Effect of exchange differences on cash and cash equivalents held in foreign currency 9 (2) Cash and cash equivalents at the beginning of the period / year 592 837 Cash and cash eauivalents at the end of the oeriod / vear 461 873 Notes: 1 The total amount of income taxes paid is f 1,184 crores (30 September 2024 f 1,172 crores, Previous year, f 2,885 crores). 2 Cash and cash equivalents includes unclaimed dividend of f 21 crores (30 September 2024 f 18 crores, Previous year, f 19 crores). ('f in croresl Previous vear ended 31 March 202.5 /Audited} 16,474 2,320 (867) (109) (31) (183) - 138 (9) 62 (15) 17,780 (2,599) 17 362 1,507 1,629 18,696 (2,705) 15,991 (461) 22 (1,358) (4,464) 6,959 (1,251) 1,030 (43,059) 42,765 85 (5) - 109 801 (180) 993 (30) 377 (374) (676) (16,250) (3) (297) (17,253) (269) 24 837 592
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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 six months ended 30 September 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 13 October 2025. The statutory auditors have issued unmodified review report on these results. 2 The Board of Directors at its meeting held on 13 October 2025 has declared an interim dividend of 112 per share. 3 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 . 4 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 NADAR Digitally signed by ROSH NI NADAR MALHOTR ~:i;~~~~10_13 A 16:s6:s1 +05•30• Roshni Nadar Malhotra Chairperson DIN - 02346621 Place- Naida (UP), India 13 October 2025 VIJAYA KUMAR CHINNAS WAMY Digitally signed byVIJAYA KUMAR CHINNASWAMY Date: 2025.10.13 06:25:43 -05'00' C. Vijayakumar Chief Executive Officer and Managing Director DIN - 09244485 Place- Frisco, Texas, USA SHIV Digitally signed by SHIV KUMAR KUMARWALIA Date: WALIA 2025 .10.13 16:52:59 +05'30' ShivWalia Chief Financial Officer Place- Noida (UP), India