Analysts see short-term margin pain for HCLTech
- Posted on July 15, 2025
- By Financial Express
- 1 Views

Analysts see short-term margin pain for HCLTech

HCLTech's Q1 margin miss and lowered FY26 guidance to 17–18% sparked a stock dip, but analysts see pressures as short-term. Higher GenAI investments and low utilisation impacted margins. FY27 outlook remains intact, with revenue momentum and faster deal conversions seen as positives.