HCL Infosystems Limited announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026, approved by the Board of Directors at their meeting held on November 05, 2026.
Financial Results
- Revenue for Q2 FY27 stood at ₹413 lakhs (₹4.13 crore), compared to ₹418 lakhs (₹4.18 crore) in the previous quarter
- Loss Before Tax for the quarter was ₹1,494 lakhs (₹14.94 crore), improved from ₹1,668 lakhs (₹16.68 crore) in the previous quarter
- The reduction in loss was primarily due to lower provision of unutilized GST Input Tax Credit by ₹144 lakhs compared to the previous quarter
- Current quarter loss includes non-cash interest expense on Non-Convertible Debentures charged to Profit and Loss Account of ₹662 lakhs (₹6.62 crore)
Operational Highlights
During the quarter, the company incurred legal, professional, and consultancy expenses amounting to ₹526 lakhs (₹5.26 crore)
The company made provisions for unutilized GST input tax credit amounting to ₹98 lakhs (₹0.98 crore)
Management Commentary
Mr. Gaurav Bhalla, Manager of HCL Infosystems Ltd, stated that during the quarter, the company's management continued to focus on initiatives aimed at reducing future operational losses and pursuing recovery of long-overdue receivables from customers through legal proceedings.
Company Updates
The company continues to pursue arbitration proceedings against several customers to recover past dues
Engaged in residual project execution while complying with applicable regulatory requirements
Maintaining effective internal financial controls and managing ongoing litigations
The cost incurred for these activities remains a considerable component of the total cost reflected in the financial results
Additional Information
The press release has been uploaded on the company's website at www.hclinfosystems.in
HCL Infosystems is an IT System Integration and Solutions Company