BSECompany Update6 Aug 2026 · 6 Aug 2026, 05:12 pm
Press Release for the Board Meeting held on August 06, 2026
HCL Infosystems Ltd · 500179
✦ AI SummaryResults
HCL Infosystems Ltd reported Q1 FY27 financial results with revenue of Rs. 417.55 Lakhs, lower than Rs. 528.20 Lakhs in the previous quarter, due to one-time revenue recognized in the previous quarter. The company reported a loss before tax of Rs. 1668.08 Lakhs, higher than the previous quarter's loss. The company has initiated arbitration proceedings to recover dues owed by customers and incurred costs related to project execution, regulatory obligations, and ongoing litigations.
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Earnings Impact4/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk5/10
Liquidity Impact6/10
Market Sentiment5/10
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HCL Infosystems Ltd - 500179 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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6th August 2026
The General Manager The Vice President
Department of Corporate Relations Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex
Dalal Street, Fort, Mumbai 400001 Bandra (East), Mumbai 400051
Symbol: 500179 Symbol: HCL-INSYS
Sub: Press Release for the Board Meeting held on August 06, 2026.
Dear Sir/Madam,
Please find enclosed herewith the Press Release being issued by the Company on the Unaudited
Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.
Kindly take this on record.
Thank you,
For HCL Infosystems Limited
Twinkle Monga
Company Secretary and Compliance Officer
Membership No: A-54882
Encl: As above.
HCL Infosystems Limited announced its financial results on 06th August 2026 for the quarter
ending 30th June 2026 and reported revenue of Rs. 417.55 Lakhs.
Q1’ FY27 Business Highlights
1. The revenue for the current quarter stood at Rs. 417.55 Lakhs, which is lower than Rs. 528.20
Lakhs in the previous quarter. This is mainly on account of one-time revenue recognised
during last quarter from a Defense project change request of Rs. 69.86 Lakhs and Rs. 40.79
Lakhs from another customer.
2. The Loss Before Tax (negative PBT) for the current quarter stood at Rs.1668.08 Lakhs, higher
than the Loss Before Tax (negative PBT) of Rs.1316.72 Lakhs reported in the previous quarter.
The loss was lower in the previous quarter due to receipt of interest on tax refunds and
writebacks of certain vendor balances/ provisions.
Mr. Gaurav Bhalla, Manager of HCL Infosystems Ltd, commenting on the results’ said, “During this
quarter, the management of the Company continued to focus on actions to expediate the collection
of tax refunds and recovery of receivables that are long overdue from customers through arbitration
proceedings”.
Company Update
As informed in earlier news releases, the Company has initiated arbitration proceedings against
several customers to recover the dues owed on which significant effort and cost is being incurred.
The Company continues to incur costs in relation to project execution, compliance with regulatory
obligations applicable to the company, maintenance of internal financial controls, management of
ongoing litigations, and provisioning for unutilized GST Input Tax Credit, which is reflected in the
financial results. The Company incurred legal, professional and consultancy expenses of Rs.601.70
Lakhs during the quarter.
During the quarter, the Company received a favourable order from the Supreme Court dismissing
the appeal filed by the Commissioner of Income Tax against a compensation received by the
Company during the financial year 1997-98 which was treated as capital receipt by the company.
Consequently, the income tax demand of Rs. 1,490 lakhs has been quashed.
Tax refund
During the quarter, Company has received Tax refunds amounting to Rs 2,660 Lakhs primarily from
Value Added Tax (VAT) Authorities towards refund of pre-deposit in connection with the matter
relating to the taxability of batteries sold in composite packs along with mobile phones in the State
of Rajasthan for the tax periods 2009-10 and 2011-12.
About HCL Infosystems
HCL Infosystems Limited is an IT System Integration and Solutions Company. For more information,
please visit us at www.hclinfosystems.in.
Media Contact Information
HCL Infosystems Limited cosec@hclinfosystems.com