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HCLTech Q1 Results Review: Continues To Impress Despite Margin Hiccup, Says Motilal Oswal Maintaining 'Buy'
- HCLTech reported Q1 FY26 revenue of $3.5 billion, down 0.8% QoQ CC.
- Despite a margin hiccup, Motilal Oswal maintains a 'Buy' rating on HCLTech.
- For Q1 FY26, HCLTech's revenue grew 8.2% and PAT declined 10% YoY in INR terms.
- Motilal Oswal expects HCLTech's revenue/Ebit/PAT to grow by 9.4%/2.1%/5.3% YoY in Q2 FY26.
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