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HCLTech Q2 Results 2025-26: Net profit up 10%, revenue rises over 5% on deal wins
HCLTech Q2 Results 2025-26: Net profit of India's third largest IT firm rose 10.2% QoQ to ₹4,235 crore even as revenue increased 5.24% to ₹31,942 crore.
HCL Technologies Ltd. delivered on its topline and bottomline in fiscal second quarter as deal wins sustained in the face of headwinds stemming from US tariff and H-1B visa shocks.
Consolidated revenue of India's third-largest IT services firm rose 5.24% over the previous three months to ₹31,942 crore in the three months ended 30 September 2025, according to a stock exchange filing on Monday (13 October 2025). That compares with the ₹31,472-crore estimate of analysts tracked by Bloomberg.
HCLTech Q2 Results: Key Highlights (QoQ)
- Revenue up 5.24% at ₹31,942 crore (Estimate: ₹31,472 crore)
- EBIT up 11% at ₹5,502 crore (Estimate: ₹5,343 crore)
- EBIT margin up 90 basis points at ₹17.2% (Estimate: 16.47%)
- Net profit up 10.2% at ₹4,235 crore (Estimate: ₹4,236 crore)
One basis point is one-hundredth of a percentage point.
In dollar terms, HCLTech's revenue rose 2.8% sequentially to $3.644 billion. It was up 2.4% in constant currency terms.
HCLTech Q2 FY26 Results: Other Key Highlights
- AI quarterly revenue crosses $100 million for the first time
- Total contract value (new deal wins) up 41.8% QoQ at $2.57 billion
- Headcount increases by a net 3,489 to 2,26,640 employees.
- The company added 5,196 freshers in July-September 2025
- The attrition rate stood at 12.6% vs 12.9% in Q2 FY25
HCLTech Guidance
The Noida-headquartered company now expects its revenue from operations to grow at 3-5% in constant currency terms in FY26. The services business is seen growing at 4-5% annually, with an overall EBIT margin of 17-18%.
Separately, the company has declared its 91st consecutive quarterly interim dividend, that of ₹12 per share. The record date is set at 17 October for a payment to be made on 28 October 2025.
“A standout quarter on every front—marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding $100M this quarter," C. Vijayakumar, chief executive officer at HCLTech, said in an investor note accompanying the earnings. “For the first time, our new bookings surpassed $2.5 billion, without reliance on any mega deal.”
“We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY aligned with our AI growth strategy.”
On Monday, HCLTech shares fell 0.09% to ₹1,494.10 apiece on the NSE even as the benchmark NSE Nifty 50 ended the day 0.23% lower at 25,227.35 points. The quarterly earnings were disclosed after market hours.
