HCL Tech reported a flat net profit of ₹4,235 crore during the July-September quarter of FY26.
| Photo Credit: Reuters
HCL Tech, Shiv Nadar-promoted IT services, digital transformation and AI play firm, on Monday (October 13, 2025) reported a flat net profit of ₹4,235 crore during the July-September quarter of FY26. However, sequentially, its net profit and revenue grew 10% and 5.2% respectively.
The company’s Q2 revenue grew at ₹31,942 crore, up 11% as against ₹28,862 crore it posted in the same quarter a year ago. It also declared an interim dividend of ₹12 per equity share for the financial year 2025-26.
On FY26 guidance, the company executives said in a press conference that its revenue growth was expected to be between 3.0%-5.0% YoY in CC while the services revenue growth is expected to be between 4.0%-5.0% YoY in CC. The Earnings Before Interest and Taxes (EBIT) margin is likely to remain between 17.0%-18.0%.
C. Vijayakumar, CEO and managing director, HCLTech in his commentary called the quarter, “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.’‘
He further said, the company’s revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%. “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.”
HCLTech delivered strong INR revenue growth of 5.2% QoQ and 10.7% YoY in Q2 FY26 and this revenue growth was accompanied by enhanced profitability and solid cash generation, said Shiv Walia, Chief Financial Officer, HCLTech.
According to Biswajit Maity, senior principal analyst at Gartner, given the ongoing economic headwinds, global instability, and reduced budgets for non-essential technology initiatives, major Indian IT companies were anticipated to experience slower revenue growth.
“However, HCLTech’ s performance demonstrates resilience and adaptability in a challenging global IT landscape. In addition, they reported strong sequential growth in deal TCV. The company continues to deepen its capabilities in IT services and business process outsourcing, leveraging differentiated offerings to capture greater market share and drive operational excellence,’‘ commented Mr. Maity.
Contrary to the current people trend in the tech industry, HCLTech reported a net addition of 3,489 employees taking the total workforce count to 2,26,640. Attrition also reduced to 12.6% in the quarter, from 12.9% in the corresponding period last year.
Published – October 13, 2025 09:57 pm IST
