Key Takeaways
- HCLTech reports flat year-on-year net profit at ₹4,235 crore for Q2 FY26
- Revenue grows 11% YoY to ₹31,942 crore with strong sequential improvement
- Company declares interim dividend of ₹12 per share and provides optimistic FY26 guidance
HCLTech has announced its Q2 FY26 financial results, showing resilient performance despite challenging market conditions. While net profit remained flat year-on-year at ₹4,235 crore, the company demonstrated strong sequential growth with both profit and revenue increasing by 10% and 5.2% respectively.
Financial Performance Highlights
The company’s quarterly revenue reached ₹31,942 crore, marking an 11% increase compared to the same quarter last year. HCLTech also declared an interim dividend of ₹12 per equity share for FY26, reflecting confidence in its financial stability.
FY26 Guidance and Margin Outlook
Company executives provided optimistic guidance for the full fiscal year, expecting revenue growth between 3.0%-5.0% YoY in constant currency terms. Services revenue is projected to grow 4.0%-5.0%, with EBIT margin likely to remain in the 17.0%-18.0% range.
Leadership Commentary
C. Vijayakumar, CEO and Managing Director, described the quarter as “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 highlighted that revenue grew 2.4% sequentially in constant currency with operating margin recovering strongly 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.”
Analyst Perspective
According to Biswajit Maity, senior principal analyst at Gartner, “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.”
Workforce Growth
Contrary to industry trends, HCLTech reported a net addition of 3,489 employees, bringing total workforce to 2,26,640. The company also improved its attrition rate to 12.6% from 12.9% in the corresponding period last year.
