HCL Tech Q2 Results: Revenue up 5.2%, net profit rises 10.2% QoQ; Rs 12 dividend declared

HCL Tech Q2 Results: HCL Technologies announced its Q2 FY26 results on 13 October 2025. The board met on Monday to approve the financial statements, which were released after market hours.

The company reported consolidated revenue of Rs 31,942 crore, up 5.2 per cent QoQ and 10.7 per cent YoY, surpassing the Zee Business estimate of Rs 31,518 crore. USD revenue rose 2.8 per cent QoQ to $3,644 million, higher than the estimated $361 million, while constant currency revenue grew 2.4 per cent QoQ, beating the projected 1.5 per cent.

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EBIT came in at Rs 5,550 crore, up 12.3 per cent QoQ and 3.5 per cent YoY, with a margin of 17.4 per cent, compared with the Zee Business estimate of 17.03 per cent.

Net profit (PAT) stood at Rs 4,235 crore, up 10.2 per cent QoQ and flat YoY, slightly below the Zee Business forecast of Rs 4,292 crore.

Digital services contributed 42 per cent of total services revenue, with Advanced AI revenue crossing $100 million. HCLSoftware ARR reached $1.06 billion, up 0.6 per cent YoY CC, and subscription, support, and professional services revenue grew 8 per cent YoY. The company declared an interim dividend of Rs 12 per share, marking the 91st consecutive quarter of payouts, reflecting consistent shareholder returns.

HCL Tech Q2 Results: Management commentary

"This was a standout quarter on every front — driven by strong execution, rising demand for our AI-powered solutions, and Advanced AI revenue exceeding $100 million this quarter. Our revenue grew 2.4 per cent sequentially in constant currency, supported by a strong recovery in operating margin to 17.5 per cent," said C Vijayakumar, CEO and Managing Director, HCLTech.

"For the first time, our new bookings surpassed $2.5 billion, achieved without relying on any mega-deal. We also added 3,489 employees to our workforce while increasing revenue per employee by 1.8 per cent year-on-year, aligned with our AI growth strategy," he said.

Also read: HCL Tech Headcount: Amid IT layoffs, Noida-based firm adds 3,489 employees in Q2 FY26; attrition at 12.6%

"This strong revenue performance was accompanied by improved profitability and solid cash generation, with our last twelve months (LTM) FCF/NI ratio at 125 per cent. We remain focused on capital efficiency, with LTM ROIC for the company at 38.6 per cent, up 290 basis points YoY, and for our Services business at 45.3 per cent, up 180 basis points YoY," said Shiv Walia, Chief Financial Officer, HCLTech.