HCLTech Q2 result: Net profit flat at ₹4,235 cr, dividend declared

HCLTech's revenue from operations for the quarter stood at ₹31,942 crore, up 10.7% Y-o-Y from ₹28,862 crore, and 5.2% Q-o-Q from ₹30,349 crore

HCLTech on Monday reported a consolidated net profit of ₹4,235 crore for the second quarter of the financial year 2025-26 (Q2 FY26), flat as against the profit in Q2 FY25. However, on a sequential basis, profit jumped 10.2 per cent from ₹3,843 crore.

 

The tech major’s revenue from operations for the quarter stood at ₹31,942 crore, up 10.7 per cent year-on-year (Y-o-Y) from ₹28,862 crore and 5.2 per cent quarter-on-quarter (Q-o-Q) from ₹30,349 crore. It reported a 4.6 per cent Y-o-Y increase in constant-currency revenue, while its United States (US) revenue stood at $3,644 million, up 5.8 per cent Y-o-Y.

 

“A standout quarter on every front — marked by strong execution, growing demand for our artificial intelligence (AI)-powered solutions, and Advanced AI revenue exceeding $100M this quarter. Our revenue grew 2.4 per cent sequentially in constant currency with a strong recovery of operating margin to 17.5 per cent," said CVijayakumar, chief executive officer (CEO) and managing director of HCLTech.

 

"We continue to perform well despite the uncertain business environment and are investing in new technologies and capabilities to unlock growth opportunities. The upskilling of our global talent base remains a key priority and an enabler of innovation for our clients," said Roshni Nadar Malhotra, chairperson of HCLTech. 

HCLTech dividend

The company also announced an interim dividend of ₹12 per share, with a record date of October 17 and payments scheduled for October 28.

 

HCLTech order book and employee count

 

HCLTech said that its total contract value (TCV) from new deals stood at $2.6 billion, up 15.8 per cent Y-o-Y and 41.8 per cent sequentially.

 

Its total employee count for the quarter was 226,640, with a net addition of 3,489 people. The last twelve months (LTM) attrition rate was 12.6 per cent, down from 12.9 per cent in the same quarter last year.

 

"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 per cent Y-o-Y aligned with our AI growth strategy," Vijayakumar said.

 

HCLTech guidance

 

HCLTech also provided its guidance for FY26, projecting revenue growth of 3 per cent to 5 per cent Y-o-Y in constant currency. It added that services revenue is expected to increase between 4-5 per cent, while the earnings before interest and taxes (Ebit) margin is forecasted to be in the range of 17 per cent to 18 per cent.

 

Shares of HCLTech closed at ₹1494.7 apiece on the BSE on Monday.