HCL Technologies Q2: Net profit rises 10% QoQ, dollar revenue stands at $3,644 million

The Noida-based company’s revenue from operations for the first quarter of the financial year 2025-26 also rose 5.2% to ₹31,942 crore as compared to ₹30,349 crore quarter-on-quarter (QoQ).

In terms of constant currency (CC), the tech firm’s revenue inched up 2.5% QoQ and 4.6% year-on-year (YoY).

HCL Tech’s dollar revenue for the quarter stood at $3,644 million, growing 2.8% QoQ and 5.8% YoY.

For Q2 FY26, the earnings before interest and taxes (EBIT) advanced 11.3% to ₹5,503 crore as against ₹4,942 crore in Q1 FY26. The margin for the reporting period expanded 17.25% in contrast to 16.3% QoQ. The Q2 FY26 EBIT margin includes a 55 basis point (bps) impact of restructuring costs, HCL Tech said in a statement.

HCL Technologies’ Board of Directors has declared an interim dividend of ₹12 per equity share (face value ₹2) for FY26. The record date for the dividend is set for October 17, 2025, with the payment scheduled for October 28, 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. 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,” said C Vijayakumar, CEO & Managing Director, HCLTech.

HCL Technologies maintained its FY26 guidance and expects revenue growth for the fiscal year to be between 3% and 5% YoY in constant currency terms. Its services revenue growth is also expected to be between 3% and 5.0% YoY in CC terms.

The company sees the EBIT margin to be between 17% and 18% for the present financial year.

HCL Tech’s new deal wins jumped 42% on quarterly basis and 16% YoY to $2,569 million.

Further, in Q2 FY26, the IT major added 3,489 employees, taking the total headcount to 226,640. The LTM attrition was at 12.6%, down from 12.9% in Q2 of last year.

Commenting on the earnings, Chairperson Roshni Nadar Malhotra said, “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.”

On Monday, shares of HCL Technologies settled at ₹1,494.10 apiece on the National Stock Exchange, falling 0.09%.