Key Highlights
- HCLTech reported revenue of ₹31,942 crore in Q2 FY26, up 5.2% quarter-on-quarter and 10.7% year-on-year
- EBIT stood at ₹5,550 crore with a margin of 17.4%, net income remained stable at ₹4,235 crore
- Bookings reached $2.57 billion, marking a 42% QoQ and 16% YoY increase
- Total headcount rose to 226,640 employees with 5,196 freshers added in the quarter
- HCLTech’s Advanced AI revenue surpassed $100 million, Digital revenue contributed 42% to services
- Company declared a dividend of ₹12 per share , 91st consecutive quarterly payout
HCL Technologies Ltd (HCLTech) announced robust financial performance for the second quarter of FY26, driven by steady revenue growth, expanding margins, and strong momentum in AI-led services.
The IT major’s revenue rose 10.7% year-on-year to ₹31,942 crore, marking a sequential growth of 5.2%. In constant currency terms, revenue increased by 2.4% quarter-on-quarter and 4.6% year-on-year. Dollar revenue stood at $3,644 million, reflecting a 5.8% YoY growth.
Profitability improved during the quarter with EBIT at ₹5,550 crore, representing a margin of 17.4%, up 12.3% sequentially. Net income was ₹4,235 crore, maintaining a margin of 13.3%. The company also announced a dividend of ₹12 per share, continuing its streak of 91 consecutive quarterly payouts.
Bookings surged to $2.57 billion, a 41.8% QoQ and 15.8% YoY rise, underscoring strong deal momentum. Total employee count reached 226,640, with 3,489 net additions and 5,196 freshers onboarded. Attrition declined to 12.6%, compared to 12.9% a year earlier.
HCLTech’s digital services continued to lead growth, with Digital revenue rising 15% YoY in constant currency and accounting for 42% of overall services. The company’s Advanced AI revenue exceeded $100 million in the quarter, reflecting growing client adoption of its AI Force platform and GenAI offerings.
Chairperson Roshni Nadar Malhotra emphasized that the quarter marked “a standout performance on every front,” highlighting strong execution and sustained demand for AI-powered solutions. CEO & Managing Director C Vijayakumar noted the company’s continued focus on capital efficiency, with return on invested capital (ROIC) improving to 38.6% for the company and 45.3% for the services business. CFO Shiv Walia reiterated HCLTech’s strategy to enhance profitability and invest in next-generation technologies.
The company maintained its FY26 guidance, projecting constant currency revenue growth between 3% and 5% and EBIT margins in the range of 17% to 18%.
HCLTech also received several industry accolades, including recognition as a Leader in multiple AI and cloud service assessments by Gartner, IDC, and Everest Group. The firm was named “AI Partner of the Year” by Dell and included in Microsoft’s AI Business Solutions Inner Circle for 2025–26.