HCL Tech Q2 Results LIVE: Share Price Trades Flat Ahead of Earnings; Guidance, Deal TCV & Dividend in Focus

HCL Technologies, India’s third-largest IT services company by market capitalization, is set to announce its Q2 FY26 results today, October 13, 2025. The company’s board will also consider the third interim dividend for FY26.

HCL Tech Share Price Ahead of Q2 Results

Ahead of the earnings announcement, HCL Tech shares traded flat, reflecting investor caution. Analysts are eyeing the company’s revenue growth, net profit, margin expansion, and guidance for FY26.

Q2 Results Preview

Revenue is projected to grow 3–5% YoY in constant currency (CC), driven by BFSI and Hi-tech verticals.

Net profit and EBIT margins are expected to improve sequentially (QoQ).

Services business is expected to grow 1.8% QoQ, while products business may see 0.8% QoQ growth.

Deal wins in the $2.5–3 billion TCV range are anticipated, with AI adoption and discretionary spend trends under focus.

Key Things to Watch

Revenue and margin guidance for FY26.

Performance of services and ERD business.

Impact of recent US tariff changes on manufacturing and retail segments.

Cost optimization, vendor consolidation deals, and enterprise AI adoption.

Analyst Insights

Axis Securities expects 3.3% QoQ revenue growth to ₹31,252 crore and 11.2% net profit growth to ₹4,275 crore. EBIT margin may expand 87 bps to 17.2%.

Kotak Institutional Equities projects services-led growth, with FY26 revenue guidance of 3–5% YoY and EBIT margin of 17–18%.

Motilal Oswal anticipates full-year CC growth of 3.6%, with BFSI and Hi-tech performing better than manufacturing and automotive sectors.

Stay tuned to our HCL Tech Q2 Results Live Blog for real-time updates on earnings, guidance, and board decisions.