HCL Tech Q2FY26 Results: Profit Flat at ₹4,235 Crore; Revenue Jumps 11% YoY — 5 Key Highlights

HCL Technologies, which is a leading player in the IT industry, declared a combined net profit of ₹4,235 crore for the financial quarter ending on September 30, 2025 (Q2FY26) on Monday. This profit level was the same as in the previous year’s corresponding quarter (Q2FY25).

The company reported the identical profit amount of ₹4,235 crore for Q2FY25.

Nonetheless, the profit for the most recent quarter increased by 10.2%, rising from ₹3,843 crore in Q1FY26, which illustrated the company's operational strength.

During the year, the firm’s operational income rose by 10.7% to ₹31,942 crore which was ₹28,862 crore in the same quarter last year. On a quarter-on-quarter (QoQ) basis, revenues rose 5.25% from ₹30,349 crore in Q1FY26.

Roshni Nadar Malhotra, Chairperson of HCL Technologies, noted, “We continue to perform very well in spite of a challenging business climate. Our focus is on emerging technologies and improving the skills of our global workforce so that innovation and client growth are driven through the innovation.”

HCL Tech Q2FY26 Earnings — 5 Key Highlights

1. Revenue and Profit Growth

In CC terms (Constant Currency), HCL Tech's revenue grew by 2.4% QoQ and 4.6% YoY. Revenue in dollars went up by 2.8% QoQ and 5.8% YoY and reached $3,644 million.

The services area accounted for a 2.5% growth in CC terms over the preceding quarter and a 5.5% increase as compared with last year.

2. Operating Margins and EBIT

The Earnings Before Interest and Tax (EBIT) amounted to ₹5,550 crore, gaining 12.3% from the previous quarter and 3.5% year-on-year, accounting for 17.4% of the revenue.

In dollar figures, the EBIT was $637 million (17.5% of total revenue).

The EBIT margin for the third quarter rose to 17.5% from 16.3% in Q1FY26, although it was slightly below the 18.6% YoY. The margin absorbed a 55-bps effect from the reorganization costs.

Shiv Walia, CFO, HCL Tech, said, “the 10.7% YoY revenue growth for this quarter came along with higher profitability and strong cash generation, as our last-twelve-month (LTM) free cash flow to net income ratio was 125%.”

3. Dividend Announcement

The board of HCL Tech declared an interim dividend of ₹12 per share for the stockholders, which is a continuation of the company’s robust capital return policy.

4. Capital Efficiency and Returns

The company posted an LTM Return on Invested Capital (ROIC) of 38.6%, a year-on-year increase of 290 basis points. The ROIC for its core services business went up to 45.3%, which is an increase of 180 basis points compared to last year.

5. Outlook and Strategy

HCL Tech allocated its resources to the areas that would bring about the greatest impact, such as investment in AI, cloud computing, and digital transformation capabilities, which would be of long-term growth even with the macroeconomic pressures. The company declared that the upskilling of talent and client-centric innovation would remain the backbone of its growth strategy.

HCL Tech Q2FY26 At A Glance

• Net Profit: ₹4,235 crore (flat YoY, up 10.2% QoQ)
• Revenue: ₹31,942 crore (up 10.7% YoY, 5.25% QoQ)
• EBIT Margin: 17.5%
• ROIC: 38.6%
• Dividend: ₹12 per share