HCLTech reported a robust Q3 FY26 with revenue reaching ₹33,872 Crores, a 6.0% QoQ increase and 13.3% YoY growth. Constant Currency revenue grew by 4.2% QoQ and 4.8% YoY. The company secured new deal wins worth $3,006M, up 17.0% QoQ. EBIT margin stands at 18.6%, with a proposed dividend of ₹12 per share.
Financial Highlights
HCLTech’s financial performance for Q3 FY26 showcases significant growth:
- INR Revenue:₹33,872 Crores, up 6.0% QoQ and 13.3% YoY
- USD Revenue:$3,793M, up 4.1% QoQ and 7.4% YoY
- Constant Currency Revenue: Increased by 4.2% QoQ and 4.8% YoY
Segment Performance
The company experienced notable performance across its segments:
- HCLTech Services CC Revenue: Increased by 1.8% QoQ and 5.0% YoY
- Digital CC Revenue: Contributed 43.2% of Services, with a 17.7% YoY increase
- Advanced AI Revenue: Reached $146M, up 19.9% QoQ CC
- HCLSoftware CC Revenue: Increased by 3.1% YoY, with ARR at $1.07B
Profitability and Returns
Key profitability metrics for Q3 FY26 include:
- EBIT:₹6,285 Crores (18.6% of revenue), up 13.2% QoQ and 8.0% YoY
- Net Income:₹4,795 Crores (14.2% of revenue), up 13.2% QoQ and 4.5% YoY
- ROIC (LTM basis): Company at 39.4%, up 277 bps YoY, Services at 45.9%, up 117 bps YoY
- FCF/NI:120% (on LTM basis)
New Deal Wins and Bookings
The company achieved strong bookings during the quarter:
- TCV (New Deal wins): At $3,006M, up 17.0% QoQ and 43.5% YoY
Workforce and Attrition
- Total People Count:226,379, with a net decrease of 261 employees
- Freshers Added:2,852
- LTM Attrition: Improved to 12.4%, down from 13.2% in Q3 of last year
FY26 Guidance
- Company Revenue growth expected to be between 4.0% – 4.5% YoY in CC
- Services Revenue growth expected to be between 4.75% – 5.25% YoY in CC
- EBIT margin to be between 17.0% – 18.0%
Source: BSE
