HCLTech reported a strong Q2 FY26 with revenue reaching ₹31,942 Crores, a 5.2% increase QoQ. The company’s constant currency revenue also increased by 2.4% QoQ. New deal wins (TCV) reached $2,569M, marking a 41.8% QoQ jump. HCLTech’s Advanced Al quarterly revenue surpassed $100M. The company’s EBIT margin stood at 17.4%. HCLTech expects revenue growth between 3.0% – 5.0% YoY in CC for FY26.
Financial Performance Highlights
HCLTech’s Q2 FY26 demonstrated solid financial performance:
- INR Revenue: Reached ₹31,942 Crores, up 5.2% QoQ and 10.7% YoY.
- Constant Currency Revenue: Increased by 2.4% QoQ and 4.6% YoY.
- USD Revenue: At $3,644M, reflecting a 2.8% QoQ and 5.8% YoY increase.
Key Growth Drivers
Several factors contributed to HCLTech’s strong performance:
- HCLTech Services: CC Revenue up 2.5% QoQ and 5.5% YoY.
- Digital Revenue: Grew by 15.0% YoY, contributing 42.0% to Services revenue.
- Advanced Al: Quarterly revenue exceeded $100M.
- Subscription & Support Services: CC Revenue increased by 8.0% YoY.
Bookings and Deal Wins
The company secured significant new deals during the quarter:
- TCV: New deal wins reached $2,569M, up 41.8% QoQ and 15.8% YoY.
Profitability and Return Metrics
HCLTech maintained healthy profitability metrics:
- INR EBIT: Stood at ₹5,550 Crores (17.4% of revenue), up 12.3% QoQ and 3.5% YoY.
- USD EBIT: Reached $637M (17.5% of revenue), up 10.2% QoQ.
- NI: At ₹4,235 Crores (13.3% of revenue), up 10.2% QoQ.
Talent and Attrition
- Total People Count: Reached 226,640, with a net addition of 3,489 employees.
- Freshers Added: 5,196 freshers joined the company.
- LTM Attrition: Decreased to 12.6%.
FY26 Guidance
HCLTech provided the following guidance for FY26:
- Revenue Growth: Expected to be between 3.0% – 5.0% YoY in CC.
- Services Revenue Growth: Projected between 4.0% – 5.0% YoY in CC.
- EBIT Margin: Expected to be between 17.0% – 18.0%.
Source: BSE
