HCL Tech Q2 Results: PAT Jumps 10.2% QoQ To Rs 4,235 Crore, Revenue Beats Estimates; FY26 Guidance Unchanged

HCL Technologies has recorded a healthy growth in its Q2 results for FY26. Consolidated net profit came in at Rs 4,235 crore, registering a growth of 10.2% QoQ. However, profitability was broadly flat on year-on-year basis. The tech giant's revenue surpassed estimates to Rs 31,942 crore in Q2FY26, rising by 5.2% QoQ and 10.7% YoY.

"We continue to perform well despite the uncertain business environment and are investing in new technologies and capabilities to unlock growth opportunities. The upskilling of our global talent base remains a key priority and an enabler of innovation for our clients," said RoshniNadarMalhotra, Chairperson at HCL Tech.

On the top-line front, HCL posted constant currency revenue growth of 2.4% QoQ and 4.6% YoY. The company's dollar revenues stood at $3,644 million, up by 2.8% QoQ and higher by 5.8% YoY.

Also, HCLTech Services constant currency revenue growth came in at 2.5% QoQ and 5.5% YoY. The digital segment's revenue in constant currency stood at 15% YoY, contributing 42% of the services. Additionally, advanced AI quarterly revenue crossed $100 million.

Meanwhile, other segments also recorded healthy growth. HCLTech Software constant currency revenue growth is at 2.5% QoQ and 5.5% YoY, while subscription & support and Professional Services CC Revenue up 8.0% YoY.

In returns metrics, HCL's EBIT stood at Rs 5,550 crore, up by 12.3% QoQ and 3.5% YoY, and dollar EBIT came in at $637 million up by 10.2% QoQ but down 0.5% YoY. Notably, Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost.

Talking about the performance, CVijayakumar, CEO & Managing Director at HCL Tech said, "A standout quarter on every front - marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding $100M this quarter. Our revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%."

He added, "For the first time, our new bookings surpassed $2.5 billion, without reliance on any mega-deal. We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY aligned with our AI growth strategy."

HCL won new deals of $2,569 million, registering a whopping 41.8% sequential growth. The growth was 15.8% on year-on-year basis.

However, HCL has kept its FY26 guidance unchanged. The company's revenue growth is expected to be between 3.0% - 5.0% YoY in CC. While services revenue growth is expected to be in the range of 4.0% - 5.0% YoY in CC. EBIT margin to be between 17.0% - 18.0%.

After market hours on BSE, HCL share price closed flat at Rs 1494.70 apiece on BSE, with market cap of Rs 4,05,611.52 crore.