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HCL Technologies (HCLTECH) investor relations material

HCL Technologies Q2 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 25/26 earnings summary13 Oct, 2025

Executive summary

  • Achieved consolidated revenue of ₹31,942 crore ($3,644M) for Q2 FY26, up 2.4% sequentially and 4.6% year-on-year in constant currency, driven by strong performance in services and advanced AI initiatives.

  • Bookings reached a record $2.6 billion, up 41.8% quarter-on-quarter and 15.8% year-on-year, with no mega-deal reliance and balanced wins across service lines and geographies.

  • Advanced AI quarterly revenue exceeded $100 million, now about 3% of total revenue, with significant investments in AI IP, partnerships, and talent development.

  • Recognized by Time Magazine, Forbes, and for digital sustainability and industry awards.

  • Net addition of 3,489 employees, with attrition at 12.6% (down YoY).

Financial highlights

  • Total revenue for the quarter was ₹31,942 crore ($3,644M), up from ₹28,862 crore in Q2 FY25; EBIT was $637 million (17.4% margin), net income $486 million (13.3% margin), and operating margins up 116 basis points sequentially.

  • Services revenue grew 2.5% sequentially and 5.5% year-on-year; software revenue grew 0.5% sequentially but declined 3.7% year-on-year.

  • Operating cash flow for the last 12 months was $2.62 billion, free cash flow $2.48 billion, and DSO improved to 56 days.

  • Interim dividend of ₹12 per share declared, with a 12-month payout of ₹60 per share (95.7% of net income); 91st consecutive quarter of payout.

  • Net profit for Q2 FY26 was ₹4,236 crore, nearly flat year-on-year; total comprehensive income was ₹5,182 crore.

Outlook and guidance

  • Raised full-year services revenue growth guidance to 4–5% in constant currency; company-level guidance remains at 3–5% due to software segment softness.

  • EBIT margin guidance maintained at 17–18%, with wage revision impacts expected in Q3 and Q4 already factored in.

  • Interim dividend of ₹12 per share declared for FY26, with record date on October 17, 2025.

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Frequently asked questions

HCL Technologies Limited is an Indian multinational information technology services, offshoring, and consulting company headquartered in Noida, Uttar Pradesh, India. HCLT services include software engineering and maintenance, offshore business process outsourcing, Application Service Provider and Knowledge Process Outsourcing and infrastructure management services. The company also provides IT enabled, business process outsourcing to clients in the Telecom sector. The company is based in Noida, India.

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