IT Consulting & Software company HCL Technologies announced Q2FY26 results Revenue: Revenue of Rs 31,942 crore, up 5.2% QoQ & up 10.7% YoY. Constant Currency (CC) Revenue up 2.4% QoQ & up 4.6% YoY. Profitability & Return Metrics: EBIT at Rs 5,550 crore (17.4% of revenue), up 12.3% QoQ & up 3.5% YoY. Q2FY26 EBIT Margin includes 55 bps impact of restructuring cost NI at Rs 4,235 crore (13.3% of revenue), up 10.2% QoQ & flat YoY. ROIC (on LTM basis) – Company at 38.6%, up 290 bps YoY; Services at 45.3%, up 180 bps YoY. Dividend of Rs 12/- per share, 91st consecutive quarter of dividend pay-out. Bookings: TCV (New Deal wins) at USD 2,569 million, up 41.8% QoQ & up 15.8% YoY. People: Total People Count at 226,640; Net addition: 3,489. Added 5,196 freshers. LTM Attrition at 12.6%, (down from 12.9% in Q2FY25). Roshni Nadar Malhotra, Chairperson, HCLTech, said: “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.” C Vijayakumar, CEO & Managing Director, HCLTech, said: “A standout quarter on every front — marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding USD 100 million this quarter. Our revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%. For the first time, our new bookings surpassed USD 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.” Shiv Walia, Chief Financial Officer, HCLTech, said: “HCLTech delivered strong Rs revenue growth of 5.2% QoQ and 10.7% YoY in Q2FY26. This superior revenue growth is accompanied by enhanced profitability and solid cash generation, with Last Twelve Month (LTM) FCF/NI ratio at 125%. We remain committed to improving our capital efficiency and are pleased to report LTM ROIC for the company is 38.6%, up 290 bps YoY and for Services business is 45.3%, up 180 bps YoY.” Result PDF
Conference Call with HCL Technologies Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.