How Did HCL Tech Deliver a Standout Q2 FY26 Amid Global IT Slowdown?
HCL Technologies Limited reported consolidated Q2 FY26 results showing net profit of ₹4,235 crore, up 10% sequentially, with revenue rising 5% QoQ to ₹31,942 crore. EBIT margin improved to 17.22% versus 16.28% in the previous quarter.
The company recorded strong digital transformation traction, with constant currency revenue up 4.6% YoY and advanced AI revenues surpassing $100 million this quarter. TCV for new deal wins stood at $2.57 billion, up nearly 42% QoQ.
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HCL Tech’s service revenue grew 5.8% YoY in USD terms, driven by strong digital, engineering, and cloud adoption across BFSI, healthcare, and manufacturing verticals. Attrition dropped to 12.6%, marking a seven-quarter low.
The company hired 5,196 freshers in Q2 FY26, its highest quarterly hiring since December 2022, taking total headcount to 226,640. Management cited strong execution, growing AI demand, and record deal flow as key positives for FY26.
The board declared a dividend of ₹12 per share with a record date of October 17, reaffirming consistent shareholder returns. Management upgraded FY26 constant currency growth guidance to 4–5%, reflecting a confident outlook.
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Analysts expect HCL Tech to maintain industry-leading growth in AI and digital verticals, supported by strong deal momentum and resilient client spending across Europe and North America.
Investor Takeaway: Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that HCL Tech’s diversified portfolio, rising AI contribution, and stable margins position it favorably among large-cap IT peers in FY26.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment adviser before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
