HCL Tech Q2 FY26 Results: Profit Steady, Revenue Up Nearly 10%, Guidance Maintained

reported a steady performance in its Q2 FY26 results, posting a consolidated net profit of ₹4,235 crore — almost flat year-on-year — while revenue rose close to 10%, reaching ₹31,942 crore. The company’s operating margin stood at around 17.5%, slightly impacted by restructuring costs, but EBIT in rupee terms grew about 3.5% YoY, reflecting stable core profitability. The IT giant recorded robust deal momentum, with total contract value of new bookings at $2.57 billion, marking a healthy sequential growth and reaffirming client confidence even without large mega deals. This strong pipeline highlights consistent demand across verticals, particularly in engineering and digital transformation services. Employee metrics remained solid as HCL added a net of 3,489 employees during the quarter, including over 5,000 freshers, taking its total workforce to approximately 2.26 lakh. Attrition continued to decline, falling to 12.6% — one of the lowest in the sector. The board also declared an interim dividend of ₹12 per share, extending its remarkable streak of 91 consecutive quarters of payouts. On guidance, the company maintained its FY26 revenue growth forecast at 3–5% in constant currency terms and EBIT margin guidance of 17–18%. It reiterated focus on optimizing workforce mix by reducing dependency on H-1B visa hires and confirmed that salary hikes will roll out starting October. Overall, HCL Tech delivered a resilient quarter amid global macro uncertainties, balancing stable margins, consistent deal wins, and strong employee management. The results reaffirm its steady growth trajectory and disciplined operational approach in a challenging environment. Source: Mint No Recommendations