Overview

• HCLTech reported Q2 FY26 revenue of Rs 31,942 crore and net profit of Rs 4,235 crore, up 5.2% and 10.2% sequentially, respectively.
• Operating margin improved to roughly 17.2–17.5%, a gain of 90–120 basis points quarter-on-quarter, supported by efficiency gains and deal ramp-ups.
• New deal wins reached about $2.56–2.57 billion, a roughly 42% jump from Q1, with management noting no reliance on a single mega deal.
• Advanced AI revenue exceeded $100 million in the quarter, representing about 3% of the topline as clients adopted AI-led solutions across industries.
• The company maintained FY26 guidance of 3–5% constant-currency revenue growth and 17–18% EBIT margin, declared a Rs 12 interim dividend (record date Oct 17; payment Oct 28), added 3,489 employees, merged juniors’ quarterly variable pay into fixed salary, planned October increments, and outlined steps to lessen H‑1B visa dependence.