| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 31.9K | 5.3% | 10.7% |
| Total Income | 32.4K | 5.0% | 10.4% |
| Expenditure | 26.7K | 4.1% | 12.8% |
| PBT | 5.7K | 9.9% | 0.3% |
| Net Profit | 4.2K | 10.2% | 0.0% |
| OPM | 20.49% | 0.60pp | |
| NPM | 13.09% | 0.61pp | |
| EPS | 15.63 | 10.2% | 901.9% |
HCLTech Reports Strong Q2 FY26 Earnings with 2.4% Sequential Revenue Growth and 116 bps Sequential Operating Margin Expansion
17 Oct 2025 · 17 Oct 2025, 10:11 pm
Summary
HCL Technologies Ltd reported strong Q2 FY26 earnings with 2.4% sequential revenue growth and 116 basis points sequential operating margin expansion. The company's revenue grew 2.4% sequentially and 4.6% on a year-on-year basis in constant currency. The Services business grew 2.5% sequentially and 5.5% year- on-year in constant currency. The Software business' Subscription, Support and Professional Services revenue grew 9% year-on-year. The company generated over $100 million in Advanced AI revenue through diverse service lines and IPs.
Key Highlights
- 1
2.4% sequential revenue growth
- 2
4.6% year-on-year revenue growth in constant currency
- 3
2.5% sequential growth in Services business
- 4
5.5% year-on-year growth in Services business in constant currency
- 5
9% year-on-year growth in Software business' Subscription, Support and Professional Services revenue
- 6
$2.6 billion of new bookings
- 7
First time crossed $2.5 billion mark without a contribution from any mega deal
- 8
Signed two large deals
- 9
Generated over $100 million in Advanced AI revenue
- 10
3% of total revenue from Advanced AI
Management Comments
C. Vijayakumar
This was a strong and energizing quarter for us with broad-based growth, expansion in margins, and exceptional bookings. We are seeing the results of a strategy come to life, and am proud of how our teams are executing and winning in the market.
Shiv Walia
Little later, Shiv would unpack detailed financials across service lines, geographies, verticals, and the client segments.
Informational and educational content only. Not investment advice.