HCL Technologies reports strong Q2 FY26, declares dividend

HCL Technologies reported consolidated INR revenue of ₹31,942 crores, up 5.2% quarter-over-quarter (QoQ) and 10.7% year-over-year (YoY), with USD revenue reaching $3,644m, up 2.8% QoQ and 5.8% YoY for the quarter ended September 30, 2025. The company’s services revenue in constant currency (CC) increased by 2.5% QoQ and 5.5% YoY, driven by Digital CC Revenue growing 15.0% YoY and contributing 42.0% of services. The EBIT margin stood at 17.5%, including a 55 basis points impact from restructuring costs, with a net income of ₹4,235 crores (13.3% of revenue) in Q2 FY26.

Bookings for the period saw a Total Contract Value (TCV) of $2,569m, a 41.8% QoQ and 15.8% YoY increase. The total people count reached 226,640, with a net addition of 3,489 employees and 5,196 freshers. The Last Twelve Month (LTM) attrition rate was 12.6%. The board of directors also declared an interim dividend of ₹12 per equity share of ₹2, with a record date of October 17, 2025, and payment on October 28, 2025. This marks the 91st consecutive quarter of dividend payouts.