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HCL Technologies Ltd — Earnings Release 2026
Oct 13, 2025
62415_rns_2025-10-13_3b145366-8c1e-4193-9b56-18dbf1c6868c.pdf
Earnings Release
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October 13, 2025
| The General Manager | The Manager |
|---|---|
| BSE Limited | National Stock Exchange of India Limited |
| Corporate Relationship Department | Listing Department |
| Phiroze Jeejeebhoy Towers | Exchange Plaza |
| Dalal Street | 5th Floor, Plot No. C-1, Block-G |
| Mumbai- 400 001 | Bandra-Kurla Complex, Bandra(E) |
| Mumbai-400 051 | |
| BSE Scrip Code: 532281 | NSE Scrip Code: HCLTECH |
Sub.: Investor Release Q2 FY 2026
Dear Sir/Madam,
Enclosed please find an Investor Release dated October 13, 2025 on the financial results of the Company for the quarter and half-year ended September 30, 2025.
Thanking you, For HCL Technologies Limited MANISH Digitally signed by MANISH ANAND ANAND Date: 2025.10.13 17:28:13 +05'30'
Manish Anand Company Secretary
Encl: a/a
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HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 120 4306000
Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India
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Q2 FY26 Investor Release
October 13, 2025 Noida, India
Safe Harbor Statement
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company or any other person that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
Q2 FY 2026 Highlights
-
Revenue
-
1 • INR Revenue of ₹31,942 Crores , up 5.2% QoQ & up 10.7% YoY
3
Bookings
-
TCV (New Deal wins) at $2,569M , up 41.8% QoQ & up 15.8% YoY
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Constant Currency (CC) Revenue up 2.4% QoQ & up 4.6% YoY
-
USD Revenue of $3,644M , up 2.8% QoQ & up 5.8% YoY
-
HCLTech Services CC Revenue up 2.5% QoQ & up 5.5% YoY
-
Digital CC Revenue up 15.0% YoY; contributes 42.0% of Services
-
Advanced AI quarterly Revenue crossed $100M*
4
People
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Total People Count at 226,640 ; Net addition: 3,489
-
Added 5,196 freshers
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LTM Attrition at 12.6%, (down from 12.9% in Q2 of last year)
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HCLSoftware CC Revenue down 3.7% YoY
-
Subscription & Support and Professional Services CC Revenue up 8.0% YoY
-
HCLSoftware ARR at $1.06B , up 0.6% YoY CC
Profitability & Return Metrics 2 • INR EBIT at ₹5,550 Crores 5,550 Crores
-
INR EBIT at ₹5,550 Crores 5,550 Crores (17.4% of revenue), up 12.3% QoQ & up 3.5% YoY
-
USD EBIT at $637M (17.5% of revenue), up 10.2% QoQ & down 0.5% YoY
-
Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
-
NI at ₹4,235 Crores (13.3% of revenue), up 10.2% QoQ & flat YoY
-
ROIC (on LTM basis) – Company at 38.6%, up 290 bps YoY; Services at 45.3%, up 180 bps YoY
-
FCF/NI at 125% (on LTM basis)
5
6
ESG - Awards and Recognitions
- HCLTech honored as ANZ Winner for Exceptional Digital Sustainability Strategies and Initiatives at the 2025 ISG Paragon Awards
FY26 Guidance
-
Company Revenue growth expected to be between 3.0% - 5.0% YoY in CC
-
Services Revenue growth expected to be between 4.0% - 5.0% YoY in CC
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EBIT margin to be between 17.0% - 18.0%
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Dividend of ₹12/- per share, 91[st] consecutive quarter of dividend pay-out
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For a detailed definition of “Advanced AI”, please refer to Slide 12
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Leadership Comments
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Roshni NadarMalhotra Chairperson HCLTech
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CVijayakumar CEO & Managing Director HCLTech
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Shiv Walia Chief Financial Officer HCLTech
“We continue to perform well despite the uncertain business environment and are investing in new technologies and capabilities to unlock growth opportunities. The upskilling of our global talent base remains a key priority and an enabler of innovation for our clients.”
“A standout quarter on every front — marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding $100M this quarter. Our revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%. For the first time, our new bookings surpassed $2.5 billion, without reliance on any mega-deal. We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY aligned with our AI growth strategy.”
“HCLTech delivered strong INR revenue growth of 5.2% QoQ and 10.7% YoY in Q2 FY26. This superior revenue growth is accompanied by enhanced profitability and solid cash generation, with Last Twelve Month (LTM) FCF/NI ratio at 125%. We remain committed to improving our capital efficiency and are pleased to report LTM ROIC for the company is 38.6%, up 290 bps YoY and for Services business is 45.3%, up 180 bps YoY.”
Quarterly Performance Trends – $
HCLTech Consolidated
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Revenues
In $M
3,644
3,533 3,498 3,545
3,445
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Revenue Growth YoY CC Services YoY CC
5.9% 5.5%
4.9% 4.5%
2.7%
6.2%
4.1% 3.7% 4.6%
2.9%
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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- Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
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EBIT
In $M
690
640 626 637
578
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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EBIT Margin
18.6% 19.5% 17.9%
16.3% 17.5%
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Net Income
In $M
544
506
495 486
450
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Net Income Margin
15.4%
14.7% 14.2%
13.3%
12.7%
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Quarterly Performance Trends – ₹
HCLTech Consolidated
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Revenues
In ₹ Crores
31,942
29,890 30,246 30,349
28,862
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Revenue Growth YoY INR Services YoY INR
11.6%
8.9%
7.8%
5.9% 5.9% 10.7%
8.2% 8.2%
6.1%
5.1%
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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- Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
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EBIT
In ₹ Crores
5,821
5,550
5,362 5,442
4,942
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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EBIT Margin
18.6% 19.5% 18.0%
16.3% 17.4%
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Net Income
In ₹ Crores
4,591
4,235 4,307 4,235
3,843
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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Net Income Margin
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15.4%
14.7% 14.2%
13.3%
12.7%
Sep'24 Dec'24 Mar'25 Jun'25 Sep'25
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LTM Performance Trends
HCLTech Consolidated
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EPS (Diluted) Client Category
In ₹ Number of Clients
62.02 62.57
56.95
50.94
42.51
Sep'21 Sep'22 Sep'23 Sep'24 Sep'25
FCF/NI NI FCF NI FCF
In $M
5-Year Average: ~122% FCF/NI: 125%
2,662
2,477
2,388
2,004 1,976
1,847 1,792 1,825 1,871
1,570
Sep’21 Sep’22 Sep’23 Sep’24 Sep’25
Sep'21 Sep'22 Sep'23 Sep'24 Sep'25 $100M+ $50M+ $20M+ $10M+ $5M+ $1M+
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Segment-wise Highlights for the Quarter ended 30-Sep-25
| Revenue Mix & Growth 30-Sep-24 30-Jun-25 30-Sep-25 YoY CC Growth QoQ CC Growth |
Revenue Mix & Growth 30-Sep-24 30-Jun-25 30-Sep-25 YoY CC Growth QoQ CC Growth |
Revenue Mix & Growth 30-Sep-24 30-Jun-25 30-Sep-25 YoY CC Growth QoQ CC Growth |
|---|---|---|
| IT and Business Services (A) | 74.6% 74.0% 74.2% |
3.8% 2.6% |
| Engineering and R&D Services (B) | 15.8% 17.0% 17.0% |
13.4% 2.2% |
| Services (A + B) | 90.4% 91.0% 91.2% |
5.5% 2.5% |
| HCLSoftware (C) | 9.9% 9.3% 9.1% |
(3.7%) 0.5% |
| Inter-segment (D) | (0.3%) (0.3%) (0.3%) |
|
| Total (A + B + C + D) | 100.0% 100.0% 100.0% |
4.6% 2.4% |
| EBIT Margin 30-Sep-24 30-Jun-25 30-Sep-25 YoY BPS change QoQ BPS change |
||
| IT and Business Services | 17.6% 15.1% 16.3% |
(130) 114 |
| Engineering and R&D Services | 18.5% 17.7% 17.5% |
(106) (26) |
| Services | 17.8% 15.6% 16.5% |
(125) 88 |
| HCLSoftware | 25.6% 22.4% 26.5% |
90 408 |
| Total | 18.6% 16.3% 17.5%* |
(112) 116 |
| * Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost | ||
| LTM ROIC | 30-Sep-24 30-Jun-25 30-Sep-25 |
|
| HCLTech Services | 43.5% 45.2% 45.3% |
|
| HCLSoftware | 17.8% 20.8% 21.8% |
|
| HCLTech | 35.7% 38.1% 38.6% |
-
Inter-segment revenue is related to products and services of HCLSoftware used by Services business in rendering services to their customers.
-
Estimated effective tax rate for HCLSoftware segment has been arrived at by applying the tax on Specific units/entities from where HCLSoftware business operates. Residual tax has been allocated to Services business.
-
Common assets and liabilities have been allocated between the businesses in ratio of last twelve months revenues.
HCLSoftware Metrics
| HCLSoftware Revenue | Quarter Ended |
|---|---|
| 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 |
|
| Perpetual License Upfront & Others | 58 49 34 29 24 |
| Subscription & Support | 267 329 295 282 290 |
| Professional Services | 17 21 19 19 19 |
| Total Revenue | 342 400 348 330 333 |
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Perpetual License upfront and others revenue includes upfront revenue recognized from perpetual licenses and compliance revenues.
-
Subscription and Support r evenue includes all term subscription revenues, support revenues (including those attributable to perpetual licenses) and Software-as-aService (SaaS) revenues.
-
Revenue share from IP Partnerships is included in respective lines above based on the information provided by the partners.
| HCLSoftware ARR | Quarter Ended |
|---|---|
| 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 |
|
| ARR | 1,049 1,022 1,033 1,057 1,062 |
| ARR Growth YoY CC | 0.6% (0.6%) 1.8% 1.3% 0.6% |
Annual Recurring Revenue (ARR) is the annualized value of all term subscription licenses, support obligations (including those attributable to perpetual licenses) and Software-as-a-Service (SaaS) contracts that are active on the last day of the quarter. In respect of IP Partnerships, ARR is computed based on annualized value of HCL’s revenue share of the revenue reported by the partners for support services and new license sales in the current quarter. ARR excludes upfront revenue recognized on sale of perpetual licenses, professional services and any other non-recurring revenue.
ARR is an operating metric, which should be viewed independently of revenue and is not a forecast of future revenues. Growth in ARR may not always be reflected in Revenue growth.
Services Revenue Mix and Growth for Quarter ended 30-Sep-25 Services Revenue up 2.5% QoQ & up 5.5% YoY in Constant Currency
By Geographies
| Details | 30-Sep-24 30-Jun-25 30-Sep-25 |
YoY CC Growth |
|---|---|---|
| USA | 58.5% 56.5% 56.2% |
2.4% |
| Europe | 26.7% 28.3% 28.3% |
7.6% |
| India | 3.5% 3.3% 3.2% |
0.6% |
| ROW | 11.3% 11.9% 12.4% |
17.9% |
By Verticals
| Details | 30-Sep-24 30-Jun-25 30-Sep-25 |
YoY CC Growth |
|---|---|---|
| Financial Services | 20.5% 21.6% 21.7% |
11.4% |
| Manufacturing | 19.5% 18.6% 18.3% |
(1.8%) |
| Lifesciences & Healthcare | 16.0% 14.5% 14.7% |
(3.0%) |
| Technology and Services | 13.1% 14.0% 14.0% |
13.9% |
| Telecommunications, Media, Publishing & Entertainment | 12.1% 13.1% 12.7% |
11.7% |
| Retail & CPG | 9.6% 9.7% 9.6% |
5.5% |
| Public Services# | 9.2% 8.5% 8.9% |
2.2% |
Public Services include Energy & Utilities, Travel - Transport - Logistics and Government
Client Metrics
| Number of $M Clients (LTM) | 30-Sep-24 30-Jun-25 30-Sep-25 |
YoY Change QoQ Change |
|---|---|---|
| $100M+ | 22 22 22 |
- - |
| $50M+ | 52 54 54 |
2 - |
| $20M+ | 137 144 151 |
14 7 |
| $10M+ | 251 255 258 |
7 3 |
| $5M+ | 402 402 406 |
4 4 |
| $1M+ | 952 956 954 |
2 (2) |
| Client Contribution to Revenue (LTM) | 30-Sep-24 30-Jun-25 30-Sep-25 |
|
| Top 5 Clients | 12.1% 12.6% 12.4% |
|
| Top 10 Clients | 20.1% 20.2% 19.9% |
|
| Top 20 Clients | 30.8% 29.9% 29.5% |
|
| Days Sales Outstanding | 30-Sep-24 30-Jun-25 30-Sep-25 |
|
| Days Sales Outstanding* | 57 59 56 |
*Excluding unbilled receivables
HCLTech’s AI Propositions and IPs
Service Transformation
Advanced AI
HCLTech AI IPs
We are transforming our Services portfolio by leveraging industryleading Advanced AI solutions, including GenAI, Agentic AI and Robotics, powered by HCLTech’s AI Force platform and Service as Software offerings.
Classical AI
-
Industry AI Solutions
-
➢ HCLTech IP-led AI Solutions
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➢ Custom AI Solutions
-
AI Engineering
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➢ Custom Silicon Engineering
-
➢ AI Product Engineering
-
Agentic AI
-
➢ HCLTech Agentic Solutions
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➢ Partner Agentic Solutions
-
AI Force
-
➢ AI Force.Software
-
➢ AI Force.ITOps
-
➢ AI Force.BizOps
-
➢ AI Force.SAP
-
➢ AI Force.Data
-
HCL UnO
Includes Traditional AI propositions across AI/ML/RPA technologies
- **HCL Zeenea**
-
Physical AI
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➢ Edge AI
-
InsightGen
-
➢ Robotics • Intelligent Regulatory Platform (IRP)
-
• AI Factory – Build & Operate • Intelligent Safety Platform (ISP)
-
➢ For Hyperscalers, Tech OEMs, Enterprise and Sovereigns • NetSight
-
• AI Advisory • PaymentsX
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➢ Idea to MVP, Business case • Talent Navigator – “TaNGAI”
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➢ Responsible AI, AI Security, Red Teaming
-
• HCLTech AI IPs • VisionX
Exclusive AI and GenAI Deals
A US-based global power management company selected HCLTech to enhance operational technology (OT) support and establish AI labs to accelerate innovation, strengthen operational resilience and deliver scalable AI solutions across diverse industrial use cases. HCLTech will leverage its AI Engineering capabilities, cutting-edge AI tools and domain-specific frameworks to accelerate troubleshooting, improve system reliability and foster a collaborative environment for AI research and deployment.
A US-based aerospace major selected HCLTech to develop advanced contour scanning production software and a high-fidelity simulation test bed for their program. Leveraging Physical AI frameworks, intelligent automation and digital simulation technologies, HCLTech’s solutions will enable precision manufacturing, accelerate system validation and optimize production efficiency.
A public sector transport authority in Australia selected HCLTech to enhance safety and compliance across waterways using a computer vision-based Physical AI solution. Built on HCLTech AI Foundry , the solution enables real-time detection of congestion, unsafe behavior and hazards at boat ramps, reducing response times and preventing accidents.
A leading US-based telecom company selected HCLTech to launch an NVIDIA-powered Emerging Tech AI Lab. HCLTech is delivering advanced Cognitive Infrastructure Services , setting up a high-performance AI cluster and deploying state-of-the-art models such as Llama 405B, Maverick and Scout. This scalable, future-ready platform enables rapid AI experimentation and enterprise-wide AI adoption, reducing time-to-market and driving transformation.
A Europe-based global mining company selected HCLTech to implement an advanced industrial inspection platform powered by HCLTech’s Robotic Solutions . The AI-driven solution enables autonomous robotic inspections in industrial settings. It integrates ground robotics, 3D digital twins, computer vision and smart connectivity with existing infrastructure to improve asset monitoring, safety and operational efficiency.
A UK-based global biopharma major selected HCLTech AI Advisory services to build a secure, AIpowered internal knowledge platform to improve employee productivity and decision-making. HCLTech’s AI Advisory solution also enables rapid rollout of new use cases, improves accuracy and significantly reduces inspection time and external AI spend.
A US-based global manufacturer selected HCLTech AI Advisory services to build an Enterprise AI and Governance framework to scale AI initiatives with measurable ROI, regulatory compliance and Responsible AI principles. Through a maturity assessment and governance policy rollout, HCLTech embedded ethical AI practices across the enterprise, ensuring consistent governance, faster AI adoption and alignment with the company’s commitment to trustworthy innovation.
A Europe-based global telecom and technology company selected HCLTech AI Advisory services to build an AI framework focused on automation, incident response and regulatory compliance. Through a Responsible AI maturity assessment, gap analysis and red teaming, HCLTech delivered a governance track that ensures safe, ethical and scalable AI adoption across the enterprise.
A UK-based public sector entity selected HCLTech AI Advisory services to establish a governance framework for ethical, secure and auditable AI adoption in SAP Joule implementation. Leveraging offerings like maturity assessment, AI management system readiness and governance policy rollout, HCLTech delivered a Responsible AI Governance Assessment Report, enabling safe, compliant and transparent AI deployment in public services.
Key Deal Wins
Marriott Vacations Worldwide, the leading US-based vacation ownership and resort management company, expanded its partnership with HCLTech to modernize and transform its finance, accounting and mortgage operations. By implementing AI-powered digital solutions, HCLTech aims to increase efficiency and strengthen the organization’s operating model.
A Europe-based global retail major selected HCLTech to modernize its multi-channel application landscape. HCLTech’s solution will leverage AI Force to deliver a digital-first, future-ready platform that will enable seamless customer experiences across online and in-store channels while enhancing efficiency, scalability and agility across the client’s operations.
A leading Canadian retail chain selected HCLTech to accelerate ServiceNow deployment and implement AI Force to drive hyper automation across the client’s corporate offices, distribution centers and retail locations. Additionally, field services will also be delivered, further extending the reach and impact of the solution. HCLTech’s solution framework will enhance network availability across all locations and boost the cybersecurity posture.
One of the world’s largest commercial vehicle manufacturers, headquartered in Gothenburg, Sweden, has selected HCLTech for AI-powered digital foundation services, renewing and expanding its original agreement. The expanded scope of this multi-year digital transformation agreement includes modernizing IT infrastructure and digital foundation services using HCLTech’s GenAI-led platform, AI Force .
National Grid, a leading UK-based energy utility company, selected HCLTech as its strategic partner to support and modernize its digital workplace services. The partnership will focus on improving employee satisfaction and efficiency through advanced technology.
The Kraft Heinz Company, a US-based global consumer goods major, selected HCLTech as its strategic partner to manage a large portfolio of enterprise applications and infrastructure across commercial, supply chain and corporate functions. HCLTech will support Kraft Heinz by utilizing its AI frameworks to implement AI at scale, adopt agile methodologies, create a test and quality engineering center of excellence, and drive operational efficiency and large-scale transformation.
A leading Europe-based financial services provider selected HCLTech as its strategic IT partner to consolidate IT services, streamline vendor operations and manage the full lifecycle of enterprise applications. HCLTech will leverage its domain-led, scalable solutions and global delivery model to boost operational efficiency, accelerate innovation and enhance customer experience.
A US-based diagnostics company selected HCLTech to modernize its IT and digital operations for enhanced patient outcomes. HCLTech will leverage its full-stack portfolio to deliver high-quality processes that will unlock scale and efficiency across the client organization.
A US-based MedTech company selected HCLTech to provide end-to-end transformation across applications, infrastructure, cybersecurity and service desk operations. Leveraging its service transformation platform AI Force , HCLTech’s solution will drive automation, productivity gains and operational resilience—aligning with the customer’s innovation agenda in surgical robotics, AI-powered tools and ambulatory care expansion.
Ericsson, a leading Europe-based telecom OEM, selected HCLTech to modernize its mainframe and core applications as part of a broader digital transformation. The initiative includes upgrading to IBM Z17, integrating with hybrid cloud and applying GenAI for intelligent modernization. HCLTech’s solution will ensure secure, agile data operations while leveraging real-time AI and private GenAI to enhance fraud detection and risk assessment—without compromising performance.
Key Deal Wins
A leading US-based energy infrastructure company selected HCLTech to modernize legacy IT systems and enable future-ready capabilities. HCLTech will also deliver end-to-end application maintenance and support, infrastructure management, operations technology, among other services, ensuring improved efficiency, robust security and enhanced service quality for the client.
A US-based global fintech and payments company selected HCLTech to accelerate AI-led transformation and enhance customer experience across its vast suite of product offerings in banking, merchant acquiring, global commerce, billing and payments and point-of-sale solutions. HCLTech will leverage its AI Force platform to modernize applications at scale and will utilize its full-stack portfolio and pointed solutions to unlock significant value by optimizing business processes across the client organization.
An Asia-based telecom conglomerate selected HCLTech to provide engineering services across 11 countries. HCLTech will leverage its AI offerings, AI Force and AI Labs , along with industry-leading expertise in the telecom domain to drive innovation, scalability and operational efficiency for the client.
A leading Japan-based global MedTech company has selected HCLTech to enhance its complaints management processes, including regulatory assessments and investigations. HCLTech’s AI-driven solutions will deliver improved compliance, quality and efficiency levels for the client.
A US government entity selected HCLSoftware’s Actian solutions Ingres and OpenROAD for secure, high-performance and resilient data management solutions across their operations.
A Europe-based software company selected HCLSoftware’s Actian Ingress and Zeenea solutions to support an open platform that accelerates collaboration and innovation in financial services.
An Asia-based financial services company selected HCL Automation Orchestration Suite to modernize data center operations and HCL UNO ’s AI-enabled self-service capability to eliminate operational bottlenecks.
A leading North American telecom and media company selected HCL BigFix Workspace+ to enhance employee productivity by reducing service-defined tickets and improving resolution times.
A US-based financial services company selected HCL BigFix to deploy its server management solution across the enterprise (24,000 servers) to ensure patch automation for compliance.
A US government entity selected HCL BigFix to boost its security posture while managing risks in the areas of compliance, lifecycle management and inventory management.
A leading US-based global Electronic Design Automation major selected HCLTech for AI-based System on Chip(SoC) engineering support. HCLTech will assist the client in all phases of chip design, including Register Transfer Level (RTL), design verification, RTL quality checks, power and performance metric analysis and physical design.
An Australian State Government department selected HCLSoftware's Notes, Domino and Total Experience Platform (DX) to enable employees to efficiently share information around claims, medical treatment and access to benefits.
Client Comments
“At Kraft Heinz, we are committed to driving innovation and operational excellence across every facet of our business. Our strategic partnership with HCLTech enables us to modernize and scale our enterprise operations — from commercial and supply chain to corporate functions — with agility and intelligence. By leveraging HCLTech’s full-stack capabilities and AI-led transformation approach, we are confident in our ability to enhance productivity, accelerate decision-making and deliver exceptional value to our customers and stakeholders.”
“Our expanded partnership with HCLTech marks a strategic milestone in transforming our finance, accounting and mortgage operations. By leveraging their AI-powered digital solutions and global expertise, we are advancing toward a more efficient, future-ready organization.”
Jason Marino, Executive Vice President and Chief Financial Officer,
Marriott Vacations Worldwide
Corrado Azzarita, Global Chief Information Officer,
The Kraft Heinz Company
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"At Exact Sciences, our mission is to help eradicate cancer by preventing it, detecting it earlier, and guiding personalized treatment. We selected HCLTech as a partner because of their proven global capabilities and ability to scale with discipline. This collaboration will allow us to operate smarter, focus more of our resources on innovation, and ultimately accelerate the impact we can make for patients."
Alex Campos, VP - Global Process Excellence,
Exact Sciences
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"As Axiata Digital Labs expands globally, the collaboration with HCLTech centers on combining their strong digital engineering capabilities and global reach to meet the ever-evolving needs of our customers. This partnership reinforces our shared commitment to deliver scalable, AI-driven solutions including our Axonect API Management (APIM) and Digital Telco Enabler (DTE) platforms with enhanced service delivery worldwide."
Loh John Wu, Chief Operating Officer,
Axiata Digital Labs
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People Metrics
| Details (Quarter ended) | 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 |
|---|---|
| Total People Count | 218,621 220,755 223,420 223,151 226,640 |
| Technical | 204,600 206,517 209,182 208,970 212,412 |
| Sales and Support | 14,021 14,238 14,238 14,181 14,228 |
| Net Addition | (780) 2,134 2,665 (269) 3,489 |
| Freshers Added | 2,932 2,014 1,805 1,984 5,196 |
| Attrition (LTM) | 12.9% 13.2% 13.0% 12.8% 12.6% |
| Women Employees (%) | 28.8% 28.8% 28.8% 28.8% 29.3% |
Note: Attrition excludes involuntary attrition and Digital process operations
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-
Dual recognition from TIME magazine- Highest-ranked India-headquartered technology company for the second consecutive year in the World’s Best Companies 2025 list and ranked among the top 15 in Professional Services in the World’s Most Sustainable Companies 2025 list
-
Won 6 Golds, 3 Silvers and 1 Bronze at Brandon Hall Group Excellence Awards, 2025
-
Won in the category of Leading Practices in Employee Engagement at the PeopleFirst HR Excellence Awards — for the second year in a row.
-
16,600+ employees leveraged HCLTech's Value Creation Portal in Q2 FY26, generating, reviewing and approving 5,600+ ideas and implementing 2,190 ideas that delivered customer signed-off value worth $206 million.
-
47 patent applications were filed and 8 patents were granted in Q2 FY26.
Awards and Recognitions
- Chairperson Roshni Nadar Malhotra honored with the Business Leader of the Year award by the Indo–American Chamber of Commerce (IACC)
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CEO & Managing Director C Vijayakumar named CEO of the Year at the People Matters Infini-T Awards India 2025
-
2025 ISG Paragon Award for North America in recognition of HCLTech and PepsiCo’s decade-long partnership
-
ISG Star of Excellence Award for Universal BPO for the second year in a row
-
Exceptional Performer in Whitelane’s UK and Ireland IT Sourcing Study 2025
-
➢ No. 1 in General Satisfaction among providers for Applications and Infrastructure Services across Europe and for Cloud and Infrastructure Services in the UK and Ireland
-
Palo Alto Networks’ Outsourcing Partner of the Year — in Sweden and Belux (Belgium–Luxembourg)
-
SailPoint Global Delivery Admiral for expertise in identity security
-
Partner of Marketing Award 2025 at Critical Manufacturing’s MESI 4.0 (Manufacturing Execution System & Industry 4.0) International Summit
AI recognitions and partnership updates
HCLTech rated No. 1 CX Star Performer in ISG Provider Lens Generative AI Services 2025 for the second time in a row, with the highest CX score of 95, as compared to the industry average of 81.9
HCLTech awarded as an ‘Innovation Partner for the year 2024–25’ by Ericsson for driving AI-led Zero Touch Operations.
HCLTech positioned as a Leader in:
Partnership Updates:
-
IDC MarketScape: Canadian AI Services 2025 Vendor Assessment (doc# CA51802124, Sep 2025)
-
Everest Group’s Application Transformation Services for AI-enablement PEAK Matrix® Assessment 2025
-
Received the Dell AI Partner of the Year award for the VisionX solution. HCLTech is the only SI partner to receive this award.
-
Included in the 2025-26 Microsoft AI Business Solutions Inner Circle, placing us among the top 1% of Microsoft partners worldwide.
-
Everest Group’s Application Development Services for AI Applications PEAK Matrix® Assessment 2025
-
New collaboration signed with MIT Lab to advance AI research
-
Selected as a Google Gemini Enterprise partner
-
ISG Provider Lens Google Cloud Partner Ecosystem - Google Cloud GenAI and AI Services US, Europe, APAC 2025
-
Announced a multi-year strategic partnership with Pearson to codevelop AI-powered products and services designed to close skills gaps, empower individuals to advance their careers and help organizations adapt and succeed amid rapid technological change.
-
Announced new partnerships with Thought Machine to accelerate AI and cloud-led transformation of banks and with SailPoint for AI-driven identity transformation.
Analyst Recognitions
110+ leadership positions in analyst recognitions during the quarter
Digital Business
HCLTech positioned as a Leader in:
-
Gartner® Magic Quadrant for Public Cloud IT Transformation Services (Tobi Bet et al., August 4, 2025) *
-
IDC MarketScape: European Microsoft Azure Professional Services 2025 Vendor Assessment (doc# EUR152033225, Aug 2025)
-
IDC MarketScape: Asia/Pacific Oracle Implementation Services 2025 Vendor Assessment (doc# AP52998925, Aug 2025)
-
IDC MarketScape: European Microsoft Azure Managed Services 2025 Vendor Assessment (doc # EUR152033125, Aug 2025)
-
IDC MarketScape: Asia/Pacific Application Modernization Services to AWS 2025 Vendor Assessment (doc# AP52998825, Sep 2025)
-
IDC MarketScape: Worldwide Media Production, Distribution, and Monetization Integrated Cloud Solutions 2025 Vendor Assessment (doc# US52989125, Sep 2025)
-
Everest Group’s Talent Readiness for Next-generation Cloud Services PEAK Matrix® Assessment 2025
-
Everest Group’s Global Capability Center ( GCC) Transformation capability in India PEAK Matrix® Assessment 2025
-
Everest Group’s Microsoft Business Applications Services PEAK Matrix® Assessment 2025 – Focus on CRM, ERP Services
-
Avasant’s Data Management and Advanced Analytics 2025 RadarView
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Avasant’s Salesforce Services 2025 RadarView
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Avasant’s Digital Masters: Digital Technology Transformation 2025 RadarView
-
Avasant’s Multisourcing Service Integration 2025 RadarView
-
Avasant’s Global Capability Center (GCC) Services 2025 RadarView
HCLTech positioned as a Leader in ISG Provider Lens[TM] :
-
Life Sciences Digital Services - Clinical Development, Commercial Operations - Digital Evolution, Manufacturing Supply Chain, Patient Engagement, Pharmacovigilance and Regulatory Affairs - Digital Evolution (Service Providers) - Global 2025
-
Google Cloud Partner Ecosystem - Google Cloud Enterprise Data Infrastructure Services, Google Cloud Managed Services, Google Cloud Professional Services (Consulting and Migration) - U.S. , Europe, APAC 2025
Digital Foundation
HCLTech positioned as a Market Leader in HFS Horizons: Cybersecurity Services, 2025
HCLTech positioned as a Leader in:
-
IDC MarketScape: Asia/Pacific (Excluding Japan) Managed Detection and Response Services 2025 Vendor Assessment (doc# AP52998725, Sep 2025)
-
IDC MarketScape: Worldwide Managed Security Service Edge Services 2025 Vendor Assessment (doc# US52992425, Sep 2025)
-
Everest Group’s Digital Workplace Services PEAK Matrix® Assessment 2025 – Global
Digital Operations
HCLTech positioned as a Leader in :
-
Everest Group’s Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025
-
Everest Group’s Capital Markets Operations Services PEAK Matrix® Assessment 2025
-
ISG Provider Lens Finance and Accounting Outsourcing (FAO) Services - Financial Planning and Analysis (FP&A), Invoice to Pay (I2P), Order to Cash (O2C), R2R and Tax Services - Global 2025
Analyst Recognitions
Engineering and R&D Services
HCLSoftware
HCLTech positioned as a Market Leader in HFS Semiconductor Horizons: The Best of Service Providers across the Value Chain, 2025
HCLTech positioned as a Leader in:
-
IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined Vehicles 2025 Vendor Assessment (doc# US51813124, Sep 2025)
-
Everest Group’s 5G Engineering Services PEAK Matrix® Assessment 2025
-
Everest Group’s Private 5G Engineering Services PEAK Matrix® Assessment 2025
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Everest Group’s 5G Network Engineering Services PEAK Matrix® Assessment 2025
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ISG Provider Lens Automotive and Mobility Services and Solutions - Automotive Engineering and Manufacturing Services, Electric Vehicles and Mobility Services, Autonomous Systems and Software-defined Vehicles, Automotive Retail and Aftermarket Services, Technology Transformation and Consulting - North America, Europe, APAC2025
Client Recognition
Actian recognized as an "Exemplary" performer in the ISG Buyers Guide for Data Intelligence, ISG Buyers Guide for Data Governance, ISG Buyers Guide for Data Platforms, ISG Buyers Guide for Analytic Data Platforms and the ISG Buyers Guide for Operational Data Platforms.
HCLSoftware positioned as a:
-
Leader in the 2025 Gartner® Magic Quadrant for Application Security Testing (AST) (Jason Gross et al., October 6, 2025) *
-
Leader in the 2025 Gartner® Magic Quadrant for Service Orchestration and Automation Platforms (SOAP)(Hassan Ennaciri et al., August 26, 2025) *
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Major Player in IDC MarketScape for Worldwide Customer Analytics 2025 Vendor Assessment (Doc #US52040525, August 2025)
-
Major Contender in Low-code Application Development Platforms PEAK Matrix® Assessment 2025 – Focus on Intelligence and Decision Support by Everest Group
-
Leader in Low-code Application Development Platforms PEAK Matrix® Assessment 2025 by Everest Group
-
HCLTech positioned as a Customers’ Choice in Gartner® Peer Insights Voice of the Customer for Outsourced Digital Workplace Services (Peer Contributors, August 29, 2025)
-
HCLTech wins ISG Paragon Awards 2025 ANZ for the category – Sustainability with WaterNSW
-
HCLTech wins 6 CX Star Performer Awards in CY2025, the highest among global service providers
HCLSoftware mentioned in:
-
The Endpoint Management Platforms Landscape, Q3 2025 by Forrester
-
The Cloud Cost Management and Optimization Landscape, Q3 2025 by Forrester
-
“State of AI for Cross Channel Marketing Hubs” report by Forrester
-
IDC Perspective on Unified AI and Agentic AI Platforms in Asia: Solution Insights for Technology Leaders (Doc #AP52203625, July 2025)
Disclaimers:
- GARTNER is a registered trademark and service mark of Gartner and Peer Insights and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any v endor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular
purpose. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the “Gartner Content”) represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Press Release), and the opinions expressed in the Gartner Content are subject to change without notice.
Supercharging progress for our communities and the planet
India-focused initiatives through HCLFoundation
Global initiatives
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Launched UDGAM Portal, a best practices hub for government schools in Uttar Pradesh
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7,900+ OPD consultations provided
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484 new dairy farmers supported
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MoUs with municipal corporations of Gutam Buddha Nagar and Nagpur to improve the education quality in over 100 government schools
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Five tech labs (AI, ML, SolidWorks, Cryptography, Drone Tech) opened in Nagpur to promote STEM among women
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“An Ode to Indian Artisans” awarded Best CSR Film for Artisan Empowerment at the third Socio CSR Film Awards
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Chairperson Roshni Nadar Malhotra plants a sapling at Harit Upvan, Greater Noida, to commemorate the 49[th] HCL Day, alongside HCLTechies who have planted over 49,000 saplings across India.
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49,000+ saplings planted across 6 states on 49th HCL Day
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21,000+ kg marine debris cleared on the International Coastal Cleanup Day
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SFC scholar Akshaya NS won Bronze medal at the Asia Rugby U20 Sevens Trophy
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HCLTech volunteers demonstrated their commitment to cleaner shores and beaches on International Coastal Cleanup Day 2025
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4,200 households reached for waste management awareness
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29,000 liters of sludge cleared from 120 manholes using HomoSEP robot
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3,400 kg native plant seeds sown across 170 acres in Kutch, Gujarat to restore grassland ecosystems for endangered species
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Over 100 HCLTech Vietnam employees in Hanoi participated in a blood donation drive.
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HCLTech Poland employees participated in the Polish Business Run to support individuals with mobility challenges and women recovering from mastectomy surgeries
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Annexure
Constant Currency Reporting (Quarter ended)
(Amount in $M)
| HCLTech Revenue | 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 |
|---|---|
| Reported Revenue ($M) | 3,445 3,533 3,498 3,545 3,644 |
| Growth % (CC) | |
| QoQ | 1.6% 3.8% (0.8%) (0.8%) 2.4% |
| YoY | 6.2% 4.1% 2.9% 3.7% 4.6% |
| HCLTech Services Revenue | |
| Reported Revenue ($M) | 3,114 3,145 3,163 3,227 3,322 |
| Growth % (CC) | |
| QoQ | 1.6% 2.2% 0.7% (0.1%) 2.5% |
| YoY | 5.9% 4.9% 2.7% 4.5% 5.5% |
| Average Rates for the Quarter | |
| USD - INR | 83.79 84.66 86.45 85.62 87.63 |
| GBP - USD | 1.31 1.27 1.27 1.34 1.35 |
| EUR - USD | 1.10 1.06 1.06 1.14 1.17 |
| USD - SEK | 10.36 10.85 10.53 9.60 9.51 |
| AUD - USD | 0.67 0.65 0.63 0.64 0.65 |
Financials in ₹ for the Quarter ended 30-Sep-25 (Ind AS)
Consolidated Income Statement
(Amount in ₹ Crores)
| Income Statement | Quarter Ended | % of Revenue |
|---|---|---|
| 30-Sep-24 30-Jun-25 30-Sep-25 |
30-Sep-24 30-Jun-25 30-Sep-25 |
|
| Revenues | 28,862 30,349 31,942 |
100.0% 100.0% 100.0% |
| Direct Costs | 18,789 20,128 21,044 |
65.1% 66.3% 65.9% |
| Gross Profits | 10,074 10,221 10,898 |
34.9% 33.7% 34.1% |
| Research & Development | 395 455 494 |
1.4% 1.5% 1.5% |
| SG & A | 3,309 3,731 3,811 |
11.5% 12.3% 11.9% |
| EBITDA | 6,369 6,035 6,593 |
22.1% 19.9% 20.6% |
| Depreciation & Amortization | 1,007 1,093 1,043 |
3.5% 3.6% 3.3% |
| EBIT | 5,362 4,942 5,550 |
18.6% 16.3% 17.4%* |
| Foreign Exchange Gains/(Loss) | 3 5 (53) |
0.0% 0.0% (0.2%) |
| Other Income, net | 322 242 205 |
1.1% 0.8% 0.6% |
| Provision for Tax | 1,450 1,345 1,466 |
5.0% 4.4% 4.6% |
| Non-controlling interest | 2 1 1 |
0.0% 0.0% 0.0% |
| Net Income | 4,235 3,843 4,235 |
14.7% 12.7% 13.3% |
| EPS (LTM in ₹) | ||
| Basic | 62.10 62.64 62.65 |
|
| Diluted | 62.02 62.57 62.57 |
- Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
Cost Breakup in ₹ for Quarter Ended 30-Sep-2025
(Amount in ₹ Crores)
| Particulars | Quarter Ended | % of Revenue |
|---|---|---|
| 30-Sep-24 30-Jun-25 30-Sep-25 |
30-Sep-24 30-Jun-25 30-Sep-25 |
|
| Employee benefits expense | 16,523 17,598 18,301 |
57.2% 58.0% 57.3% |
| Outsourcing costs (Subcontractors + Outsourced Work) |
3,748 4,138 4,475 |
13.0% 13.6% 14.0% |
| Cost of hardware and software sold | 466 508 620 |
1.6% 1.7% 1.9% |
| Travel and conveyance | 356 371 345 |
1.2% 1.2% 1.1% |
| Software subscription fee | 310 324 346 |
1.1% 1.1% 1.1% |
| Facility Cost | 296 320 326 |
1.0% 1.0% 1.0% |
| Recruitment, training and development | 86 100 115 |
0.3% 0.3% 0.4% |
| Legal and professional charges | 164 197 187 |
0.6% 0.6% 0.6% |
| Communication costs | 135 168 169 |
0.5% 0.6% 0.5% |
| CSR Expense | 72 70 71 |
0.2% 0.2% 0.2% |
| Doubtful debts | 6 49 38 |
0.0% 0.2% 0.1% |
| Other expenses | 331 471 356 |
1.1% 1.6% 1.1% |
| Depreciation & Amortization | 1,007 1,093 1,043 |
3.5% 3.6% 3.3% |
| Total Costs | 23,500 25,407 26,392 |
81.4% 83.7% 82.6% |
| EBIT | 5,362 4,942 5,550 |
18.6% 16.3% 17.4%* |
- Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
Note: Facility cost includes Repairs and Maintenance, Power and Fuel, and Rent
Financials in $ for the Quarter ended 30-Sep-25 (IFRS)
Consolidated Income Statement
(Amount in $M)
| Income Statement | Quarter Ended | % of Revenue |
|---|---|---|
| 30-Sep-24 30-Jun-25 30-Sep-25 |
30-Sep-24 30-Jun-25 30-Sep-25 |
|
| Revenues | 3,445 3,545 3,644 |
100.0% 100.0% 100.0% |
| Direct Costs | 2,243 2,350 2,399 |
65.1% 66.3% 65.8% |
| Gross Profits | 1,203 1,195 1,245 |
34.9% 33.7% 34.2% |
| Research & Development | 47 53 56 |
1.4% 1.5% 1.5% |
| SG & A | 395 436 434 |
11.5% 12.3% 11.9% |
| EBITDA | 761 706 755 |
22.1% 19.9% 20.7% |
| Depreciation & Amortization | 120 128 118 |
3.5% 3.6% 3.2% |
| EBIT | 640 578 637 |
18.6% 16.3% 17.5%* |
| Foreign Exchange Gains/(Loss) | 0 1 (7) |
0.0% 0.0% (0.2%) |
| Other Income, net | 39 28 24 |
1.1% 0.8% 0.7% |
| Provision for Tax | 173 157 168 |
5.0% 4.4% 4.6% |
| Non-controlling interest | 0 0 0 |
0.0% 0.0% 0.0% |
| Net Income | 506 450 486 |
14.7% 12.7% 13.3% |
- Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
Cost Breakup in $ for Quarter Ended 30-Sep-2025
(Amount in $M)
| Particulars | Quarter Ended | % of Revenue |
|---|---|---|
| 30-Sep-24 30-Jun-25 30-Sep-25 |
30-Sep-24 30-Jun-25 30-Sep-25 |
|
| Employee benefits expense | 1,972 2,055 2,086 |
57.2% 58.0% 57.2% |
| Outsourcing costs (Subcontractors + Outsourced Work) |
447 483 511 |
13.0% 13.6% 14.0% |
| Cost of hardware and software sold | 56 59 71 |
1.6% 1.7% 1.9% |
| Travel and conveyance | 43 43 40 |
1.2% 1.2% 1.1% |
| Software subscription fee | 37 38 39 |
1.1% 1.1% 1.1% |
| Facility Cost | 35 37 37 |
1.0% 1.0% 1.0% |
| Recruitment, training and development | 10 12 13 |
0.3% 0.3% 0.4% |
| Legal and professional charges | 20 23 21 |
0.6% 0.6% 0.6% |
| Communication costs | 16 20 19 |
0.5% 0.6% 0.5% |
| CSR Expense | 9 8 8 |
0.2% 0.2% 0.2% |
| Doubtful debts | 1 6 4 |
0.0% 0.2% 0.1% |
| Other expenses | 40 55 40 |
1.1% 1.6% 1.1% |
| Depreciation & Amortization | 120 128 118 |
3.5% 3.6% 3.2% |
| Total Costs | 2,805 2,967 3,007 |
81.4% 83.7% 82.5% |
| EBIT | 640 578 637 |
18.6% 16.3% 17.5%* |
- Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
Note: Facility cost includes Repairs and Maintenance, Power and Fuel, and Rent
Consolidated Balance Sheet (₹ and $)
| Particulars | In ₹ Crores | In ₹ Crores | In $M | In $M |
|---|---|---|---|---|
| As on 31-Mar-25 | As on 30-Sep-25 | As on 31-Mar-25 | As on 30-Sep-25 | |
| Assets | ||||
| Cash and Cash Equivalents | 8,245 | 9,488 | 964 | 1,068 |
| Accounts Receivables,net | 19,523 | 20,169 | 2,284 | 2,271 |
| Unbilled Receivables | 6,319 | 6,741 | 739 | 759 |
| TreasuryInvestments | 21,493 | 21,723 | 2,514 | 2,446 |
| Other Current Assets | 6,529 | 8,003 | 764 | 901 |
| Total Current Assets | 62,109 | 66,124 | 7,265 | 7,445 |
| Propertyand Equipment,net | 4,560 | 4,638 | 534 | 522 |
| Right-of-use assets | 3,016 | 3,198 | 353 | 360 |
| Intangible Assets,net | 28,655 | 28,898 | 3,352 | 3,254 |
| TreasuryInvestments | 1,206 | 359 | 141 | 41 |
| Deferred Tax Assets | 1,064 | 1,112 | 125 | 125 |
| Other Investments | 91 | 92 | 11 | 10 |
| Other Assets | 4,843 | 4,152 | 567 | 466 |
| Total Assets | 105,544 | 108,573 | 12,348 | 12,223 |
| Liabilities & Stockholders Equity | ||||
| Other Current Liabilities | 24,471 | 24,864 | 2,863 | 2,799 |
| Borrowings | 2,291 | 2,359 | 268 | 265 |
| Lease Liabilities | 3,985 | 4,421 | 467 | 497 |
| Other Non-Current Liabilities | 5,124 | 5,658 | 600 | 637 |
| Total Liabilities | 35,871 | 37,302 | 4,198 | 4,198 |
| Non-ControllingInterests | 18 | 22 | 2 | 2 |
| Total Stockholders Equity | 69,655 | 71,249 | 8,148 | 8,023 |
| Total Equity | 69,673 | 71,271 | 8,150 | 8,025 |
| Total Liabilities and Equity | 105,544 | 108,573 | 12,348 | 12,223 |
Consolidated Cash Flow Summary & Cash Position
| Particulars | In ₹ Crores | In ₹ Crores | In $M | In $M |
|---|---|---|---|---|
| For Year Ended March 2025 |
For Quarter Ended September 2025 |
For Year Ended March 2025 |
For Quarter Ended September 2025 |
|
| Profit Before Tax | 23,261 | 5,702 | 2,735 | 654 |
| Adjustments for: | ||||
| Depreciation & Amortization | 4,084 | 1,043 | 483 | 118 |
| Others | (1,851) | (178) | (204) | (22) |
| Changes in Assets and Liabilities, net: | ||||
| Accounts Receivable and Unbilled Receivable | (119) | 787 | (13) | 91 |
| Other Assets and Liabilities | 1,129 | (116) | 133 | (10) |
| Income Taxes paid (Net of refunds) | (4,243) | (1,339) | (502) | (153) |
| Net Operating Cash Flow | 22,261 | 5,899 | 2,632 | 678 |
| Purchase of PP&E and Intangibles | (1,108) | (408) | (131) | (46) |
| Free Cash Flow | 21,153 | 5,491 | 2,501 | 632 |
| Payments for Acquisitions | (2,032) | (1) | (241) | - |
| Dividendpaid | (16,250) | (3,251) | (1,922) | (368) |
| Gross Cash & Net Cash | Gross Cash & Net Cash | Gross Cash & Net Cash | Gross Cash & Net Cash | Gross Cash & Net Cash |
|---|---|---|---|---|
| Cash & Cash Equivalents | 8,245 | 9,488 | 964 | 1,068 |
| Fixed Deposits | 15,225 | 15,909 | 1,781 | 1,792 |
| Investment Securities | 7,473 | 6,173 | 874 | 695 |
| Gross Cash | 30,943 | 31,570 | 3,619 | 3,555 |
| Less: Borrowings | 2,291 | 2,359 | 268 | 265 |
| Net Cash | 28,652 | 29,211 | 3,351 | 3,290 |
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About HCLTech
HCLTech is a global technology company, home to more than 226,600 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending September 2025 totaled $14.2 billion. To learn how we can supercharge progress for you, visit hcltech.com.
Contact Details
Corporate Communications
Investor Relations
Ashutosh Sharma [email protected] +91-120-6126000
Nitin Mohta [email protected] +91-120-6126000