Consolidated revenue for the quarter stood at Rs 31,942 crore, up 5% sequentially and 11% year-on-year (YoY), supported by robust performance in its services and engineering segments. On a constant currency basis, revenue grew 2.4% quarter-on-quarter (QoQ) and 4.6% YoY.
HCL Tech’s net income came in at Rs 4,235 crore, flat YoY but up 10% sequentially. Operating profit (EBIT) rose to Rs 5,550 crore, representing a margin of 17.4%, aided by improved efficiency and controlled costs despite a 55-basis-point restructuring impact.
The company reported a return on invested capital (ROIC) of 38.6%, with the services business alone generating a healthy 45.3% ROIC.
Commenting on the results, CEO and Managing Director C Vijayakumar said, “This was a standout quarter on every front—marked by strong execution, growing demand for our AI-powered solutions, and our new deal wins exceeding $2.5 billion without reliance on any mega-deal.”
He added that HCL Tech continues to see broad-based growth across sectors and geographies.The company’s free cash flow to net income ratio stood at 125%, underscoring its strong cash generation ability. HCL Tech ended the quarter with Rs 31,570 crore in gross cash and Rs 29,211 crore in net cash, even after paying Rs 3,251 crore in dividends during the quarter.Chairperson Roshni Nadar Malhotra said HCL Tech’s focus remains on “capital efficiency and sustainable growth,” while CFO Shiv Walia noted that the firm “delivered superior revenue growth with enhanced profitability and solid cash generation.”
The company’s guidance for FY26 remains unchanged — revenue growth between 3% and 5% in constant currency terms and an EBIT margin band of 17–18%.
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