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Informist, Monday, Oct. 13, 2025

 

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--HCL Tech Jul-Sept consol net profit INR 42.35 bln
--Analysts saw HCL Tech Jul-Sept consol net profit at INR 42.75 bln
--Analysts saw HCL Tech Jul-Sept consol revenue at INR 315.98 bln
--HCL Tech Jul-Sept consol revenue INR 319.42 bln
--HCL Tech to pay INR 12 per share interim dividend
--HCL Tech interim dividend record date is Oct 17
--HCL Tech Jul-Sept consol net profit INR 42.35 bln vs INR 38.43 bln qtr ago
--HCL Tech Jul-Sept consol revenue INR 319.42 bln vs INR 303.49 bln qtr ago
--HCL Tech Jul-Sept consol IT, business services revenue INR 236.93 bln
--HCL Tech Apr-Sept consol net profit INR 80.78 bln vs INR 84.92 bln yr ago
--HCL Tech Apr-Sept consol revenue INR 622.91 bln vs INR 569.19 bln year ago
--HCL Tech Q2 consol IT, ops svc sales INR 236.9 bln vs INR 224.5 bln qtr ago
--HCL Tech retains FY26 constant currency revenue growth guidance of 3-5%
--HCL Tech Q2 consol engg, R&D svcs sales INR 54.2 bln vs INR 51.7 bln QoQ
--HCL Tech sees FY26 constant currency services revenue growth at 4-5%
--HCL Tech retains FY26 EBIT margin guidance of 17-18%
--HCL Tech Q2 consol HCL Software sales INR 28.3 bln vs INR 27.2 bln qtr ago
--HCL Tech Jul-Sept consol revenue up 2.4% on qtr in constant currency terms
--HCL Tech Jul-Sept consol revenue up 4.6% on year in constant currency terms
--HCL Tech Jul-Sept consol EBIT INR 55.50 bln, up 12.3% on quarter
--HCL Tech Jul-Sept attrition 12.6% vs 12.8% quarter ago
--HCL Tech: Won new deals worth $2.57 bln in Jul-Sept
--HCL Tech total headcount 226,640 on Sept 30; net added 3,489 people in Q2
--HCL Tech Jul-Sept consol EBIT margin 17.5% vs 16.3% qtr ago
--HCL Tech Jul-Sept svcs revenue up 2.5% on qtr in constant currency terms
--HCL Tech Jul-Sept IT, svcs ops EBIT margin 16.3% vs 15.1% quarter ago
--HCL Tech Jul-Sept HCLSoftware revenue up 0.5% on qtr in constant currency
--HCL Tech Jul-Sept HCLSoftware EBIT margin 26.5% vs 22.4% quarter ago
--HCL Tech sales from US up 2.4% YoY in Jul-Sept in constant currency
--HCL Tech sales from Europe up 7.6% YoY in Jul-Sept in constant currency
--HCL Tech Jul-Sept financial svcs sales up 11.4% on yr in constant currency
--HCL Tech Jul-Sept manufacturing sales dn 1.8% on yr in constant currency
--HCL Tech Jul-Sept life, health sales dn 3% on yr in constant currency
--HCL Tech Jul-Sept tech, svcs sales up 13.9% on year in constant currency
--HCL Tech Jul-Sept telecom, media sales up 11.7% YoY in constant currency
--HCL Tech: New bookings crossed $2.5 bln in Q2 without any mega deal

--HCL Tech: Upskilling of co's global talent base remains key priority

--HCL Tech: Continue to perform well despite uncertain business environment

 

By Rajesh Gajra

 

NEW DELHI – HCL Technologies Ltd. reported strong earnings numbers for the September quarter on expected lines on the back of higher operating profit, operating margin and revenue in constant currency terms. The company reported a sequential increase in net profit in the September quarter, after two consecutive quarters of sequential decline in net profit.

 

The large technology company's consolidated net profit rose slightly over 10% on quarter to INR 42.35 billion, slightly below analysts' estimate of INR 42.75 billion. The consolidated revenue from operations increased 5.3% on quarter to INR 319.42 billion, above the Street's view of INR 315.98 billion. The revenue in constant currency terms increased 2.4% on quarter.

 

The sequential rise in HCL Technologies' consolidated net profit in the September quarter came after two consecutive quarters of fall. The company's consolidated net profit had fallen nearly 11% on quarter in the June quarter and slightly over 6% in the March quarter. The 10% sequential rise in the company's net profit for the September quarter was the best net profit growth in seven quarters. The company said in a release it continued to perform well despite the uncertain business environment.

 

The company has retained its constant currency revenue growth of 3-5% for 2025-26 (Apr-Mar). It has also retained its earnings before interest and tax margin guidance of 17-18% for FY26. The company sees FY26 constant currency services revenue growth at 4-5%.

 

HCL Technologies' consolidated EBIT jumped 12.3% higher on quarter to INR 55.50 billion in the September quarter, with the EBIT margin expanding to 17.5% from 16.3%. The company said the September quarter EBIT margin included 55 basis points impact of restructuring cost.

 

The company said it won new deals worth $2.57 billion in the September quarter and this did not include any mega deal. The new deals value was 42% higher as compared to the trailing quarter, according to the company. It said the last 12 months' attrition during the September quarter was 12.6%, slightly lower than 12.8% in the trailing quarter. The total headcount of the company went up by 3,489 in the September quarter to 226,640 as on Sept. 30.

 

SEGMENTAL SALES

The largest vertical for HCL Tech, the IT and business services, saw consolidated revenue increase 5.5% on quarter to INR 236.93 billion in the September quarter. In constant currency terms, however, this segment saw a 2.6% on-quarter increase. The EBIT margin of the segment expanded to 16.3% in the September quarter from 15.1% in the trailing quarter.

 

The company's consolidated revenue in its engineering, and research and development, services segment increased 4.8% on quarter to INR 54.23 billion in the September quarter. In constant currency terms, however, this segment saw a 2.2% on-quarter increase. The EBIT margin of the segment declined to 17.5% from 17.7% in the trailing quarter.

 

The HCL Software segment saw revenue increase 4% on quarter to INR 28.26 billion, but in constant currency terms the growth was just 0.5%. The HCL Software segment's EBIT margin went up to 26.5% from 22.4% a quarter ago.

 

On a year-on-year basis, HCL Technologies' consolidated revenue increased 4.6% in constant currency terms in the September quarter. The on-year revenue growth was aided the most by client verticals of financial services, technology and services, and telecommunications, media, publishing and entertainment verticals. In constant currency terms, the financial services verticals revenue rose 11.4% on year, while the revenue in the technology and services vertical increased 13.9%, and the telecommunications, media, publishing and entertainment vertical went up by 11.7%.

 

Dragging down the on-year revenue growth in the September quarter was the life sciences and healthcare vertical whose revenue in constant currency terms declined 3%. The manufacturing vertical reported an on-year decline of 1.8% in constant currency terms. In terms of the two largest geographies the company has clients in, its sales from the US rose 2.4% on year while sales from Europe increased 7.6%, both in constant currency terms.

 

Notwithstanding the strong performance in the September quarter, for the six-month period till September HCL Technologies' consolidated net profit was down nearly 5% on year to INR 80.78 billion. But the consolidated revenue was 9.4% higher at INR 622.91 billion in Apr-Sept.

 

The company Monday also announced an interim dividend of INR 12 per share for FY26, with the record date fixed at Oct. 17. Monday, shares of the company closed flat at INR 1,494.70 on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

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