HCL Tech Q2 Results 2025: Stable Profit, ₹12 Dividend, and AI Expansion Drive Future Growth

🏢 HCL Tech Q2 Results 2025: A Snapshot of Steady Strength

HCL Technologies (HCLTech), one of India’s top IT giants, announced its Q2 FY26 results on October 13, 2025, reflecting a phase of measured stability amid global tech uncertainties.
The company reported a consolidated net profit of ₹4,235 crore, maintaining performance levels seen last year, while revenue grew 10.6% YoY, supported by consistent client demand in digital transformation, AI, and cloud services.

This quarter marks another milestone — HCLTech’s 91st consecutive quarterly dividend, reaffirming its long-standing commitment to shareholder value. (HCL Tech Q2 Results 2025)

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📊 Key Highlights of HCL Tech Q2 Results 2025

Metric	Q2 FY26	YoY Change	QoQ Change
Consolidated Net Profit	₹4,235 crore	Flat	+1.2%
Total Revenue	₹29,432 crore	+10.6%	+3.8%
EBIT Margin	17.4%	Stable	Slight improvement
Dividend	₹12 per share	91st consecutive payout	–
Employee Headcount	~2.27 lakh	+4.2%	–

CEO C. Vijayakumar highlighted that despite macroeconomic headwinds, the company delivered “a resilient performance, driven by AI adoption and long-term digital transformation deals.” (HCL Tech Q2 Results 2025)

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💼 Business Segment Performance

1. IT and Business Services

This core segment continued to dominate with steady enterprise digital deals, particularly in BFSI, healthcare, and manufacturing.

• Strong traction was seen in application modernization, data analytics, and cloud migration.
• The company secured multiple $100M+ deals, including European clients in the automotive and telecom sectors.

2. Engineering and R&D Services

HCLTech’s engineering division, which supports global product innovation, saw 7% sequential growth.
With the upcoming HCL-Foxconn semiconductor facility in Jewar (UP), the company is positioning itself in high-value hardware R&D — a move expected to boost India’s semiconductor mission.

3. HCLSoftware

The software division launched “Unica+”, an AI-first marketing automation platform in India, enhancing HCL’s portfolio in MarTech and digital marketing intelligence. (HCL Tech Q2 Results 2025)

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💰 Dividend and Employee Benefits

HCLTech announced an interim dividend of ₹12 per share for FY26, continuing its streak of reliable payouts. The record date is October 17, 2025, and payments will be made on October 28, 2025.

💼 Employee Compensation Overhaul

In a major HR development, HCLTech restructured its variable pay model, merging quarterly bonuses into fixed pay to offer better income stability.

• The company also confirmed a salary hike cycle effective October 2025, recognizing employee contributions amid steady growth.
• This change is expected to improve retention and morale in the face of talent competition from global tech firms. (HCL Tech Q2 Results 2025)

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🤖 HCLTech’s Strategic Push Toward AI and Innovation

HCLTech is deepening its focus on artificial intelligence, automation, and research collaborations:

• Recently joined hands with MIT Media Lab (USA) to work on next-generation AI models and cognitive computing frameworks.
• Integrating GenAI into its cloud offerings under the “AI at Scale” initiative, which helps enterprise clients automate workflows and optimize cost efficiencies.
• Expanding AI talent hiring and upskilling through internal learning platforms to maintain global competitiveness.

These moves align with India’s broader vision of becoming a $1 trillion digital economy by 2030, as supported by the government’s Digital India 2.0 and Semicon India programs. (HCL Tech Q2 Results 2025)

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🏭 Semiconductor Partnership: HCL-Foxconn Joint Venture

A key highlight beyond financials is HCLTech’s strategic manufacturing foray. The HCL-Foxconn semiconductor project, approved by both the Central Government and Uttar Pradesh authorities, involves an investment of ₹3,706 crore.

• The upcoming Jewar facility will produce 20,000 wafers/month, creating thousands of skilled jobs.
• The UP government granted a 75% waiver on land costs and stamp duty, underscoring public-private synergy in India’s chip mission.

This venture positions HCLTech as a diversified technology player, not just a software exporter — bridging IT and electronics manufacturing.

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📈 Market Reaction and Investor Outlook

Following the results, HCLTech’s stock traded flat-to-positive on the NSE, hovering near ₹1,720 levels, outperforming the broader IT index.
Analysts from Motilal Oswal and Kotak Institutional Equities rated the stock as “Buy,” citing:

• Strong deal pipeline in the U.S. and Europe
• Margin resilience despite wage hikes
• Rising contribution from AI and software segments

However, they also noted near-term margin pressures due to investments in R&D and training.

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🔮 Expert Opinions and Future Outlook

Industry analysts suggest that HCLTech’s consistent financial discipline and AI-led transformation roadmap make it a steady compounder in the Indian IT sector.

“While Infosys and TCS face revenue volatility due to client budget cuts, HCLTech’s diversified portfolio and deep engineering base give it a structural edge,” — ET Intelligence Group Report (Oct 2025)

🌐 Future Growth Drivers

• AI & Cloud Integration: Revenue acceleration expected from enterprise AI integration.
• Semiconductor Production: Long-term revenue from hardware and chip design services.
• Digital Deals: Strong pipeline in BFSI, healthcare, and manufacturing sectors.
• Employee-first Model: Transparent pay structure could enhance productivity and loyalty.

With a 3–5% revenue growth guidance in constant currency and 17–18% EBIT margin outlook, HCLTech remains one of the most financially disciplined IT majors entering 2026. (HCL Tech Q2 Results 2025)