Try GOLD - Free
HCL Q2 shines, powers up AI
Mint Kolkata
|October 15, 2025
HCL saw good sequential constant currency revenue growth in Q2FY26, led by IT and business services vertical.
HCL Technologies Ltd weathered the macroeconomic slowdown with better-than-estimated revenue growth and margin in the September quarter (Q2FY26).
Sequentially, constant currency (CC) revenue grew 2.4% and Ebit (earnings before interest and tax) margin expanded 110 basis points (bps) to 17.4%.
Revenue growth was driven by improved sequential performance of all segments, led by IT and business services and followed by engineering and R&D (ER&D) services.
Margin expanded on better software business profitability, absence of certain one-offs, benefits from project Ascend, and a weak rupee.
This story is from the October 15, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Airlines may face turbulence on weak demand, rising costs
Costlier fuel, tight capacity and softening domestic air travel to weigh down Q2 numbers
2 mins
October 17, 2025
Mint Kolkata
India EV chargers face cyber risks from Chinese imports
India to spend ₹2,000 crore to install 72,000-plus public EV chargers under PM E-Drive
3 mins
October 17, 2025
Mint Kolkata
Divided carmakers miss CAFE deadline
India's top carmakers have missed the deadline to submit feedback on a fresh set of emission norms proposed by the government.
1 min
October 17, 2025
Mint Kolkata
Zepto bags $450 mn from US pension fund, early investors
Quick-commerce platform Zepto has raised $450 million at a valuation of $7 billion, led by US-based pension fund Cal. ifornia Public Employees’ Retirement System (CalPERS), itsaid inastatement.
1 mins
October 17, 2025
Mint Kolkata
Ola Electric forays into energy storage
Ola Electric on Thursday said it has forayed into the country’s ₹3 trillion battery energy storage market, which is projected to grow to over ₹3 trillion by 2030.
1 min
October 17, 2025
Mint Kolkata
The global economy: Is it proving more resilient than anticipated?
Economic growth has been surprisingly stable in most of the world but risks persist that reform programmes must address
3 mins
October 17, 2025
Mint Kolkata
L Catterton puts $30 mn in Healing Hands Clinic
Global private equity firm L Catterton has backed Healing Hands Clinic, India’s largest proctology-focused specialist chain
1 min
October 17, 2025
Mint Kolkata
A sipping trip through Slovakia
From cola and wine to partially fermented beverages, the locally made drinks in Slovakia are varied and delicious
4 mins
October 17, 2025
Mint Kolkata
AI data centers, desperate for electricity, are building their own power plants
Bypassing the grid, at least temporarily, tech companies are creating an energy Wild West; ‘grab yourself a couple of turbines’
9 mins
October 17, 2025
Mint Kolkata
Persistent beats demand dip in Q2. Can it hit $2 bn revenue?
Persistent Systems Ltd is handling the muted demand scenario in the IT sector well. In Q2FY26, the tier-II company’s sequential constant currency revenue grew 4.4%, exceeding the consensus estimate of 3.5%.
2 mins
October 17, 2025
Listen
Translate
Change font size