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HCL Q2 shines, powers up AI
Mint Mumbai
|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.
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