Overview
- HCLTech reported revenue of ₹31,942 crore and net profit of ₹4,235 crore for Q2 FY26, with EBIT margin expanding to about 17.2–17.5% and operating income beating estimates.
- Advanced AI revenue exceeded $100 million and new deal wins reached roughly $2.56–$2.57 billion, marking the first quarter above $2.5 billion without a mega deal.
- Company-level FY26 guidance stayed at 3–5% constant-currency growth as services guidance rose to 4–5% with EBIT margin guided at 17–18%, and an interim dividend of ₹12 per share was declared.
- Headcount rose by a net 3,489 with 5,196 freshers added, annual salary increments begin in October and variable pay is being merged into fixed pay as the firm moves to curb H‑1B dependence through a broader global delivery model.
- Tech Mahindra posted Q2 revenue of ₹13,995 crore, net profit of about ₹1,194.5 crore and a margin uptick to roughly 12.1%, alongside a ₹15 interim dividend, while analysts noted H2 margin pressure risks from wage actions and restructuring across the sector.