HCLTech Q2 Results: Revenue up 10.7% year-on-year, EBIT margin and revenue guidance unchanged

India's third largest IT services provider, HCL Technologies Ltd. expects its financial year 2026 revenue to grow between 3% to 5%, which is the same growth it had guided for at the end of the June quarter.

EBIT margin guidance has been unchanged between 17% to 18%.

In US Dollar terms, HCLTech's revenue increased by 5.8% year-on-year to $3,644 million compared to $3,545 million during the June quarter. A CNBC-TV18 poll had projected the figure to be $3,608 million.

For the quarter, HCLTech revenue in rupee terms increased by 5.2% from the June quarter to ₹31,942  crore, slightly higher than the CNBC-TV18 poll figure of ₹31,585 crore. 

HCLTech reported 10.2% quarter-on-quarter increase in its net profit for the September quarter to ₹4,236 crore. A CNBC-TV18 poll had projected the figure to be ₹4,278 crore. 

Earnings before Interest and Tax (EBIT) grew by 12.3% quarter-on-quarter to ₹5,550 crore, in-line with the CNBC-TV18 poll estimate of ₹5,400 crore. EBIT margin expanded by 95 basis points from the previous quarter to 17.25% from 16.3% in June, marginally higher than the CNBC-TV18 poll estimate of 17.1%.

Shares of HCLTech recovered from the lows of the day to end 0.2% higher on Monday at ₹1,498. The stock is up 2.2% in the last one month, but is down 22% on a year-to-date basis.