Investors | HCLTech Germany

HCLTech Announced
Results for Q3, FY26
on January 12

Another standout quarter on all fronts, with revenue up 4.2% QoQ in constant currency along with a strong recovery of operating margin to 18.6%. The strong revenue momentum in the quarter has enabled us to cross $15B in annualized revenues. Our new bookings were exceptionally high at $3B. Our Services revenue grew 1.8% QoQ in constant currency, driven by 19.9% QoQ growth in Advanced AI services. HCL Software revenue grew sharply by 28.1% QoQ and 3.1% YoY in constant currency, driven by seasonality and data Intelligence portfolio. We are well positioned to address evolving AI demand of our clients across industries and service lines."

C Vijayakumar

Chief Executive Officer and Managing Director | HCLTech

Q3 FY 2026 Highlights

Revenue

INR Revenue of ₹33,872 Crores, up 6.0% QoQ & up 13.3% YoY
Constant Currency (CC) Revenue up 4.2% QoQ & up 4.8% YoY
USD Revenue of $3,793M, up 4.1% QoQ & up 7.4% YoY
HCLTech Services CC Revenue up 1.8% QoQ & up 5.0% YoY
Digital CC Revenue up 17.7% YoY; contributes 43.2% of Services
Advanced AI Revenue at $146M, up 19.9% QoQ CC
HCLSoftware CC Revenue up 3.1% YoY
HCLSoftware ARR at $1.07B, up 0.6% YoY CC

Profitability & Return Metrics*

INR EBIT at ₹6,285 Crores (18.6% of revenue), up 13.2% QoQ & up 8.0% YoY
Q3 FY26 EBIT Margin includes 81 bps impact of restructuring cost
NI at ₹4,795 Crores (14.2% of revenue), up 13.2% QoQ & up 4.5% YoY
ROIC (on LTM basis) – Company at 39.4%, up 277 bps YoY; Services at 45.9%, up 117 bps YoY
FCF/NI at 120% (on LTM basis)
Dividend of ₹12/- per share, 92^nd consecutive quarter of dividend pay-out

Bookings

TCV (New Deal wins) at $3,006M, up 17.0% QoQ & up 43.5% YoY

People

Total People Count at 226,379; Net addition: (261)
Added 2,852 freshers
LTM Attrition at 12.4%, (down from 13.2% in Q3 of last year)

ESG - Awards and Recognitions

HCLTech awarded Gold certification by EcoVadis, placing us in the Top 4% of rated IT companies

FY26 Guidance

Company Revenue growth expected to be between 4.0% - 4.5% YoY in CC
Services Revenue growth expected to be between 4.75% - 5.25% YoY in CC
EBIT margin to be between 17.0% - 18.0%*

* Excludes the one-time impact of New Labour Codes: ₹956 Crores ($109M) at EBIT and ₹719 Crores ($82M) at Net Income in Q3 FY26

Financial Results

Q3 FY 2026 Investors Conference

Latest Announcements

Watch Our Q3 FY26 Earnings Press Conference

Hear from HCLTech leaders — Chief Executive Officer & Managing Director C. Vijayakumar, Chief Financial Officer Shiv Walia, Chief Product Officer for HCLSoftware Kalyan Kumar, and Chief People Officer Ramachandran Sundararajan — as they discuss our performance for the quarter.

Investor Call Recording

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Investor Call Transcript

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HCLTech Overview

HCLTech is a global technology company, home to more than 226,000+ people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.

We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues for 12 months ending December 2025 totaled $14.5B.

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