After TCS, IT major HCLTech is set to announce its second-quarter results today. Following the announcement of numbers after market close, the company’s senior management will hold an audio conference call at 7:30 p.m. (IST) to discuss the results, followed by a detailed question-and-answer session.
In a BSE filing, HCLTech said, “The Company will announce the Second Quarter FY26 Results, for the period ended September 30, 2025, on Monday, October 13, 2025, after the closure of Indian stock markets.”
Here are key factors to watch out for:
1. The impact of H-1B visa fee hike and US tariff
Though HCLTech has less dependency on H-1B visa as compared to its peers like TCS, Infosys, LTIMindtree nand others, the impact of fee hike on new H-1B visa imposed by the US.
Anand Rathi said that Q2 is expected to show modest sequential growth across top IT firms, including HCLTech, amid a muted demand backdrop and uncertainty around US tariff policies.
2. BFSI and Hi-Tech to Drive Revenue
Brokerages expect HCLTech to deliver steady sequential growth in the September quarter (Q2FY26). Axis Direct expects the company’s revenue to rise by about 3% quarter-on-quarter, driven by the BFSI and Hi-tech segments. “The service business is expected to remain weak,” it noted, adding that operating margins are likely to expand by 87 basis points sequentially.
3. Deal TCV/pipeline
Equirius Securities expects strong sequential growth in deal TCV for HCLTech. “We expect strong QoQ growth in deal TCV,” noted Equirius Securities. In the first quarter of FY26, HCLTech reported a total contract value (TCV) of $1,812 million from new deal wins.
4. Other factors to watch out for
Other key factors to watch for HCLTech in Q2FY26 include margin expansion, performance of the services segment, and progress on AI-driven transformation. Brokerages remain largely positive about the company’s steady execution and guidance stability despite a challenging macro backdrop.