IT Major HCLTech Q3 net profit fell 11% YoY, and consolidated revenue increased 13%. However, the tech major maintained the FY26 revenue growth guidance of 4–4.5%.
Here are the key highlights from the third-quarter results for the period ending in December 2025.
Revenue guidance unchanged, margins in focus
As per the financials, HCLTech has maintained its FY26 constant currency revenue growth guidance at 4-4.5%, while services revenue is expected to grow at 4.75-5.25%. Furthermore, its EBIT margin guidance lies at 17-18%. This excludes the one-time impact of new labour codes.
For the third quarter, revenue lies at Rs 33,872 crore, marking a 6% increase, while constant currency revenue increased 4.2% Q-o-Q. EBIT margin stood at 18.6%, including an 81 bps impact of restructuring costs.
Dividend payout extended to 92nd consecutive quarter
HCLTech declared an interim dividend of Rs 12 per equity share for FY26. The record date for the dividend is January 16, 2026, and the payment will be made on January 27, 2026. This was the company’s fourth dividend.
The company ended this quarter with a gross cash balance of Rs 34,306 crore.
Deal wins surge, TCV crosses $3 billion
As per the filings, the total contract value (TCV) of new deal wins was at $3.01 billion, marking a 17% increase sequentially and 43.5% Y-o-Y. The quarter also included a $473 million, five-year deal with a global apparel retailer, alongside several large AI-led transformation contracts in financial services, technology, life sciences and utilities.
AI revenue accelerates, crosses $146 million
Advanced AI emerged as a key growth driver during the quarter. Advanced AI revenue stood at $146 million, growing 19.9% quarter-on-quarter in constant currency. Digital services revenue rose 17.7% year-on-year, accounting for 43.2% of services revenue.
The company highlighted increasing demand for its AI Force platform, agentic AI solutions and physical AI offerings, with several exclusive AI deals signed during the quarter spanning data centres, compliance, industrial inspection and contact centre automation.
Headcount flat, attrition eases as cost control continues
HCLTech’s total employee headcount stood at 226,379, with a net reduction of 261 employees during the quarter. The company added 2,852 freshers, while lateral hiring remained muted.
Attrition continued to trend down, with LTM attrition falling to 12.4%, compared with 13.2% a year earlier. Employee benefits expense rose to Rs 18,867 crore, accounting for 55.7% of revenue, broadly stable compared with the previous quarter, indicating continued cost discipline even as wage pressures persist.