HCLTech on Monday raised its FY26 services constant currency (CC) revenue growth guidance to 4.75–5.25%, from its earlier outlook of 4–5%, as it announced its Q3 FY26 results.
The company also maintained its overall FY26 revenue growth guidance at 4.0–4.5% year-on-year in constant currency, according to its earnings presentation for the quarter ended December 31, 2025.
On margins, HCLTech guided for an EBIT margin range of 17.0–18.0% for FY26.
For the third quarter, the company reported INR revenue of ₹33,872 crore, up 6.0% quarter-on-quarter and 13.3% year-on-year. Revenue in constant currency terms grew 4.2% QoQ and 4.8% YoY, while USD revenue stood at $3,793 million, up 4.1% QoQ and 7.4% YoY.
EBIT for Q3 FY26 came in at ₹6,285 crore, representing an EBIT margin of 18.6%. The company noted that the quarter’s EBIT margin includes an 81 basis point impact from restructuring costs. Net income for the quarter stood at ₹4,795 crore, up 13.2% QoQ and 4.5% YoY.
HCLTech said its digital constant currency revenue grew 17.7% year-on-year, contributing 43.2% of services revenue, while advanced AI revenue stood at $146 million, up 19.9% quarter-on-quarter in constant currency. HCLTech Services CC revenue grew 1.8% QoQ and 5.0% YoY, while HCLSoftware CC revenue rose 3.1% YoY, with annual recurring revenue at $1.07 billion, up 0.6% YoY in constant currency.
Deal momentum remained healthy during the quarter, with total contract value (TCV) of new deal wins at $3,006 million, up 17.0% QoQ and 43.5% YoY.
On the people front, total headcount stood at 226,379, with a net reduction of 261 employees during the quarter. The company added 2,852 freshers, while last twelve months attrition declined to 12.4%, compared with 13.2% in Q3 of the previous year.
HCLTech also announced an interim dividend of ₹12 per share, marking its 92nd consecutive quarter of dividend payout.
Disclaimer: This article is based strictly on information disclosed by the company in its Q3 FY26 results presentation. Guidance and outlook statements are forward-looking in nature and subject to risks and uncertainties. This is not investment advice.
