HCL Technologies, the country’s third-largest IT company, announced its financial performance for the quarter ended September (Q2FY26) today, along with updates on attrition, total employee count, and net additions during the period.
The company’s voluntary employee attrition rate fell to 12.6% in September 2025, down from 12.9% in September 2024 and 12.8% in June 2025. This reflects a reduction in the number of employees choosing to leave the company over the past year, based on a trailing twelve-month (LTM) basis, according to the company’s regulatory filing.
Meanwhile, the attrition rate excludes involuntary attrition and employees in Digital Process Operations.
The Noida-based company had a total of 226,640 employees as of September 30, 2025, compared to 223,151 at the end of June 2025, indicating a net addition of 3,489 employees during the quarter. On a year-on-year (YoY) basis, the company added 8,019 employees, up from 218,621 in September 2024.
HCL Technologies reported higher-than-expected revenue, retains FY26 forecast
The software company reported higher-than-expected revenue of ₹31,942 crore for Q2FY26, marking an improvement of 5.2% quarter-on-quarter (QoQ) and 10.7% year-on-year (YoY). In constant currency (CC) terms, revenue rose by 2.4% QoQ and 4.6% YoY.
The revenue beat was driven by HCL Tech ramping up large deals with Volvo Cars and European energy firm Equinor, announced in previous quarters. On the bottom line, net profit slightly missed estimates, coming in at ₹4,235 crore.
The company also maintained its 3%-5% revenue growth forecast for the current fiscal year, in line with analysts’ expectations.
HCL Tech’s new deal bookings stood at $2.57 billion in the second quarter, up from $1.81 billion in the previous quarter and $2.2 billion in the year-ago period, its earnings’ filing showed.
