HCLTech on Monday reported an 11.2 per cent year-on-year decline in net profit to ₹4,076 crore for the third quarter of FY26, compared with ₹4,591 crore in the same period last year. On a sequential basis, profit fell 3.75 per cent, reflecting margin pressures despite strong revenue growth.
Revenue for the quarter rose 13.32 per cent year-on-year in reported terms to ₹33,872 crore. Sequentially, revenue increased 6.04 per cent, driven by robust deal wins and growth across service lines.
The IT major’s board approved an interim dividend of ₹12 per share, marking its 92nd consecutive quarter of dividend payout, underlining its consistent shareholder return policy.
Commenting on the performance, HCLTech CEO and Managing Director C Vijayakumar said the company’s strong execution helped it cross $15 billion in annualised revenue. “Our new bookings were exceptionally high at $3 billion during the quarter. HCL Software revenue grew sharply by 28.1 per cent quarter-on-quarter and 3.1 per cent year-on-year in constant currency, driven by seasonality and the data intelligence portfolio,” he said.
Vijayakumar added that the company remains well positioned to address increasing client demand for artificial intelligence-led solutions across industries and service lines, as enterprises continue to prioritise digital transformation and efficiency gains.
HCLTech’s performance was supported by healthy deal traction, with large contracts contributing significantly to revenue momentum. The company has been focusing on expanding its capabilities in AI, cloud, data and software-led offerings, which continue to see strong client interest.
On the workforce front, HCLTech reported a total headcount of 226,379 employees at the end of the quarter. Net additions during Q3 stood at 261, including the onboarding of 2,852 freshers, indicating a calibrated hiring approach amid an evolving demand environment.
While revenue growth remained strong, profitability was impacted by higher costs and investments aligned with long-term growth priorities. The company did not disclose detailed margin figures in the quarterly update, but management indicated confidence in sustaining growth momentum, supported by a healthy order pipeline and strong demand for digital, AI and software-led services.
Going ahead, HCLTech is expected to continue leveraging its diversified portfolio, strong client relationships and expanding AI capabilities to navigate macroeconomic uncertainties and capitalise on technology spending across global markets.
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