HCLTech Powers Ahead: $3B Deal Haul Fuels AI-Driven Growth Amid Steady FY26 Outlook

Key Highlights

• Deal Wins Surge: Q3 TCV reaches $3,006M, up 43.5% YoY, driven by AI-powered large deals across portfolio; underscores demand for HCLTech's GenAI platforms like AI Force.
• ​AI Momentum: AI continues as pivotal growth driver, with expanded automotive, telecom deals featuring NVIDIA clusters, Responsible AI governance for scalable transformation.
• ​Financial Snapshot: Revenue climbs 13% YoY to Rs 33,872Cr; EBIT at 18.6% (up 8% YoY) but hit by 81bps restructuring; net profit Rs 4,082Cr (-11% YoY). Headcount: 226,379; attrition 12.4% LTM.
• ​Labour Code Impact: Q3 includes Rs 9.56B one-time charge from new codes (effective Nov 2025), raising PF/gratuity via 50% basic wage mandate, overtime recalibration.
• ​FY26 Guidance: Revenue 4-4.5% YoY CC (services 4.75-5.25%); EBIT margin 17-18%; stable amid software seasonality, wage investments.

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Outlook
HCLTech's execution shines in uncertain IT landscape, with AI deals offsetting macro pressures. Investors eye Q4 ramp-up toward guidance.
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Sources: Business Today (Jan 12, 2026), HCLTech Investor Relations, ScanX, NDTV Profit