HCLTech to Increase Employee Salaries from October Following Robust Growth

HCLTech announced that it will begin giving its workers raises in October, following the lead of its bigger competitor Tata Consultancy Services (TCS), which did so last month with the support of robust revenue growth, improved deal visibility, and sizable artificial intelligence (AI) income.

The percentage increase that HCLTech would provide to its 226,640 employees was not disclosed. However, the business stated that it will adhere to the same procedure that was used the previous year. HCL has made a big decision by combining quarterly variable compensation with fixed pay for all of its workers, which it claims will help the less experienced workers.

HCL’s Senior and Midday Level Employee will Receive APB

Chief people officer Ram Sundararajan said that for the great majority, variable compensation was based on performance at the project level. In order to pay it on a monthly basis, we are combining it with fixed pay. Junior employees will benefit from quarterly performance-level compensation, which was primarily connected to them. HCL reiterated that senior and mid-level staff will continue to receive yearly performance bonuses, which tie compensation to performance.

During the second quarter, which concluded on September 30, the corporation hired 5,196 new engineering graduates and gained 3,489 employees. As a result, during the first half of the fiscal year, HCL hired roughly 7,180 new employees. Sundararajan had stated in April that the company would hire a lot more new hires in FY26 than in FY25. In FY26, HCL’s voluntary attrition decreased 30 basis points to 12.6%.

HCL Hired Additional 5,196 Freshers

Additionally, HCLTech onboarded 5,196 new hires in Q2, bringing the total number of new hires to 7,180 as of H1FY26. On a last-twelve-month (LTM) basis, voluntary attrition was 12.6%, a 20-basis-point decline from the quarter before. On October 13, HCLTech released their Q2 financial results.

For the quarter that concluded on September 30, 2025, net profit stayed constant at INR 4,235 crore. Compared to INR 28,862 crore in Q2FY25, the company’s revenue increased by 11% to INR 31,942 crore in Q2FY26. Revenue increased 5.2% sequentially, but net profit increased 10.17%. The operating margin increased 120 basis points sequentially to 17.5%. HCLTech has maintained its forecast for revenue growth in FY26 at 3-5% YoY in constant currency, with an operating profit or EBIT margin of 17-18% for the entire year.