In good news for HCLTech’s employees, the IT services major has decided to move quarterly variable pay to a fixed pay structure. The company will also roll out wage hikes, effective from October 2025, Ram Sundararajan, Chief People Officer, said during the earnings conference for the September quarter.
“Given the strong quarter we have had, we have decided to roll out the increments effective from October. We will follow the same process that we did last year,” he said.
Last year, HCLTech had implemented a 7 percent salary hike starting in October. Top performers had received raises of up to 12-14 percent.
Sundararajan added, “In addition, we have also taken the call to move variable pay and convert it into fixed pay and merge it into fixed salary for all employees. These are the two crucial decisions we have taken to support our employees who have helped us deliver the results we have been doing.”
In Q2, HCLTech reported a net addition of 3,489 employees, bringing its total workforce to 226,640.
HCLTech also onboarded 5,196 freshers in Q2, taking the total fresher addition to 7,180 as of H1FY26.
Voluntary attrition on a last twelve months (LTM) basis stood at 12.6 percent, plunging 20 basis points from the previous quarter.
HCLTech reported its Q2 earnings on October 13. Net profit remained flat at Rs 4,235 crore for the quarter ended September 30, 2025.
The firm’s revenue rose 11 percent to Rs 31,942 crore in Q2FY26 as against Rs 28,862 crore in Q2FY25. Sequentially, revenue grew by 5.2 percent while net profit surged 10.17 percent.
Operating margin came in at 17.5 percent, expanding 120 bps sequentially.
HCLTech has retained its revenue growth guidance for FY26 at 3-5 percent YoY in constant currency, while Ebit margin or operating margin is expected to be in 17-18 percent range for the full year.