In a move that brings cheer to its workforce, HCL Technologies announced a wage hike for employees starting October 2025. The decision follows a strong performance in the September quarter, reflecting the company’s commitment to rewarding employee contribution.

During the Q2 earnings conference, Ram Sundararajan, Chief People Officer, confirmed that HCLTech will roll out increments similar to last year’s process. In 2024, employees had received an average salary hike of 7%, while top performers enjoyed increases of up to 14%.

Key Takeaways

• HCL Technologies will implement salary hikes from October 2025, rewarding employee performance after a strong Q2.
• The company is merging variable pay into fixed salaries, offering employees greater income stability.
• HCLTech’s Q2 FY26 revenue rose 11% YoY to ₹31,942 crore, with net profit at ₹4,235 crore.
• The operating margin improved to 17.5%, driven by strong execution and cost control.
• HCLTech added 3,489 employees in Q2, with attrition dropping to 12.6%.
• The company retained its FY26 growth guidance of 3–5% and aims for 17–18% Ebit margin.

What Changes Is HCL Technologies Making to Its Pay Structure?

HCLTech has also taken a major step to move quarterly variable pay into fixed pay for all employees. The variable component will now be merged with the fixed salary, offering greater income stability to workers.

Sundararajan explained that the decision aims to support employees who have consistently helped the company deliver strong results. By converting variable pay to fixed, the company enhances financial predictability for its workforce while simplifying payroll structures.

How Did HCL Technologies Perform in Q2 FY26?

In the second quarter, HCL Technologies delivered steady financial results. The company reported a net profit of ₹4,235 crore, remaining flat compared to the previous quarter. However, its revenue increased 11% year-on-year to ₹31,942 crore, up from ₹28,862 crore in Q2FY25.

Sequentially, revenue rose 5.2%, while net profit grew 10.17%. The operating margin expanded by 120 basis points to 17.5%, driven by improved efficiency and cost management.

What Are HCL Technologies’ Hiring and Attrition Trends?

HCLTech added 3,489 employees during Q2, bringing its total workforce to 226,640. The company also onboarded 5,196 freshers, taking the total number of new graduates hired to 7,180 in the first half of FY26.

The firm reported a voluntary attrition rate of 12.6% on a last twelve months (LTM) basis, marking a 20-basis-point decline compared to the previous quarter. This decline highlights improved employee satisfaction and better retention.

What Are HCL Technologies’ Future Growth Plans?

HCLTech has retained its FY26 revenue growth guidance at 3–5% year-on-year in constant currency terms. The company expects its Ebit margin to stay between 17–18% for the full fiscal year.

With wage hikes, stable pay structures, and strategic workforce expansion, HCLTech continues to strengthen its position among India’s top IT services companies.