In a major development for HCLTech employees, the IT services giant has decided to convert quarterly variable pay into a fixed salary component. The move comes alongside a planned wage hike effective from October 2025, according to Ram Sundararajan, Chief People Officer, during the Q2 earnings conference.
Fixed Pay: A Step Toward Employee Stability
Sundararajan explained, “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.” This decision aims to provide greater financial predictability for HCLTech’s workforce, rewarding their contributions toward the company’s strong quarterly performance.
Wage Hikes Following Strong Quarterly Results
Following a successful quarter, HCLTech will implement salary increments effective October 2025. “We will follow the same process that we did last year,” Sundararajan added. Last year, the company offered a 7% salary hike, with top performers receiving raises of 12-14%. Employees can expect similar benefits this year, further enhancing overall compensation.
Workforce Expansion and Fresher Hiring
HCLTech continues to grow its workforce steadily. In Q2, the company added 3,489 employees, bringing the total headcount to 226,640. Additionally, 5,196 freshers joined during the quarter, taking the total fresher addition for H1FY26 to 7,180. These numbers highlight HCLTech’s focus on expanding talent pools and nurturing young professionals.
Financial Performance in Q2FY26
HCLTech reported net profit of Rs 4,235 crore for Q2FY26, remaining flat compared to the previous quarter. Revenue grew 11% YoY to Rs 31,942 crore, while sequential growth was 5.2%. Net profit surged 10.17% sequentially. Operating margin expanded by 120 basis points to 17.5%, reflecting strong operational efficiency.
Outlook for FY26
The company retained its revenue growth guidance for FY26 at 3-5% YoY in constant currency. EBIT or operating margin is expected in the 17-18% range for the full year, indicating a steady outlook despite global IT industry challenges.
HCLTech’s combined approach of fixed pay, salary hikes, and strategic workforce expansion underlines its commitment to employee welfare while maintaining robust financial health.
