Good news for HCLTech employees, salary hikes from October, company to move variable pay to fixed salary

New Delhi: Ram Sundararajan, Chief People Officer, during the earnings conference for the September quarter, shared good news for HCLTech’s employees. The company has decided to move quarterly variable pay to a fixed pay structure. The IT giant will also roll out wage hikes, effective from October 2025.

7 per cent salary hike in 2024

“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.

HCLTech had, last year, implemented a 7 per cent salary hike starting in October. Also, top performers had received raises of up to 12-14 per cent.

Crucial decisions to support employees

“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 achieving,” said Ram Sundararajan.

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.

Operating margin at 17.5 per cent

Voluntary attrition on a last twelve months (LTM) basis stood at 12.6 per cent, 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 per cent to Rs 31,942 crore in Q2FY26 as against Rs 28,862 crore in Q2FY25. Sequentially, revenue grew by 5.2 per cent while net profit surged 10.17 per cent.

Operating margin came in at 17.5 per cent, expanding 120 bps sequentially.

HCLTech has retained its revenue growth guidance for FY26 at 3-5 per cent YoY in constant currency, while Ebit margin or operating margin is expected to be in the 17-18 per cent range for the full year.

News