HCLTech Q2 results: Net profit rises 11% QoQ to ₹5,132 crore; revenue up 3%

HCL Technologies on Monday reported an 11% quarter-on-quarter (QoQ) rise in consolidated net profit to ₹5,132 crore for the second quarter of FY27, compared with ₹4,626 crore in the June quarter. Revenue from operations increased 3% QoQ to ₹35,620 crore from ₹34,579 crore in the preceding quarter, the Noida-based company said in an exchange filing today.

Revenue grew 11.5% year-on-year (YoY), while net profit rose 21.2% from the year-ago period. In constant currency (CC) terms, revenue increased 2.3% sequentially and 2.6% annually.

HCLTech's board also declared a second interim dividend of ₹12 per share for the financial year 2026-27. The record date for the payment of the interim dividend is October 16 and the payment date is October 26, 2026, as per the release.

Ahead of Q2 results, HCLTech shares ended 0.47% higher at ₹1,220 on the BSE, with a market capitalisation of around ₹3.31 lakh crore.

Advanced AI revenue grows 78% YoY

HCLTech reported advanced artificial intelligence (AI) revenue of $219 million in the September quarter, up 78% YoY in constant currency terms and 28.4% sequentially, as per the company.

The company’s earnings before interest and tax (EBIT) margin improved to 18.2%, expanding 131 basis points QoQ and 71 basis points YoY. Diluted earnings per share (EPS) stood at ₹70.22, up 5% sequentially and 12.2% from the year-ago period.

The company reported new deal wins worth $3.258 billion during the quarter. Free cash flow stood at 87% of net income on a last-twelve-month basis, while return on invested capital was 41.2%.

“The accelerating growth in Advanced AI revenue validates our business strategy. Through strategic partnerships and continued investments across the full AI stack, HCLTech is well-positioned to be a trusted technology partner for enterprises and governments globally,” said Roshni Nadar Malhotra, chairperson of HCLTech.

FY27 revenue growth guidance retained

For FY27, HCLTech retained its guidance for revenue growth of 2.5% to 4% in constant currency terms. It expects services revenue to grow 3% to 4% in constant currency terms.

The company expects its EBIT margin to remain in the range of 17.5% to 18.5% for the financial year.

As of September 30, 2026, HCLTech’s total employee count stood at 230,339, compared with 223,889 at the end of the June quarter. The company added 6,450 employees on a net basis during the quarter and hired 6,136 freshers.

The company’s last-twelve-month attrition rate stood at 12.8%, compared with 12.7% in the June quarter and 12.6% in the September quarter of the previous year. Women accounted for 30% of the workforce, up from 29.6% in the preceding quarter.