HCLTech shares rise after Q2 profit beat as AI-led demand lifts margins

The stock has rebounded sharply from its 52-week low of ₹1,030 hit in July, though it remains well below its February peak of ₹1,780.10

The brokerage highlighted that HCLTech delivered one of its cleanest quarters in a while, revenue of $3,724 million grew 2.3% QoQ and 2.6% YoY in constant currency, with services up 3% QoQ and 4% YoY

The company's quarterly performance was supported by higher revenue and operating profitability, while management's revised FY27 revenue guidance and commentary on demand, deal wins and margins remained key focus areas for investors.

HCLTech Q2 Review: While services revenue and deal bookings offered some support, revised organic revenue growth guidance and anticipated wage-related cost pressures remain important factors for investors to monitor.

Systematix continues to expect HCLTech to deliver above-industry growth in FY27E and FY28E, underpinned by strong bookings, improving traction in large accounts, continued investment and its longterm AI ambitions, these include building full-stack AI services and taking a minority stake in Sarvam AI.

EBIT-Marge steigt auf 18,2 %; annualisierter Umsatz im Bereich fortschrittlicher KI liegt bei 876 Mio. US-Dollar NEW YORK und NOIDA, Indien, 13. Oktober 2026 /PRNewswire/ -- HCLTech (NSE: HCLTECH) (BSE: HCLTECH), , ein weltweit führendes Technologieunternehmen, hat heute seine...

Mumbai: HCL Technologies on Monday reported a 21.2 per cent year-on-year increase in consolidated net profit to Rs 5,132 crore for the September quarter (Q2 FY27), driven by steady growth in services, strong deal wins and accelerating demand for artificial intelligence-led solutions.HCLTech Adds 6,450 Employees In September Quarter, Headcount Hits Record 2.3 Lakh As Freshers Drive Hiring On a sequential basis, the tech giant reported an 11 per cent rise from Rs 4,626 crore reported in the preceding quarter, according to its stock exchange filing.The IT major also raised the lower end of its FY27 revenue growth guidance and declared an interim dividend of Rs 12 per share.India's Internet Subscriber Base Surges To 1.114 Billion In June 2026 As Broadband And Wireless Adoption Drive Growth: TRAI Revenue growth and margin expansion The Noida-headquartered IT services company posted revenue from operations of Rs 35,620 crore during the quarter, up 3 per cent sequentially from Rs 34,579 crore in the June quarter. On an annual basis, revenue grew 11.5 per cent.The company's operating performance also improved during the quarter, with EBIT margin expanding to 18.2 per cent. Margins rose by 131 basis points quarter-on-quarter and 71 basis points year-on-year, supported by operational efficiencies and growth across business segments.WhatsApp Begins Rolling Out Scheduled Messages To Select Android Users: Here's How It Works Advanced AI revenue gains momentum A key highlight of the quarter was the continued momentum in artificial intelligence-related business. HCLTech's advanced AI revenue stood at $219 million, registering growth of 28.4 per cent over the previous quarter and 78 per cent compared to the year-ago period.Reflecting confidence in business demand, the company revised its FY27 revenue growth guidance to 2.5-4 per cent, compared with the earlier range of 1-4 per cent. It, however, retained its operating margin guidance of 17.5-18.5 per cent for the full year.Deal bookings reach record levels The company also reported robust deal bookings during the quarter. Net new deal wins came in at $3.24 billion, including a mega AI contract worth $1.14 billion from Mercedes-Benz. Total new bookings rose 27 per cent year-on-year to about $3.3 billion, taking first-half bookings to a record level.Amazon In Talks To Buy Israeli AI Startup Decart For Around $7 Billion; Anthropic Decided Against Acquiring For $6 Billion Last Month Leadership highlights strong AI demand Commenting on the performance, HCLTech Chief Executive Officer and Managing Director C Vijayakumar said the company delivered a strong quarter with growth across geographies and verticals, while advanced AI offerings continued to witness strong client traction."Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” he added.HCLTech Chairperson Roshni Nadar Malhotra said the accelerating growth in advanced AI revenue validates the company's strategy and investments across the AI technology stack."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,” Nadar noted.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

New Delhi: HCLTech on Monday said that it has added 6,450 employees on a net basis in the September quarter, marking its highest quarterly workforce addition in 16 quarters and taking its total headcount to a record 230,339 as of September 30. The sharp increase reversed the decline recorded in the previous quarter, when the IT services major reported a net reduction of 3,292 employees. Freshers drive workforce expansion Freshers accounted for the bulk of the hiring, with 6,136 new employees joining during the September quarter. This was significantly higher than the 1,056 freshers added in the June quarter and 1,712 in the March quarter, as per its stock exchange filing.HCLTech’s workforce had remained relatively volatile over the preceding four quarters. Its headcount stood at 226,640 at the end of September 2025 before declining to 226,379 in December. Employee numbers subsequently rose to 227,181 in March 2026 but fell to 223,889 in June, before recovering sharply in the latest quarter.Google Says $15 Billion Visakhapatnam AI Data Centre Will Use Air Cooling Amid Water Scarcity Concerns Attrition rises marginally The expansion in employee numbers came alongside a marginal increase in attrition. The company’s last-twelve-month attrition rate rose to 12.8 per cent in September from 12.7 per cent in June and 12.5 per cent in March. Meanwhile, women accounted for 30 per cent of the workforce at the end of September, up from 29.6 per cent in each of the previous two quarters.HCLTech said its annual salary increments would take effect from October 1, a development that will add to employee-related costs in the coming quarters.Profit and revenue register growthAI Reshuffle: The Tech Jobs Being Cut vs The Ones Being Created The hiring momentum coincided with an improvement in the company’s financial performance. HCLTech reported a net profit of Rs 5,132 crore for the September quarter, up 11 per cent sequentially from Rs 4,624 crore in the June quarter. Revenue increased 3 per cent to Rs 35,620 crore from Rs 34,579 crore in the preceding quarter.Revenue guidance revised upwards The company also revised the lower end of its FY27 constant-currency revenue growth guidance upwards to 2.5 per cent from 1 per cent, while retaining the upper end at 4 per cent. Its board recommended an interim dividend of Rs 12 per share for FY2026-27.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

HCLTech's Rs 12 interim dividend comes alongside September quarter results, with consolidated net profit rising 11% sequentially to Rs 5,132 crore and revenue increasing to Rs 35,620 crore.

HCLTech Q2 YoY revenue up 2.2% to $3.7 billion, narrows FY27 guidance

Q2 Results Live: Track the results announcement, dividend update, earnings call, key financial metrics, management commentary and share price reaction.

Raises guidance to 2.5-4% from 1-4%, while EBIT margin guidance remains at 17.5-18.5% per cent

HCLTech has raised its FY27 revenue growth guidance to 2.5-4% from 1-4%, while retaining its EBIT margin outlook. The company also reported 2.3% sequential constant currency revenue growth and a 28.4% rise in advanced AI revenue to $219 million.

HCLTech's net profit rose 11% to an all-time high; advanced AI revenue jumped 28.1% as deal wins reached $3.26 billion.

HCL Technologies declared an interim divided of Rs 12 per share.

HCLTech's revenue totalled Rs 35,620 crore, aligning with analysts' estimates of Rs 35,547 crore, as tracked by Bloomberg.

HCLTech's revenue totalled Rs 35,620 crore, aligning with analysts' estimates of Rs 35,547 crore, as tracked by Bloomberg.

Mumbai: HCL Technologies Ltd (HCLTech) on Monday announced a 21.2% year-on-year (YoY) increase in its consolidated net income to ₹5,132 crore for the second quarter ended 30 September 2026. The company’s revenue for the quarter grew by 11.5% YoY to ₹35,620 crore.Quarterly FinancialsSequentially, the consolidated net income was up 11% from ₹4,624 crore in the preceding quarter. Revenue also saw a quarter-on-quarter (QoQ) increase of 3.0% from ₹34,579 crore.'Fewer Indian Workers In The US, More American Tech Moving To India': Former HCL CEO Vineet Nayar On Unintended Impact Of Trump's PERM Curbs EBIT and EPS PerformanceThe Earnings Before Interest and Taxes (EBIT) stood at ₹6,465 crore, marking an 18.2% EBIT margin for the quarter. Diluted Earnings Per Share (EPS) for the quarter was ₹70.22, a 12.2% YoY increase.New Deal Wins and MarginsHCLTech reported new deal bookings of $3,258 million (approximately ₹27,476 crore based on an exchange rate of 84.33 INR/USD). The EBIT margin expanded by 131 basis points QoQ and 71 basis points YoY, according to the company. The net income margin for Q2 FY27 stood at 14.4% of revenue.Leadership CommentaryRoshni Nadar Malhotra, Chairperson, noted that the accelerating growth in advanced AI revenue validates the company's business strategy. C Vijayakumar, CEO and Managing Director, added that HCLTech delivered a strong quarter with first-half bookings reaching a record high.HCL Technologies Q1 Net Profit Jumps 20.35% YoY To ₹4,626 Crore, Interim Dividend Of ₹12 Announced Capital EfficiencyShiv Walia, Chief Financial Officer, stated that a focus on improving capital efficiency resulted in a trailing twelve-month (LTM) Return on Invested Capital (ROIC) of 41.2% for the company. This was an increase of 261 basis points YoY, and 49.4% for the Services business, up 411 basis points YoY.Dividend DeclaredThe company also declared a dividend of ₹12 per share. This reflects the company's financial performance and shareholder return strategy.Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.

HCL Technologies shares rose ahead of the IT major’s Q2 FY27 results, with brokerages expecting around 12% year-on-year growth in net profit and 16% growth in revenue. Acquisitions, deal ramp-ups and seasonal strength are likely to support performance, while investors will watch for a revision in the company’s guidance.

HCLTech Q2 Preview: Investors will closely monitor constant currency (CC) revenue growth, which is expected to come in at 2.5% to 3%, including an estimated 0.8% contribution from inorganic growth.

HCLTech Q2 Preview: Investors will closely monitor constant currency (CC) revenue growth, which is expected to come in at 2.5% to 3%, including an estimated 0.8% contribution from inorganic growth.