HCL Technologies reported a 21.2% year-on-year increase in consolidated net profit to Rs. 5,132 crore for the July-September quarter of FY27. The company had recorded a net profit of Rs. 4,235 crore in the corresponding quarter last year.
On a sequential basis, net profit rose around 11% from Rs. 4,624 crore in the June quarter. Revenue from operations increased 11.5% year-on-year to Rs. 35,620 crore from Rs. 31,942 crore in Q2 FY26. However, revenue marginally missed market estimates of Rs. 35,686 crore, according to Reuters.
Company Declares Rs. 12 Interim Dividend
C Vijayakumar, CEO and MD, HCLTech said, “We delivered a strong quarter with new bookings of USD 3.3 billion, up 27% YoY, taking first-half bookings to a record high. EBIT margin expanded 131 bps QoQ to 18.2%. Services grew 3.0% QoQ with growth across verticals and geographies, while overall revenue grew 2.3% QoQ.”
HCLTech reported annualised advanced AI revenue of USD 219 million in the September quarter, up from USD 171 million in the preceding quarter.
He further added, “Advanced AI revenue grew 28.4% QoQ and 78.0% YoY in constant currency. Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory.”
AI Revenue and Deal Wins Support Performance
The company's new deal wins reached USD 3.26 billion during the quarter, compared with USD 2.4 billion in Q1 FY27 and USD 2.57 billion a year earlier. The latest figure included a USD 1.14 billion contract with Mercedes-Benz.
Operating margin stood at 18.2%, increasing by 80 basis points year-on-year. HCLTech narrowed its FY27 revenue growth guidance to 2.5%-4% in constant currency terms, compared with its earlier range of 1%-4%.
The company maintained its EBIT margin guidance at 17.5%-18.5%. Its services business revenue growth guidance stands at 3%-4% in constant currency terms. The revised outlook comes as AI adoption reshapes the IT services industry.
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