HCL TECH Delivers Stellar Q2 Results: Profit Surges 21.2% as AI Business Expands
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HCL TECH Q2 Results: HCL Technologies reported strong financial performance for the second quarter of FY27, with consolidated net profit rising 21.2% year-on-year (YoY) to ₹5,132 crore. The IT services company also improved its operating margin, recorded strong AI revenue growth, and raised the lower end of its full-year revenue growth guidance. Additionally, HCL TECH announced an interim dividend of ₹12 per equity share and a strategic partnership with Anthropic to accelerate enterprise adoption of artificial intelligence.
HCL TECH reported consolidated net profit of ₹5,132 crore for the quarter ended September 30, 2026, compared with ₹4,626 crore in the previous quarter. This represents an 11% quarter-on-quarter (QoQ) increase and 21.2% growth compared with the corresponding period last year.
Revenue from operations reached ₹35,620 crore, up 3% QoQ from ₹34,579 crore in Q1FY27. On a YoY basis, revenue increased 11.5%. In constant currency terms, revenue grew 2.3% QoQ and 2.6% YoY.
The HCL Technologies results also showed an improvement in profitability. The company's operating EBIT margin expanded to 18.2%, increasing by 131 basis points QoQ and 71 basis points YoY.
Following its quarterly performance, HCL TECH revised its full-year FY27 revenue growth guidance to 2.5%-4%, compared with the earlier range of 1%–4%. This adjustment raises the lower end of its revenue growth outlook.
The company retained its full-year operating EBIT margin guidance at 17.5%-18.5%. Its services revenue growth guidance remained at 3%–4% in constant currency terms.
The revised HCL Tech revenue guidance reflects the company's updated outlook for the remainder of the financial year. Investors will monitor whether demand for IT services, digital transformation, and AI solutions supports the projected growth.
Artificial intelligence continued to contribute to HCL TECH's business performance. The company reported advanced AI revenue of $219 million, representing 28.4% QoQ and 78% YoY growth in constant currency terms.
HCL TECH also announced a Global Premier Partnership with Anthropic to accelerate the adoption of agentic AI across global enterprises. The collaboration focuses on enterprise AI deployment, safety, cybersecurity, and governance.
Chairperson Roshni Nadar Malhotra said that accelerating advanced AI revenue validates the company's business strategy. She highlighted the importance of strategic partnerships and investments across the AI technology stack in serving enterprises and governments worldwide.
The HCL Tech AI partnership with Anthropic adds to the company's efforts to expand its AI capabilities as businesses increasingly explore AI-powered solutions.
HCL TECH reported total new bookings of $3.3 billion, up 27% YoY. Net new deal wins stood at $3.24 billion, including a $1.14 billion mega AI deal from Mercedes-Benz.
CEO and Managing Director C. Vijayakumar said the company achieved record-high bookings for the first half of FY27. He also highlighted growth across services, industry verticals, and geographies, alongside the expansion in operating margins.
Strong bookings are an important indicator of future business opportunities, although the timing of contract execution and revenue recognition can influence the company's quarterly financial performance.
Alongside its quarterly results, HCL TECH announced a second interim dividend of ₹12 per equity share, with a face value of ₹2 per share.
The announced record date is October 16, 2026, while dividend payment is scheduled for October 26, 2026, according to the provided earnings details. Eligible shareholders should refer to the company's official announcement for the applicable terms and dates.
The HCL Tech dividend is an important shareholder update accompanying the company's quarterly earnings announcement.
The HCL Tech share price closed 0.5% higher at ₹1,223 per share on October 12, 2026. The company announced its Q2FY27 results after market hours.
The market closing price reflects trading before the earnings announcement, so it does not indicate how investors subsequently assessed the results. Investors will likely track the company's revised revenue outlook, margin performance, AI growth, and deal pipeline when evaluating its financial outlook.
The latest HCL TECH results highlighted several important developments:
Net profit: ₹5,132 crore, up 21.2% YoY.
Revenue: ₹35,620 crore, up 11.5% YoY.
Operating EBIT margin: 18.2%, up 131 basis points QoQ.
Advanced AI revenue: $219 million, up 78% YoY in constant currency.
New bookings: $3.3 billion, up 27% YoY.
FY27 revenue guidance: 2.5%-4%.
Interim dividend: ₹12 per equity share.
Overall, HCL TECH delivered higher quarterly profit and revenue, improved operating margins, and strong growth in advanced AI revenue. Its revised revenue guidance and Anthropic partnership are key developments to watch as the company moves through FY27.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please verify financial figures, dividend dates, and company announcements against official disclosures before making investment decisions.
