For the July–September quarter of FY27, HCL Technologies announced a 21.2% year-over-year surge in consolidated net profit, reaching Rs. 5,132 crore. During the same period last year, the firm posted a net profit of Rs. 4,235 crore.
Compared to the June quarter, net profit climbed roughly 11% from Rs. 4,624 crore. Meanwhile, operations revenue grew 11.5% year-over-year, moving from Rs. 31,942 crore in Q2 FY26 to Rs. 35,620 crore. Reuters noted that this revenue figure fell slightly short of the Rs. 35,686 crore anticipated by the market.
Company Declares Rs. 12 Interim Dividend
“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,” stated HCLTech CEO and MD C Vijayakumar.
During the September quarter, HCLTech registered an annualised advanced AI revenue of USD 219 million, up from the USD 171 million reported in the previous quarter.
Vijayakumar additionally noted, “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
New deal wins for the quarter hit USD 3.26 billion, shifting upward from USD 2.4 billion in Q1 FY27 and USD 2.57 billion recorded during the same period last year. This total encompasses a USD 1.14 billion agreement with Mercedes-Benz.
The operating margin reached 18.2%, marking an 80 basis point increase from the previous year. Additionally, HCLTech adjusted its FY27 constant currency revenue growth outlook to a tighter range of 2.5%–4%, shifting from its prior forecast of 1%–4%.
Guidance for EBIT margin was kept at 17.5%–18.5%, while the services division revenue growth projection remains at 3%–4% in constant currency. This updated perspective arrives amid ongoing shifts in the IT services sector driven by artificial intelligence adoption.
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