HCL Tech Q2 PAT rises 11% QoQ to Rs 5,132 cr

HCL Technologies reported consolidated net profit increased 10.99% to Rs 5,132 crore in Q2 FY27 as compared with Rs 4,624 crore in Q1 FY27.

Revenue from operations increased 3.01% quarter on quarter to Rs 35,620 crore in Q2 FY27 as compared with Rs 34,579 crore in Q1 FY27.

On a year-on-year (YoY) basis, the company?s net profit increased 21.17% to Rs 5,132 crore in Q2 FY27 as compared with Rs 4,235 crore in Q2 FY26. Revenue from operations rose 11.53% year on year to Rs 35,620 crore in Q2 FY27 as compared with Rs 31,942 crore in Q2 FY26.

In dollar terms, the company?s revenue stood at $3,724 million, up 2% QoQ and 2.2% YoY. In constant currency (CC) terms, revenue increased 2.6% YoY and 2.3% QoQ.

Earnings before interest and tax (EBIT) for Q2 FY27 rallied 16.49% to Rs 6,465 crore, compared to Rs 5,550 crore in Q2 FY26.

On an LTM basis, the company?s Return on Invested Capital (ROIC) improved YoY to 41.2%, while Services ROIC rose YoY to 49.4%.

HCLTech?s new deal wins stood at $3,258 million, while its free cash flow to net income ratio was 87% and return on invested capital (ROIC) stood at 41.2%, both on a last twelve months (LTM) basis.

The company?s total employee strength stood at 230,339 as of 30 September 2026, with a net addition of 6,450 employees during the quarter, including 6,136 freshers onboarded.

In Q2 FY27, 19,660+ employees used HCLTech, contributing to 5,600+ approved ideas and 1,900+ implemented ideas that delivered $318 million in customer-approved value.

HCLTech?s LTM attrition rate stood at 12.8% in Q2 FY27, up from 12.6% in Q2 FY26.

For FY27, HCLTech expects revenue growth of 2.5?4% YoY in constant currency, services revenue growth of 3?4% YoY, and an EBIT margin of 17.5?18.5%.

Roshni Nadar Malhotra, Chairperson, HCLTech, said, ?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.?

C Vijayakumar, CEO & MD, HCLTech, said, ?We delivered a strong quarter with new bookings of $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. 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.?

Shiv Walia, chief financial officer (CFO), HCLTech, said, ?HCLTech delivered Q2 FY27 revenue of ₹35,620 Crores, up 3.0% QoQ and 11.5% YoY. Our superior revenue growth with improved profitability led to our highest-ever quarterly Net Income of INR 5,132 Crores, up 11.0% QoQ and 21.2% YoY. Our razor-sharp focus on improving our capital efficiency has resulted in LTM ROIC of 41.2% for the company, up 261 bps YoY; and 49.4% for the Services business, up 411 bps YoY respectively.?

HCLTech?s board declares an interim dividend of Rs 12 per share (face value Rs 2) for FY26-27; The record date for the payment of the aforesaid interim dividend shall be October 16, 2026, and the payment date of the said interim dividend shall be October 26, 2026.

HCLTech is a global technology company providing AI, digital, engineering, cloud and software services across more than 60 countries. It serves clients across industries, including financial services, manufacturing, healthcare, technology, telecom, retail and public services.

Shares of HCLTech rose 0.47% to close at Rs 1,220 on the BSE.

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