HCLTech Q2 FY27 Results: Net Income Hits Record ₹5,132 Crore As New Deal Bookings Grow 27% To US$3.3 Billion
Add Preferred News Source
HCLTech reported Q2 FY27 a YoY increase of 11.5% in revenue to ₹35,620 crore. Net income rose 21.2% to ₹5,132 crore. New deal bookings increased 27% to $3.26 billion.
HCLTech Q2 results included revenue of ₹35,620 crore, which was an increase of 11.5% year on year (YoY). Net income rose 21.2% to ₹5,132 crore, and earnings before interest and tax (EBIT) increased to ₹6,465 crore.
New deal bookings reached US$3.258 billion. This was an increase of 27% YoY, taking first-half bookings to a record high. As a result, the company has announced a dividend of ₹12 per share.
The HCLTech share price closed at ₹1,223 on 12 October 2026 on the National Stock Exchange (NSE).
What Were The Q2 Financial Highlights?
The HCLTech Q2 result showed EBIT margin expanding to 18.2%, up 71 basis points YoY and 131 basis points sequentially. Diluted earnings per share (EPS) stood at ₹70.22.
The company reported a return on invested capital of 41.2% on a last-twelve-month basis, up 261 basis points YoY. Its constant-currency revenue grew 2.6% YoY and 2.3% quarter-on-quarter (QoQ).
What Were The Operational And Business Highlights?
Services revenue grew 4% YoY in constant currency (CC). Advanced AI revenue reached US$219 million, increasing 78% YoY and 28.4% QoQ. HCL Software revenue declined 11.2% YoY in CC, although its annual recurring revenue rose 7.8% to $1.134 billion.
Among industry verticals, retail and consumer packaged goods recorded 14% YoY constant-currency growth, followed by financial services at 7.1%. HCLTech added 6,450 employees during the quarter, taking its workforce to 230,339.
The company retained its FY27 constant-currency revenue growth guidance of 2.5%-4% and services growth guidance of 3%-4%. Its EBIT margin outlook remained at 17.5%-18.5%.
What Did HCLTech Management Say?
C Vijayakumar, CEO and Managing Director, said new bookings of $3.3 billion and the 131-basis-point QoQ expansion in EBIT margin marked a strong quarter. He also highlighted the growth in Advanced AI revenue, saying the company’s AI offerings were resonating with clients.
Chief Financial Officer Shiv Walia attributed the improvement in profitability and return on invested capital to the company’s focus on capital efficiency. Chairperson Roshni Nadar Malhotra said accelerating Advanced AI revenue growth supported HCLTech’s strategy of investing across the AI stack and building strategic partnerships.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
