HCL Technologies kicked off big-ticket IT earnings with a strong September quarter, reporting consolidated net profit of Rs 5,132 crore, about 21 per cent higher than the year-ago period, and announcing an interim dividend of Rs 12 per share.
The headline numbers
The company put the year-on-year profit growth at about 21 per cent, rising to Rs 5,132 crore from Rs 4,235 crore a year ago, according to The Economic Times, beating the Bloomberg consensus estimate of Rs 4,875 crore. Another report put the year-ago base at Rs 4,135 crore, with the rise working out to 21.18 per cent.
Revenue from operations grew about 11.5 per cent year-on-year to Rs 35,620 crore, up from Rs 31,942 crore, according to ANI, while sequentially revenue rose 3 per cent. In constant currency terms, revenue grew 2.6 per cent year-on-year and 2.3 per cent quarter-on-quarter. Profit rose 11 per cent sequentially from Rs 4,624 crore in the June quarter.
Margins expand, deal wins strong
Earnings before interest and tax stood at Rs 6,465 crore, with the EBIT margin at 18.2 per cent, expanding 131 basis points sequentially and 71 basis points year-on-year. The company said the margin included an 84-basis-point impact from restructuring costs during the quarter. New deal wins stood at USD 3.26 billion in the quarter, with the company citing growth in services and rising traction in advanced AI-led work. Its advanced AI business touched USD 219 million in revenue, up 28.4 per cent quarter-on-quarter.
The company retained its FY27 guidance: an EBIT margin band of 17.5 to 18.5 per cent, and constant-currency revenue growth of 2.5 to 4 per cent for the overall business and 3 to 4 per cent for the services business. Headcount stood at 2.3 lakh employees, with 6,450 freshers hired during the quarter and attrition easing to 12.8 per cent.
Dividend details
The board declared an interim dividend of Rs 12 per equity share of face value Rs 2 for FY27. October 16, 2026 has been fixed as the record date to determine eligible shareholders, and the dividend will be paid on October 26. The shares closed at Rs 1,223 apiece on the NSE on Monday, up 0.52 per cent.
Sources: Economic Times: HCL Tech Q2 profit jumps 21% YoY to Rs 5,132 crore, NDTV Profit: HCLTech Q2 Results — Profit Rises 11%, Announces Second Interim Dividend
The headline numbers
The company put the year-on-year profit growth at about 21 per cent, rising to Rs 5,132 crore from Rs 4,235 crore a year ago, according to The Economic Times, beating the Bloomberg consensus estimate of Rs 4,875 crore. Another report put the year-ago base at Rs 4,135 crore, with the rise working out to 21.18 per cent.
Revenue from operations grew about 11.5 per cent year-on-year to Rs 35,620 crore, up from Rs 31,942 crore, according to ANI, while sequentially revenue rose 3 per cent. In constant currency terms, revenue grew 2.6 per cent year-on-year and 2.3 per cent quarter-on-quarter. Profit rose 11 per cent sequentially from Rs 4,624 crore in the June quarter.
Margins expand, deal wins strong
Earnings before interest and tax stood at Rs 6,465 crore, with the EBIT margin at 18.2 per cent, expanding 131 basis points sequentially and 71 basis points year-on-year. The company said the margin included an 84-basis-point impact from restructuring costs during the quarter. New deal wins stood at USD 3.26 billion in the quarter, with the company citing growth in services and rising traction in advanced AI-led work. Its advanced AI business touched USD 219 million in revenue, up 28.4 per cent quarter-on-quarter.
The company retained its FY27 guidance: an EBIT margin band of 17.5 to 18.5 per cent, and constant-currency revenue growth of 2.5 to 4 per cent for the overall business and 3 to 4 per cent for the services business. Headcount stood at 2.3 lakh employees, with 6,450 freshers hired during the quarter and attrition easing to 12.8 per cent.
Dividend details
The board declared an interim dividend of Rs 12 per equity share of face value Rs 2 for FY27. October 16, 2026 has been fixed as the record date to determine eligible shareholders, and the dividend will be paid on October 26. The shares closed at Rs 1,223 apiece on the NSE on Monday, up 0.52 per cent.
Sources: Economic Times: HCL Tech Q2 profit jumps 21% YoY to Rs 5,132 crore, NDTV Profit: HCLTech Q2 Results — Profit Rises 11%, Announces Second Interim Dividend
