Summary:
HCLTech shares rallied over 4% on October 13 after Q2 FY27 net profit rose 21.2% year-on-year to ₹5,132 crore. Advanced AI revenue increased 78%, deal bookings remained strong, and the company raised its FY27 revenue growth guidance.
Shares of HCL Technologies were up over 4% on Tuesday, October 13, 2026, after posting strong Q2FY27 financial results. The IT major saw double digit growth in revenue and net profit, better operating margins and higher deal bookings which resulted in buying interest in the stock.
HCL Tech Shares Jump Nearly 5%
Shares of HCLTech jumped almost 4.9% in the morning session on Tuesday, following the company's announcement of its September quarter results on October 12. The stock was trading at ₹1,276.20, up around 4.4% from its previous close of ₹1,223, at around 9:44 am.
The stock was among the top gainers on the Nifty 50 in early trade. Stronger quarterly earnings, growth in artificial intelligence (AI) revenues and large deal wins underpinned buying interest.
It was also viewed as a positive move across the IT industry. The Nifty IT index was up around 3% in morning deals, while the broader Nifty 50 was up about 0.8%. HCLTech shares were under pressure on a calendar year basis, in line with the weakness seen in the Indian IT stocks in 2026, despite a recovery on Tuesday.
Net Profit Surges 21.2% YoY in Q2FY27
HCLTech posted consolidated net profit of ₹5,132 crore for the quarter ended September 30, 2026 as against ₹4,235 crore during the year-ago period. This is a 21.2% YoY increase.
Revenue from operations grew 11.5% YoY to ₹35,620 crore. Revenue increased 3% sequentially and net profit increased 11% QoQ.
Operating performance improved during the quarter as well. EBIT margin of the company expanded to 18.2% up 131 bps QoQ and 71 bps YoY. The widening of the margin means a greater share of revenue was turned into operating profit.
HCLTech recorded a 2.6% year-on-year and 2.3% quarter-on-quarter growth in constant currency terms, suggesting business growth excluding the impact of currency fluctuations.
AI Revenue Rises 78% as Deal Bookings Reach $3.26 bn
Artificial intelligence continued to be a major driver of HCLTech’s performance for the quarter. The company’s advanced AI revenue was $219 mn in Q2FY27, up 78% YoY and 28.4% QoQ in constant currency terms.
New deal bookings were $3.26 bn or so during the quarter. These included large enterprise contracts like an AI-related deal of $1.14 bn with Mercedes-Benz.
HCLTech also announced a global alliance with Anthropic to accelerate AI solution adoption among enterprise customers including agentic AI use cases.
This is taking place at a time when there is increasing business focus on automation, cloud modernization and technology driven operational improvement and the contribution from AI related services is increasing.
But the company’s software business did relatively poorly, indicating that demand conditions remain uneven across the firm’s business segments.
HCLTech Ups FY27 Revenue Growth Guidance
HCLTech raised the lower end of the full-year revenue growth guidance after the Q2FY27 result. The company now sees FY27 revenue growth of 2.5–4% at constant currency, up from its prior guidance of 1–4%.
Services revenue is expected to grow in the range of 3-4% and the company maintained its EBIT margin guidance in the range of 17.5-18.5%.
Besides the financials, HCLTech declared an interim dividend of ₹12 per share. The record date for determining the eligible shareholders has been fixed as October 16, 2026.
The results from the recent quarter demonstrate improvements in revenue growth, profitability and large deal bookings. Stronger AI revenue has also given a boost to the company’s business momentum.
Conversion of large contracts into revenue, stability in operating margins and technology spend by global enterprises will continue to be key factors impacting HCLTech’s financial performance going forward.
