IT services major HCL Technologies on October 12 reported 11 percent in consolidated net profit at Rs 5,132 crore for the quarter ended September 30, 2026. It reported net profit of Rs 4,626 crore in the quarter-ago period.


On a year-on-year (YoY) basis, net profit rose 21.2 percent.

The IT company's revenue from operations rose 3% to Rs 35,620 crore in Q2FY27 from Rs 34,579 crore in Q1FY27. On a YoY basis, revenue was up by 11.5 percent.

Operating margins were at 18.2 percent in Q2, expanding by 131 bps QoQ and 71 bps YoY.

The Noida-headquartered company reported advanced AI revenue of $219 million, up 28.4 percent QoQ and 78 percent YoY.

Consequently, HCLTech narrowed its full year revenue growth guidance to 2.5 - 4 percent, from 1-4 percent previously, increasing the lower end of the estimate. Full year FY27 guided operating margin was retained at 17.5 - 18.5 percent.

The company's net new deal wins for Q2 remained strong at $3.24 billion, including a $1.14 billion mega AI deal from Mercedes-Benz.