In short: HCLTech reports Q2 FY27 results on 12 October 2026 after market hours. In Q1 FY27, revenue rose 13.9% to ₹34,579 crore from a year earlier and net profit rose 20.3% to ₹4,624 crore. Things to watch: guidance, acquisitions and bookings.
What to watch in HCLTech's Q2 FY27 results
- Guidance. HCLTech's FY27 guidance is 1.0–4.0% revenue growth in constant currency and an EBIT margin of 17.5–18.5%. Management said in July that it would revisit the outlook after this quarter.
- Acquisitions. Jaspersoft, bought for $240 million, joined on 1 July and counts from this quarter; management expected about $10–15 million of revenue a quarter from it. Acquisitions sit outside the organic guidance.
- Bookings. New deal wins were $2,407 million in the June quarter. That excludes a large deal signed in early July whose revenue was expected to build slowly, with little effect in FY27.
- Engineering services. ER&D revenue fell 3.7% in the June quarter after two large US telecom clients cut discretionary spending, and management expected the effect to continue.
- Margins. The June-quarter EBIT margin of 16.9% included 62 bps of restructuring cost; the full-year margin band already allows for about 40–50 bps of restructuring.
HCLTech Q1 FY27 results at a glance
- Revenue from operations was ₹34,579 crore, up 13.9% from a year earlier and up 1.8% from the previous quarter.
- Net profit was ₹4,624 crore, up 20.3% from a year earlier and up 3.0% from the previous quarter.
- EBIT margin was 16.9%, up 39 bps from the previous quarter and up 56 bps from a year earlier.
- Revenue was $3,650 million. In constant currency, revenue grew 2.6% from a year earlier and fell 0.5% from the previous quarter.
- New deal wins (bookings): $2,407 million, against $1,936 million in the previous quarter.
- Headcount was 223,889, down 3,292 in the quarter. Attrition over the last twelve months was 12.7%.
- Interim dividend of ₹12 per share, with a record date of 17 July 2026.
- FY27 guidance, maintained in July: revenue growth of 1.0–4.0% and services revenue growth of 1.5–4.5%, both in constant currency, and an EBIT margin of 17.5–18.5%. The guidance is organic and excludes acquisitions.
| Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY | |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 34,579 | 33,981 | 30,349 | +1.8% | +13.9% |
| Net profit (₹ crore) | 4,624 | 4,488 | 3,843 | +3.0% | +20.3% |
| EBIT margin | 16.9% | 16.5% | 16.3% | +39 bps | +56 bps |
HCLTech revenue, margin and earnings trend
- Revenue went from ₹28,862 crore in Q2 FY25 to ₹34,579 crore in Q1 FY27, rising on the previous quarter in every one of the last 7 quarters.
- Year-on-year revenue growth over the last 4 quarters ranged from 10.7% to 13.9% in rupees.
- In constant currency, growth on the previous quarter ranged from −3.3% to 4.2% over the last 8 quarters.
- Earnings per share over the last four quarters were ₹64.37, against ₹62.64 in the four quarters before (+2.8%).
- EBIT margin ranged from 16.3% (Q1 FY26) to 19.5% (Q3 FY25); the latest 16.9% is 260 bps below the high.
| Quarter | Revenue (₹ crore) | YoY | CC growth QoQ | EBIT margin | EPS (₹) |
|---|---|---|---|---|---|
| Q1 FY27 | 34,579 | +13.9% | −0.5% | 16.9% | 17.09 |
| Q4 FY26 | 33,981 | +12.3% | −3.3% | 16.5% | 16.59 |
| Q3 FY26 | 33,872 | +13.3% | +4.2% | 18.6% | 15.06 |
| Q2 FY26 | 31,942 | +10.7% | +2.4% | 17.4% | 15.63 |
| Q1 FY26 | 30,349 | – | −0.8% | 16.3% | 14.18 |
| Q4 FY25 | 30,246 | – | −0.8% | 18.0% | 15.90 |
| Q3 FY25 | 29,890 | – | +3.8% | 19.5% | 16.94 |
| Q2 FY25 | 28,862 | – | +1.6% | 18.6% | 15.62 |
EBIT margins from Q2 FY26 include restructuring costs (55, 81, 122 and 62 bps). The Q3 FY26 margin excludes a one-time ₹956 crore Labour Codes charge, as HCLTech reports it; Q3 FY26 earnings per share include it (₹719 crore after tax). Source: HCLTech investor releases and results filings.
HCLTech Q2 FY27 results: questions
When will HCLTech announce Q2 FY27 results?
HCL Technologies reports results for the quarter ended 30 September 2026 on 12 October 2026, after market hours.
What time is the HCLTech earnings call?
The earnings call is at 7:30 pm IST on 12 October 2026.
What were HCLTech's results last quarter?
In Q1 FY27, revenue from operations was ₹34,579 crore (+13.9% YoY) and net profit was ₹4,624 crore (+20.3% YoY).
What is HCLTech's guidance?
FY27 guidance, maintained in July: revenue growth of 1.0–4.0% and services revenue growth of 1.5–4.5%, both in constant currency, and an EBIT margin of 17.5–18.5%. The guidance is organic and excludes acquisitions.
Other IT Q2 FY27 results
- TCS Q2 FY27 results · 8 October 2026 · net profit +15.0% YoY
- HCLTech Q2 FY27 results · 12 October 2026
- Wipro Q2 FY27 results · 15 October 2026
- Tech Mahindra Q2 FY27 results · 15 October 2026
- Infosys Q2 FY27 results · 23 October 2026
All IT Q2 FY27 results in one place
Sources
- HCLTech Q1 FY27 investor release
- HCLTech Q1 FY27 financial results (exchange filing)
- HCLTech Q1 FY27 earnings call transcript
- HCLTech: Q2 FY27 results and conference call notice, 5 October 2026
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