HCL Technologies Share Price Surges Over 5%; Reports 11.5% Revenue Growth in Q2 FY27

HCL Technologies reported consolidated revenue  of ₹35,620 crore in the September  quarter of FY27, up 11.5% from the same period last year, as per filings dated October 12, 2026. 

Net income for the quarter was ₹5,132 crore, a rise of 21.2% year-on-year and 11% over the previous quarter. Diluted earnings per share came in at ₹70.22, compared with a 12.2% annual increase. Net income margin was 14.4%. 

Operating Margin and Dividend 

HCLTech reported an EBIT margin of 18.2%, against 17.49% in the June quarter. EBIT margin was affected by restructuring costs of 84 basis points. The impact on net income margin was 62 basis points. 

The company announced a dividend of ₹12 per share. Return on invested capital for the last twelve months stood at 41.2%. The free cash flow-to-net income ratio was 87%. 

Business Segment Performance 

IT and Business Services remained the largest contributor, accounting for 75.6% of revenue and recording 4.4% year-on-year growth in constant currency terms. Engineering and Research and Development Services accounted for 16.8% of revenue, with growth of 2.1%. 

HCLSoftware made up 7.9% of revenue. Its revenue declined 11.2% year-on-year in constant currency terms. Annual recurring revenue for the software business rose 7.8% to $1.134 billion. 

AI Revenue and Deal Bookings 

Advanced AI revenue reached $219 million, up 78% from a year earlier in constant currency terms. It also rose 28.4% from the June quarter.  

New deal bookings totalled $3.258 billion, an increase of 27% year-on-year. HCLTech said bookings for the first half of FY27 were at a record high. 

Read More: Polycab Share Price in Focus as NSE Announces Exclusion from Equity Derivatives Segment from December 30, 2026! 

HCL Technologies Share Price Performance 

As of October 12, 2026, 11:30 am, HCL Technologies share price was trading at ₹1,290.60, up 5.53% from the previous closing price. 

Conclusion  

For FY27, the company maintained its revenue growth forecast at 2.5% to 4% in constant currency terms. As per the filings, services revenue is expected to grow 3% to 4%. The EBIT margin guidance remains at 17.5% to 18.5%. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.