Home / Business and Economy / HCLTech's AI Surge: Profits Soar 11% in Q2 FY27
HCLTech's AI Surge: Profits Soar 11% in Q2 FY27
12 Oct
Summary
- Net profit reached ₹5,132 crore, an 11% increase quarter-over-quarter.
- Revenue grew 3% sequentially to ₹35,620 crore.
- Advanced AI revenue surged 78% year-over-year.
HCLTech announced a robust Q2 FY27 performance, with its net profit rising 11% sequentially to ₹5,132 crore, exceeding analyst expectations. The company’s revenue saw a 3% sequential increase, reaching ₹35,620 crore. This growth was notably bolstered by a substantial 78% year-over-year surge in advanced AI revenue, highlighting the success of its AI strategy.
New bookings reached $3.3 billion, marking a 27% year-over-year increase and contributing to a record first half for bookings. The company has also revised its FY27 revenue growth guidance upwards to 2.5-4% in constant currency terms, signaling increased confidence in its future performance.
EBIT margin expanded by 131 basis points to 18.2%, despite including restructuring costs. HCLTech's workforce grew to 230,339 employees as of September 30, 2026, with a last-twelve-month attrition rate of 12.8%. The board recommended an interim dividend of ₹12 per share.
