HCL Tech reports Q2 growth: what it means for HCL Tech stock

Published on 10/13/2026 at 09:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 11.5 percent to INR 356.2 billion. HCL Tech stock faces FY27 growth guidance of 2.5 to 4.0 percent.

Key points in brief

HCLTech reported Q2 FY27 revenue of INR 356.2 billion, up 11.5 percent year over year.
Net income reached INR 51.32 billion, up 21.2 percent year over year, while EBIT margin was 18.2 percent.
FY27 revenue growth guidance is 2.5 to 4.0 percent, with services growth guided at 3.0 to 4.0 percent.
HCL Tech traded at INR 1,314.20 on NSE on October 13, 2026, with market capitalization of INR 3.6 trillion.

HCL Tech, INE860A01027, Illustration mit AI erstellt.

HCL Tech (INE860A01027) reported Q2 FY27 revenue of INR 356.2 billion, up 11.5 percent year over year, in results dated October 12, 2026. The company also raised the lower end of its FY27 revenue growth guidance to 2.5 percent from 1.0 percent, according to HCLTech.

Q2 bookings set the tone

New deal wins reached USD 3.3 billion in the quarter ended September 30, 2026, up 27 percent year over year. HCLTech said first-half bookings reached a record level, while advanced artificial intelligence revenue grew 28.4 percent quarter over quarter in constant currency to USD 219.0 million.

Net income rose to INR 51.32 billion in Q2 FY27, up 21.2 percent year over year and 11.0 percent quarter over quarter. EBIT margin expanded to 18.2 percent, although the reported margin included restructuring costs of 84 basis points, according to HCLTech.

What the guidance means

HCLTech now expects overall FY27 revenue growth of 2.5 to 4.0 percent in constant currency and services growth of 3.0 to 4.0 percent. The EBIT margin outlook remains 17.5 to 18.5 percent, leaving the margin range unchanged even as the revenue floor rises.

The comparison with expectations is constructive but measured. Business Standard reported on October 13, 2026, that revenue of INR 356.2 billion exceeded the Bloomberg analyst estimate of INR 356.01 billion, while net income of INR 51.32 billion surpassed the INR 48.56 billion estimate. The software business remains the counterweight to stronger services execution, according to Business Today on October 13, 2026.

NSE quote and market value

HCL Tech traded at INR 1,314.20 on NSE on October 13, 2026 at 12:36 p.m. IST. Its market capitalization was INR 3.6 trillion on the same date, while the 52-week range stood at INR 1,030.00 to INR 1,780.10.