HCL Tech sets October 12 results date: JM Financial rates HCL Tech stock Reduce

Published on 10/02/2026 at 05:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 net income reached INR 46.24 billion, up 20.30 percent year on year. JM Financial sets INR 1,135 target for HCL Tech stock.

HCL Tech, INE860A01027, Illustration mit AI erstellt.

HCL Tech (ISIN INE860A01027) will review its September-quarter results on October 12, 2026, while JM Financial rates HCL Tech stock Reduce, according to The Economic Times on September 29, 2026. The brokerage set a target of INR 1,135, adding a valuation counterweight before the next financial update.

October 12 results set the next test

The National Stock Exchange lists October 12, 2026 as the date for HCL Technologies to consider results for the quarter and half-year ended September 30, 2026. The agenda also includes a proposal for a third interim dividend, according to Goodreturns on September 20, 2026.

The upcoming release will be measured against HCLTech's first-quarter performance. The company reported INR 345.79 billion of revenue in Q1 FY27, up 13.90 percent year on year, while net income reached INR 46.24 billion, up 20.30 percent year on year, according to HCLTech's investor-relations page.

Growth comes with a measured outlook

HCLTech retained FY27 constant-currency revenue growth guidance of 1.00 percent to 4.00 percent and an EBIT margin range of 17.50 percent to 18.50 percent. That range puts execution and demand conversion at the center of the October update, rather than headline growth alone.

Q1 new-deal bookings reached USD 2.41 billion, while Advanced AI revenue was USD 171.00 million, up 62.10 percent year on year. The investor-relations figures show why the results release will be judged on both AI monetization and margin delivery.

Stock valuation meets analyst caution

JM Financial's INR 1,135 target sits below the NSE close of INR 1,243.10 on October 1, 2026, a difference of 8.69 percent based on the analyst target and the exchange close. The same brokerage expects a marginal sequential improvement in margins for the September quarter, according to The Economic Times.

On the NSE, HCL Tech closed at INR 1,243.10 on October 1, 2026, after a plus 1.07 percent session move. Its market capitalization was INR 3.4 trillion, and the 52-week range was INR 1,030.00 to INR 1,780.10.