HCLTech Q2 net profit rises 21 per cent to Rs 5,132 crore

MUMBAI: HCLTech has delivered a strong second-quarter performance, with its bottom line moving up a gear as revenue from its technology services business continued to grow. The IT services major reported consolidated net profit of Rs 5,132 crore for the quarter ended 30 September 2026, up from Rs 4,236 crore in the corresponding quarter last year.

Revenue from operations rose to Rs 35,620 crore from Rs 31,942 crore a year earlier, while total income increased to Rs 36,640 crore from Rs 32,885 crore. The board approved the unaudited results on 12 October 2026.

The company also declared an interim dividend of Rs 12 per equity share of Rs 2 each for FY27. The record date is 16 October 2026, with payment scheduled for 26 October.

HCLTech’s IT and business services segment generated revenue of Rs 26,938 crore in the September quarter, compared with Rs 23,693 crore in the year-ago period. Engineering and research and development services contributed Rs 5,973 crore, up from Rs 5,423 crore, while HCL Software revenue stood at Rs 2,709 crore against Rs 2,826 crore.

Total segment revenue reached Rs 35,620 crore, compared with Rs 31,942 crore a year earlier. Segment results rose to Rs 6,465 crore from Rs 5,550 crore.

Total expenses increased to Rs 30,340 crore from Rs 26,366 crore. Profit before tax stood at Rs 6,667 crore, compared with Rs 5,702 crore in the September quarter of FY26. After tax expenses, consolidated profit for the period reached Rs 5,132 crore.

For the six months ended 30 September 2026, HCLTech reported revenue from operations of Rs 70,199 crore, up from Rs 62,291 crore in the corresponding period last year. Total income rose to Rs 72,954 crore from Rs 66,791 crore.

Consolidated profit for the half-year increased to Rs 9,758 crore from Rs 8,060 crore. Earnings per share for the September quarter stood at Rs 18.96, compared with Rs 15.63 a year earlier, while half-year earnings per share rose to Rs 36.05 from Rs 29.81.

The company’s results also reflect the impact of India’s new labour codes and a material business arrangement. HCLTech reported a one-time impact of Rs 472 crore relating to the new labour codes for the half-year, alongside an exceptional impact of Rs 871 crore associated with its material business arrangement, according to the results.

During the September quarter, the group consummated three acquisitions: the acquisition of the remaining 43 per cent stake in ASAP Holding GmbH, the acquisition of 100 per cent of shares in HCLTech Engineering and AI Solutions Private Limited, and the acquisition of 100 per cent of shares in Wobby BV. The company said the transactions were accounted for in its financial statements.

The results were subject to a limited review by B S R & Co. LLP.

With revenue and profit both higher year-on-year and an interim dividend announced, HCLTech enters the second half of FY27 with growth across its principal services businesses and several acquisitions added to its portfolio.