13 - 07 - 2026

HCLTech Q1 net profit rises 20.3%, bookings hit record $2.4 bn

HCL Technologies Ltd (HCLTech) posted a 20.3 per cent year-on-year rise in consolidated net profit at ₹4,624 crore for the first quarter of fiscal year 2027, led by financial services, manufacturing and technology and services.

The company had posted a net profit of ₹3,843 crore in the comparable year-ago quarter, it said in a regulatory filing.

The IT major’s revenue for the quarter ended June 30, 2026, rose 13.9 per cent to ₹34,579 crore ($3,650 million) compared with ₹30,349 crore recorded during same quarter of last year.

The Noida-headquartered technology firm’s net profit and revenue were ahead of Bloomberg estimates ₹4,530 crore and ₹34,327 crore, respectively.

“We recorded our highest ever Q1 net-new bookings of $2.4 billion and our Advanced AI business grew 10.6 per cent QoQ and 62.1 per cent YoY in constant currency terms. These demonstrate that enterprises are choosing us to lead their AI-led transformation. Combined with the operational efficiencies visible in margin expansion, this momentum gives us the confidence we’re positioned to keep outpacing the market over the medium term,” C Vijayakumar Chief Executive Officer and Managing Director at HCLTech said.

HCLTech’s earnings before interest and tax (EBIT) margin stood at 16.9 per cent, a 56-basis points year-on-year and 39 basis points quarter-on-quarter increase. Its diluted earnings per share (EPS) were up 6.9 per cent at ₹66.90 rupees.

The board approved a dividend of at ₹12 per share.

The company’s Q1 EBIT and net income margin included the impact of restructuring cost of 62 basis points and 47 basis points, respectively, it said. Its advanced AI revenue was up 62.1 per cent year-on-year at $171 million in constant currency terms.

“AI is accelerating the transformation of global enterprises and unlocking new growth vectors for HCLTech. With our differentiated portfolio, we continue to demonstrate our ability to help clients leverage technology to drive their business strategies. We also remain focused on upskilling our people in emerging technologies and are embedding AI across the organisation,” HCLTech chairperson Roshni Nadar Malhotra said.

The company’s total headcount fell down by 3,292 to 223,889 as of June 30. The firm’s attrition was at 12.7 per cent (LTM) and fresher hiring fell to 1,056 from 1,984 in the same comparable period a year earlier, it said. 

“HCLTech delivered a steady Q1 FY27 performance, with revenue growth of 13.9 per cent YoY, EBIT growth of 18 per cent YoY and Net Income growth of 20.3 per cent YoY. Excluding the impact of restructuring costs, EBIT margin and Net Income margin stood at 17.5 per cent and 13.8 per cent, respectively,” Shiv Walia Chief Financial Officer at HCLTech said.

For FY27, the firm has guided for a revenue growth of 1-4 per cent year-on-year in constant currency, services revenue growth of 1.5-4.5 per cent, and EBIT margin of 17.5-18.5 per cent.