HCLTech Q2 Net Profit Rises 11% to INR 5,132 Crore with Strong AI Growth
HCL Technologies reported an 11% sequential rise in net profit to INR 5,132 crore for the second quarter ended September 30, 2026, driven by strong deal wins and a 78% year-on-year jump in advanced AI revenue. The firm also declared an interim dividend of INR 12 per share and narrowed its full-year revenue growth guidance.
Major information technology services provider HCL Technologies has announced its financial results for the second quarter ended September 30, 2026, posting an 11% increase in consolidated net profit sequentially. The Noida-headquartered company reported a net profit of INR 5,132 crore, compared to INR 4,626 crore recorded in the preceding quarter.
The positive performance was supported by robust deal wins and accelerated demand for advanced artificial intelligence solutions across global enterprise clients. As reported by Moneycontrol, the IT firm's revenue from operations climbed 3% quarter-on-quarter to reach INR 35,620 crore, representing an 11.5% growth compared to the same period in the previous financial year. Intel Chief Says Chinese Frontier AI Adoption Has Been Very Fast.
Financial Growth and Operating Margins
During the July to September quarter, HCLTech's operating margins expanded by 131 basis points sequentially to reach 18.2%. The firm also narrowed its full-year revenue growth guidance to a range of 2.5% to 4%, raising the lower end of its previous forecast, while retaining its full-year operating margin guidance between 17.5% and 18.5%.
Net new deal wins remained robust at USD 3.24 billion, which included a notable USD 1.14 billion mega artificial intelligence contract secured from automotive manufacturer Mercedes-Benz. Chief Executive Officer and Managing Director C Vijayakumar noted that new bookings grew 27% year-on-year, driving total bookings for the first half of the fiscal year to a record high.
Advanced AI Revenue and Strategic Partnerships
Advanced artificial intelligence revenue experienced substantial expansion, surging 28.4% quarter-on-quarter and 78% year-on-year to reach USD 219 million. Capitalizing on this momentum, HCLTech announced a Global Premier Partnership with artificial intelligence firm Anthropic to accelerate agentic enterprise adoption with an emphasis on cybersecurity and governance. Volkswagen Layoffs: VW CEO Oliver Blume Urges EU Regulations to Protect Automakers.
Alongside the financial performance update, the company declared an interim dividend of INR 12 per equity share for shareholders. Company leadership emphasized that ongoing strategic investments across the artificial intelligence stack continue to strengthen the firm's market positioning as a trusted technology partner for global enterprises.
(The above story first appeared on LatestLY on Oct 12, 2026 05:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).