HCLTech Reports 11% Profit Increase in Q2 FY27
HCL Technologies announces an 11% rise in profit for Q2 FY27, alongside a second interim dividend of ₹12 per share.
HCLTech's net profit reached ₹5,132 crore, up from ₹4,624 crore in the previous quarter.
The company declared a second interim dividend of ₹12 per share, with the record date set for October 16.
Attrition rate improved slightly to 12.8%, indicating better employee retention.
HCL Technologies has reported a notable 11% increase in net profit for the second quarter of FY27, amounting to ₹5,132 crore, compared to ₹4,624 crore in the previous quarter. This growth surpasses analysts' expectations and reflects the company's robust performance in the competitive IT sector. The results were announced on October 12, 2026, amidst a series of earnings reports from various companies.
The results come as part of a broader financial landscape where several firms, including RBL Bank and Agritech (India), are also revealing their quarterly performances. HCLTech's revenue for the quarter rose to ₹35,620 crore, marking an 11% increase from ₹34,579 crore in the prior quarter. The company's earnings before interest and taxes (EBIT) also saw a significant rise of 10.9% to ₹6,465 crore, with an EBIT margin expansion to 18.1%.
In addition to its financial achievements, HCLTech declared a second interim dividend of ₹12 per share, with the record date for eligibility set for October 16, 2026. This dividend is expected to be paid out to eligible shareholders by October 26, 2026. The announcement reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position.
The company has also reported a slight decrease in its attrition rate, now at 12.8%, down from 12.7% in the previous quarter. This improvement suggests effective employee retention strategies, which are crucial in the current competitive job market. HCLTech's revenue guidance for the upcoming quarters is projected to be between 2.5% and 4%, indicating cautious optimism moving forward.
Looking ahead, HCL Technologies is set to continue its focus on innovation and partnerships, having recently announced a global partnership with AI firm Anthropic to enhance its offerings in agentic AI. As the company prepares for future quarters, stakeholders will be keenly observing how these initiatives impact its growth trajectory and overall market performance.
