HCL Technologies Declares ₹12 Interim Dividend, Reports 10.94% QoQ Profit Rise
HCL Technologies announced an interim dividend of ₹12 per equity share, based on a face value of ₹2, for the financial year 2026‑27. The board of directors approved the dividend in its meeting on Monday, 12 October. The record date for the dividend is 16 October, and the payment will be made on 26 October 2026. Shareholders registered on or before the record date will receive the dividend in cash.
The company reported a 10.94% quarter‑on‑quarter rise in consolidated net profit attributable to owners, reaching ₹5,132 crore in Q2 FY27, up from ₹4,626 crore in Q1 FY27. Year‑on‑year, profit increased 21.18% to ₹5,132 crore from ₹4,235 crore in Q2 FY26. Consolidated revenue from operations grew 3.01% QoQ to ₹35,620 crore, compared with ₹34,579 crore in the previous quarter, and rose 11.5% YoY from ₹31,942 crore in the same period of the preceding fiscal year.
New deal wins for the quarter amounted to $3,258 million. Advanced AI revenue grew 78% YoY and 28.4% QoQ in constant currency, reaching $219 million in Q2 FY27. CEO and Managing Director C. Vijayakumar said the EBIT margin expanded 131 basis points QoQ to 18.2%, while services grew 3.0% QoQ and overall revenue grew 2.3% QoQ. He added that AI propositions were resonating well with clients, giving confidence in the company’s growth trajectory.
The attrition rate for the last twelve months stood at 12.8%, slightly higher than 12.6% in the previous September quarter and 12.7% in Q1 FY27. HCLTech has revised its lower revenue and services guidance for FY27, expecting revenue growth of 2.5% to 4% YoY in constant currency. Services are projected to grow 3% to 4% YoY in constant currency, and EBIT margin is forecast between 17.5% and 18.5% for the year.
Shares of HCLTech settled at ₹1,223 on the National Stock Exchange, rising 0.52% after the earnings announcement. The company’s FY27 guidance includes a 17.5% to 18.5% EBIT margin range and a 3% to 4% services growth range in constant currency. The revised guidance reflects the firm’s confidence in maintaining modest revenue growth while strengthening profitability. Investors should note the record and payment dates for the interim dividend and the updated financial outlook.