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EconomyCompanies

HCLTech profit rises 21% to ₹5,132 crore, lifts low end of revenue guidance

The Noida-based IT services company raised the lower end of its growth forecast for the year and declared a ₹12 dividend, as revenue from advanced AI work rose 78%.

From the editorial desk · NoidaPublished
An HCLTech office campus
An HCLTech office campusItsbilluid / Wikimedia

Key points

  1. Net profit for July-September rose 21% to ₹5,132 crore, and revenue 11.5% to ₹35,620 crore.
  2. HCLTech now expects 2.5% to 4% revenue growth in constant currency this year, up from 1% to 4%.
  3. The board declared a ₹12 interim dividend, with 16 October as the record date.

HCLTech’s net profit rose 21% to ₹5,132 crore in July-September from ₹4,235 crore a year earlier, and the company raised the bottom of its revenue growth forecast for the year, results released on Monday showed.

Revenue from operations rose 11.5% to ₹35,620 crore. On the June quarter, profit was up 11% and revenue 3%. In constant currency, which strips out exchange-rate moves, revenue grew 2.3% sequentially and services revenue 3%.

Guidance goes up at the bottom

HCLTech now expects revenue for 2026-27 to grow 2.5% to 4% in constant currency, up from its earlier range of 1% to 4%. Services revenue is expected to grow 3% to 4%. The operating margin forecast is unchanged at 17.5% to 18.5%.

The operating (EBIT) margin for the quarter was 18.2%, up 131 basis points from the June quarter.

The board declared an interim dividend of ₹12 a share. The record date is 16 October and the dividend will be paid on 26 October.

AI work picks up

Revenue from what the company calls advanced AI rose to $219 million, up 28.4% on the quarter and 78% on the year in constant currency. New bookings grew 27% from a year earlier to about $3.3 billion, and bookings for the first half of the year were a record.

Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory.

C Vijayakumar, CEO and Managing Director, HCLTech, 12 October 2026

Roshni Nadar Malhotra, the company’s chairperson, said “the accelerating growth in Advanced AI revenue validates our business strategy.”

How it compares

HCLTech’s numbers follow TCS, which reported a 15% rise in profit and constant-currency revenue growth of 0.5% for the quarter last week. Wipro and Tech Mahindra are due to report on Thursday, 15 October.

HCLTech shares ended Monday’s session higher even as the Sensex fell 548 points. The company’s market value stood at about ₹3.31 lakh crore.