HCL Tech Share Price Jumps 8% After Q2 FY27 Results: Profit, AI Revenue and Guidance Explained
The HCL Tech share price rose 8.42% to close at ₹1,326 on the NSE on October 13, 2026, a day after HCL Technologies reported its September-quarter (Q2 FY27) results. Consolidated net income rose about 21% year-on-year to ₹5,132 crore, revenue grew 11.5% to ₹35,620 crore, and the company raised the lower end of its FY27 revenue growth guidance to 2.5–4% in constant currency, Forbes India reported.
For investors, the bigger signal was not just the profit number. It was the combination of faster AI-linked revenue, stronger deal bookings and a guidance upgrade at a time when Indian IT stocks have been under pressure. So what exactly changed, and what still needs watching?
Key Takeaways
- Q2 FY27 net income: ₹5,132 crore, up about 21% YoY.
- Revenue: ₹35,620 crore, up 11.5% YoY.
- Advanced AI revenue: $219 million, up 78% YoY and 28.4% QoQ.
- FY27 revenue guidance raised to 2.5–4% (constant currency) from 1–4%; EBIT margin guidance kept at 17.5–18.5%.
- Interim dividend: ₹12 per share.
- Share price: ₹1,223 → ₹1,326 on October 13 (NSE closing prices), still about 25% below its 52-week high.
What Did HCLTech Report for Q2 FY27?
HCL Technologies reported consolidated net income of ₹5,132 crore for the quarter ended September 30, 2026, on revenue of ₹35,620 crore. Earnings before interest and tax (EBIT) rose to ₹6,465 crore and new deal bookings grew 27% to about $3.26 billion, according to coverage of the results by Free Press Journal and Forbes India.
| Metric | Q2 FY27 | Change |
|---|---|---|
| Revenue from operations | ₹35,620 crore | +11.5% YoY |
| Net income (consolidated) | ₹5,132 crore | About +21% YoY |
| EBIT | ₹6,465 crore | EBIT margin about 18.2% (GoPocket calculation) |
| Advanced AI revenue | $219 million | +78% YoY, +28.4% QoQ |
| New deal bookings (TCV) | About $3.26 billion | +27% YoY |
| Interim dividend | ₹12 per share | — |
Sources: Forbes India and Free Press Journal, October 12–13, 2026. EBIT margin = ₹6,465 crore ÷ ₹35,620 crore.
As a cross-check, a 21.2% rise to ₹5,132 crore implies a year-ago figure of about ₹4,234 crore, which matches the ₹4,235 crore HCLTech reported for Q2 FY26, as Business Standard reported at the time.
Why Did the HCL Tech Share Price Rise 8%?
Three things stood out in the results, and the market appears to have rewarded all of them together.
- A guidance upgrade. HCLTech raised its FY27 constant-currency revenue growth range to 2.5–4% from 1–4%. That lifts the midpoint from 2.5% to 3.25%. In a sector where companies have been cautious, raising the floor of guidance is a meaningful statement of confidence.
- AI revenue that's growing fast. Advanced AI revenue of $219 million grew 78% from a year earlier. Annualised, that's about $876 million, Forbes India noted.
- Margins inside the guided band. GoPocket's calculation puts the Q2 EBIT margin at about 18.2%, comfortably within the retained 17.5–18.5% range.
The rally was also part of a broader IT bounce. On the same day, TCS shares closed 6.79% higher and Infosys 4.13% higher on the NSE, while the Sensex gained more than 1,100 points after the Finance Minister's comments on capital gains tax. Technology stocks led the gains, with HCL Technologies and TCS among the top Nifty gainers, IANS reported.
GoPocket Analysis: How Big Is AI in HCLTech's Business?
Headlines about 78% AI growth can make it sound as if AI is already driving the whole company. The numbers say otherwise. Forbes India put Q2 advanced AI revenue at roughly ₹2,094 crore. Against total revenue of ₹35,620 crore, that's about 5.9% of revenue.
That matters in two ways. First, AI is now large enough to move the needle at the margin, especially if it keeps compounding at this pace. Second, the other 94% of the business still depends on traditional IT services, engineering and software demand. Forbes India reported that software revenue fell 11.2% year-on-year in the quarter, a reminder that not every segment is growing.
Where Does the Share Price Stand After the Rally?
Even after the 8.42% jump, the stock is well off its highs. Based on NSE closing data:
| Data point | Value |
|---|---|
| Close on October 12, 2026 | ₹1,223.00 |
| Close on October 13, 2026 | ₹1,326.00 |
| 52-week high | ₹1,780.10 (February 3, 2026) |
| 52-week low | ₹1,030.00 (July 1, 2026) |
| Distance from 52-week high | About −25.5% |
Source: NSE bhavcopy data. Percentages calculated by GoPocket.
The ₹12 interim dividend is worth about 0.9% of the October 13 closing price for the quarter. Forbes India reported that the payout equals 88.6% of the quarter's net income, which shows how much of its profit HCLTech continues to return to shareholders.
Track the live price on the HCL Technologies stock page, and compare it with TCS, Infosys and Tech Mahindra. For TCS's quarter, read our TCS Q2 FY27 results analysis.
What Are the Risks to Watch?
- Currency effects. A weaker rupee boosts rupee-reported revenue. Some of the 11.5% rupee growth reflects currency, not just volume, so watch constant-currency numbers.
- Software segment weakness. A double-digit decline in software revenue could weigh on overall margins if it continues.
- Client spending. Discretionary IT budgets remain sensitive to US and European economic conditions.
- One good quarter isn't a trend. The guidance upgrade raises expectations; missing it later could hurt sentiment.
What Should Investors Monitor Next?
- Results from other IT companies this month, including Wipro, for a read on sector demand.
- Whether advanced AI revenue keeps growing sequentially in Q3 FY27.
- Deal bookings conversion into revenue over the next two quarters.
- The dividend record date and payment date announced by the company.
Sources
- Forbes India, HCL Tech profits beat estimates, FY27 growth guidance revised upwards, October 2026
- Free Press Journal, HCLTech Q2 FY27 Results: Net Profit Soars 21.2% To ₹5,132 Crore, October 12, 2026
- Business Standard, HCLTech Q2 result: Net profit flat at ₹4,235 cr, October 13, 2025
- IANS via SocialNews.XYZ, Sensex surges over 1,100 points as FM's remarks on LTCG, STT boost sentiment, October 13, 2026
- NSE bhavcopy closing prices, October 12–13, 2026
Disclaimer: This article is for information and educational purposes only and is not investment advice or a recommendation to buy, sell or hold any security. Past performance does not guarantee future returns. Consult a SEBI-registered investment adviser before investing.
