Business
HCLTech Q2 profit rises 21.2% to ₹5,132 crore
Business Standard··1h ago
HCLTech reported net profit of ₹5,132 crore for the quarter ended September 30, up 21.2 percent from ₹4,235 crore, Business Standard said. Revenue grew 11.5 percent to ₹35,620 crore, above Bloomberg estimates. New bookings reached $3.2 billion, including a $1.14 billion Mercedes-Benz deal. The board declared a ₹12 interim dividend per ₹2 face value share for FY27.
Prism
What It Means For You
- Shareholders receive ₹12 per share interim dividend for FY27 on eligible holdings.
- Clients in manufacturing, banking and cybersecurity signed AI contracts during the quarter.
- HCLTech announced a global partnership with Anthropic to build agentic AI solutions using Claude.
What's Happening
- Sequential revenue rose 3 percent and net profit grew 11 percent from the prior quarter.
- Advanced artificial intelligence segment revenue buoyed results, management said.
- The Noida-headquartered firm is India's third largest IT services provider by revenue.
HCLTech Bookings Record
- $3.2 billion new bookings marked the strongest first half of any financial year for the firm.
- Mercedes-Benz accounted for $1.14 billion of the quarterly contract value.
- Last year's comparable quarter had ₹4,236 crore profit on ₹31,942 crore revenue.
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