Stories
HCL Tech Shares Jump 4 Percent to Lead Nifty Following Strong Q2 Results and AI Growth
M
Moneycontrol•13-10-2026, 09:30
HCL Tech Shares Jump 4 Percent to Lead Nifty Following Strong Q2 Results and AI Growth
- •HCL Technologies shares surged 4 percent in early trade to become the top Nifty 50 gainer after reporting strong fiscal second quarter earnings.
- •Consolidated net profit for the September quarter rose 21.2 percent year-on-year to Rs 5,132 crore, while revenue increased 11.5 percent to Rs 35,620 crore.
- •Advanced AI revenue saw a massive surge of 78 percent year-on-year reaching $219 million, supported by net new deal wins totaling $3.24 billion.
- •The company raised the lower end of its FY27 revenue growth guidance to 2.5 percent from 1 percent while keeping the upper end at 4 percent.
- •Major brokerages offered mixed views, with Nomura maintaining a Buy rating while HSBC and CLSA retained Hold ratings on the stock.
Key Questions Answered
HCL Technologies reported a consolidated net profit of Rs 5,132 crore for the September quarter, marking a 21.2 percent increase year-on-year. Revenue rose 11.5 percent to Rs 35,620 crore, while operating margins expanded by 131 basis points sequentially to reach 18.2 percent.
The company's advanced AI revenue surged 78 percent year-on-year to $219 million. Net new deal wins stood at $3.24 billion, which included a notable $1.14 billion mega AI deal from Mercedes-Benz.
HCLTech raised the lower end of its FY27 revenue growth guidance to 2.5 percent from 1 percent, while keeping the upper end at 4 percent. Its operating margin guidance for the fiscal year remained unchanged at 17.5 to 18.5 percent.
