HCL Technologies Q1 Results Good Or Bad? Cons PAT Jumps 20% YoY To Rs 4,626 Crore; Full Earnings Report

The Shiv Nadar-backed IT giant, HCL Technologies, posted 20.4% growth in consolidated net profit to Rs 4,626 crore in the Q1 quarter for FY27, compared to PAT of Rs 3,844 crore in the same quarter last year. Also, consolidated revenue surged by 1.8% QoQ and 13.9% YoY to RS 34,579 crore in Q1FY27. Overall, HCL reported upbeat earnings across verticals like bottom-line, top-line and margins.

HCL Technologies Q1 Results: PAT, Revenue, Margins

On the top-line front, the revenue climbed to Rs 34,579 crore in Q1FY27, which is higher by 1.8% from revenue of Rs 33,981 crore in Q4FY26 and up by 13.9% from Rs 30,349 crore in Q1FY26.

In case of the bottom-line, the consolidated net profit stood at Rs 4,624 crore in April-June 2026 quarter, registering a growth of 3% compared to Rs 4,488 crore PAT in Q4FY26, but grew strongly by 20.3% from net profit of Rs 3,843 crore in Q1FY26.

"HCLTech delivered a steady Q1 FY27 performance, with revenue growth of 13.9% YoY, EBIT growth of 18.0% YoY and Net Income growth of 20.3% YoY. Excluding the impact of restructuring costs, EBIT margin and Net Income margin stood at 17.5% and 13.8%, respectively. Our cash generation continues to be robust, with OCF/NI at 111%, reflecting the strength and resilience of our business model," said Shiv Walia, Chief Financial Officer At HCL Tech.

EBIT margins expanded by 39 basis points sequentially and surged by 56 basis points year-on-year to 16.9% in the quarter under review.

Further, Walia added, "We remain focused on further improving capital efficiency and are pleased to report LTM ROIC of 40.7% for the company, up 257 bps YoY, and 47.8% for the Services business, up 260 bps YoY."

HCL Technologies Q1 Results: Constant Currency Performance

In constant currency, HCL's revenue growth stood at $0.5% QoQ and 2.6% YoY in Q1FY27, which is also better than expected. The revenue from advanced AI stood at $171 million, up by 62.1% YoY and 10.6% QoQ in constant currency.

In terms of the order book, HCL won new deals worth $2,047 million.

Talking about the TCV deals, CVijayakumar, CEO & Managing Director HCLTech said, "We recorded our highest ever Q1 net-new bookings of $2.4 billion and our Advanced AI business grew 10.6% QoQ and 62.1% YoY in constant currency terms. These demonstrate that enterprises are choosing us to lead their AI-led transformation. Combined with the operational efficiencies visible in margin expansion, this momentum gives us the confidence we're positioned to keep outpacing the market over the medium term."

On the adoption of AI and its outlook, Roshni NadarMalhotra, Chairperson at HCLTech said, "AI is accelerating the transformation of global enterprises and unlocking new growth vectors for HCLTech. With our differentiated portfolio, we continue to demonstrate our ability to help clients leverage technology to drive their business strategies. We also remain focused on upskilling our people in emerging technologies and are embedding AI across the organization."

HCL Tech Q1 Results: FY27 Guidance

For FY27, HCL retains its revenue growth guidance to 1-4%, while IT services growth guidance ranges from 1.5% to 4.5%. The EBIT margin is expected at 17.5% to 18.5%.