DBT Bureau
Pune, 13 July 2026
HCLTech reported a strong performance for the first quarter of FY27, with consolidated net profit rising 20.3% year-on-year to ₹4,624 crore, while revenue increased 13.9% to ₹34,579 crore, driven by robust deal bookings and continued demand for AI-led transformation services.
HCLTech Chairperson Roshni Nadar Malhotra 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.”
HCLTech posted an EBIT margin of 16.9%, up 56 basis points year-on-year, despite restructuring costs. The board also declared an interim dividend of ₹12 per share.
HCLTech CEO & Managing Director C Vijayakumar said, “We recorded our highest ever Q1 net-new bookings of $2.4Bn 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.”
HCLTech’s total employee count stood at 223,889 as of June 30, 2026, compared with 227,181 in the previous quarter, reflecting a net reduction of 3,292 employees. The company’s attrition rate remained stable at 12.7%, while women represented 29.6% of its global workforce. During the quarter, HCLTech added 1,056 freshers.
HCLTech Chief Financial Officer Shiv Walia said, “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. 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.”
Key Advanced AI Deals
- U.S.-based global pharmaceutical company selected HCLTech’s Physical AI solution VisionX to modernize quality inspection for its revenue-critical therapies, delivering faster inspection cycles and significant improvement in precision and audit-ready compliance.
- A global mining company selected HCLTech’s Physical AI solution for its industrial inspection automation program. HCLTech will deploy a single-robot solution to deliver virtual walkthroughs, safety health and environment monitoring and real-time integration of inspection alerts with operational systems.
- A Europe-based manufacturer selected HCLTech to engineer the navigation stack for its next-generation autonomous robot. HCLTech will apply its Physical AI and intelligent Product Engineering capabilities to deliver core navigation logic, motion planning and system integration for the product.
- A global technology major expanded its partnership with HCLTech for an AI Factory program with an incremental scope of over $180 million for AI data center buildout. HCLTech’s solutions will fast-track the deployment of a large-scale infrastructure environment that leverages the latest GPU technologies to train large language models and advance AI-driven products.
- A Europe-based medtech company selected HCLTech’s Physical AI solution TraceX to transform asset and inventory management across key markets, improving inventory accuracy, operational efficiency and creating a scalable foundation for future product and aftermarket services expansion.
- An Indian research organization selected HCLTech to support the development of a secure chip aligned to trusted computing requirements. HCLTech’s AI Engineering capabilities will translate chip specifications into implementable silicon, supporting the delivery of a secure hardware module that meets stringent national security standards.
- A global beverages major selected HCLTech’s AI Force to modernize and manage its identity and access management operations to boost security across the client’s global operations.
- A U.S.-based semiconductor major selected HCLTech’s AI Engineering solution to develop an advanced AI-enabled chip for next-generation vehicles, enabling smarter, safer and more connected vehicle experiences.
- A U.S.-based data and credentialing organization selected HCLTech’s AI Force to automate verification workflows and streamline data management processes, enhancing accuracy, reducing administrative burden and improving operational efficiency across the client’s provider data ecosystem.
- A U.S.-based global technology company selected HCLTech’s AI Force to accelerate AI-led application development across its B2B and B2C e-commerce platforms. HCLTech will drive AI-led efficiencies across the full software development lifecycle, from requirements and design through coding and testing, improving delivery speed, scalability and agility across the client’s digital commerce value streams.
- A Europe-based industrial technology company selected HCLTech’s AI Force for SAP platform and SAP Business AI capabilities to automate support, release and development workflows while maintaining a scalable and upgrade-safe architecture.
- A Europe-based telecommunications provider selected HCLTech’s AI Force, DevSecOps, AIOps and platform modernization capabilities to strengthen the application development and maintenance ecosystem, enhancing application quality and accelerating time-to-market.
During the quarter, HCLTech secured several large AI-led transformation contracts across healthcare, manufacturing, financial services, telecommunications and technology sectors, further strengthening its AI and cloud services pipeline.
