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HCL Technologies share price & results

HCL Technologies Limited· Information Technology

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Jun 2026

Global IT services, engineering R&D and software-products company with 227,000+ employees.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue35,620 ₹ crore+11.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin21.0 %+1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit5,132 ₹ crore+21.2% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity25.01 %−1.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin14.27 %−3.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)12.76 %+4.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

7 of 10 judged targets kept · 7 open · verdicts reflect calls analysed to Q2 FY27.

HCL Technologies Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (7 achieved, 3 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
FY25 Revenue Growth (CC)4.5% to 5%
Call transcript, Q3 FY25 · 13 Jan 2025		Q3 FY25Q2 FY27:FY25 promise, already achieved.
Call transcript, Q2 FY27 · 12 Oct 2026		Achieved
FY26 Company Revenue Growth (CC)2% to 5%
Call transcript, Q4 FY25 · 22 Apr 2025		Q4 FY25Q2 FY27:FY26 promise, already missed.
Call transcript, Q2 FY27 · 12 Oct 2026		Missed
Normalized EBIT Margin19%-20%
Call transcript, Q1 FY26 · 14 Jul 2025		Q1 FY26Q2 FY27:Q2 EBIT margin was 18.2%, still below the 19%-20% structural target. Management stated they are prioritizing investment over margin optimization in the current phase.
Call transcript, Q2 FY27 · 12 Oct 2026		At Risk

Source: Inve Guidance Tracker for HCL Technologies Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of HCL Technologies Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹1,420 +0.21% · +₹3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −6.8% 1Y

₹1.0k₹1.2k₹1.4k₹1.6kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 12 Jan 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 13 Jul 2026Q2 FY27 — 12 Oct 2026

1Y: ₹1,523.8 on 24 Oct 2025 → ₹1,420. High ₹1,729.6 (28 Jan 2026), low ₹1,034.2 (1 Jul 2026).

Previous close
₹1,417
Market cap
₹3.7L Cr
52-week range
₹1,034.2 – ₹1,729.6
One year
−7.40%
Price to earnings (TTM to Sept 2026)
19.37×
Return on equity (TTM to Sept 2026)
25.01%

Overview

Symbol
NSE:HCLTECH
Exchange
NSE
Currency
INR

What HCL Technologies Limited does

Based on the company's own presentations, annual report and earnings calls.

HCL Technologies is a global technology company that delivers IT and business services, engineering and R&D services, and its own proprietary software products to enterprise clients worldwide. It earns revenue mainly through multi-year outsourced services contracts, complemented by licensing and subscription income from its HCLSoftware portfolio. The company organises delivery across seven industry verticals and serves close to a thousand clients each billing over $1 million a year, with an AI-led delivery model now embedded across most of its new deals.

Segments

  • IT and Business Services
  • Engineering and R&D Services (ERS)
  • HCLSoftware
Total workforce
227,181 (as of Mar 2026)
Clients billing over $1M/year (LTM)
976
Clients billing over $100M/year (LTM)
23
Industry verticals served
7
Employees trained in GenAI
135,000
Accounts running the AI Force platform
75
Founded 1991Headquarters Noida, Uttar Pradesh, IndiaEmployees 2,27,181 (2026-03-31) Company website

How the price took the results

close before → close after

Q2 FY27
+0.5%
12 Oct
Q1 FY27
+4.9%
13 Jul
Q4 FY26
−5.8%
24 Apr
Q3 FY26
+0.4%
12 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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