HCL Technologies Q1 FY27 Revenue at ₹34,579 Cr, Up 13.9% YoY
HCL Technologies reported Q1 FY27 revenue of ₹34,579 crore, up 13.9% YoY. Net income rose 20.3% YoY to ₹4,624 crore, with EPS at ₹66.90. Bookings reached $2,407 million. Advanced AI business grew significantly. The company forecasts FY27 revenue growth of 1.0%-4.0% in constant currency.
The results show strong financial performance with significant growth across key metrics like revenue, net income, and bookings, particularly in the high-growth AI segment. The positive outlook and guidance indicate a material impact on investor expectations and the company's future trajectory.
The company reported strong year-over-year growth in revenue and net income, alongside significant expansion in its Advanced AI business and robust bookings. Margin improvements and positive future guidance contribute to a positive sentiment.
HCL Technologies Limited announced its financial results for the first quarter of Fiscal Year 2027, ending June 30, 2026. The company reported consolidated revenue of ₹34,579 crore, representing a year-over-year increase of 13.9%. Net income for the quarter stood at ₹4,624 crore, up 20.3% year-over-year.
The company's earnings per diluted share (EPS) for the quarter was ₹66.90. HCL Technologies also declared a dividend of ₹12 per share.
Revenue in constant currency terms grew by 2.6% year-over-year. The Advanced AI business demonstrated significant growth, increasing by 10.6% quarter-over-quarter and 62.1% year-over-year in constant currency. New deal wins, or bookings, for the quarter amounted to $2,407 million, with the company highlighting strong performance in its Advanced AI business.
Operating margins showed improvement, with EBIT margin increasing by 39 basis points quarter-over-quarter and 56 basis points year-over-year. Excluding the impact of restructuring costs, the EBIT margin was 17.5% and Net Income margin was 13.8%. Free Cash Flow to Net Income (FCF/NI) on a last twelve months (LTM) basis was 99%, and Return on Invested Capital (ROIC) was 40.7%.
The company provided its guidance for FY27, expecting a year-over-year revenue growth of 1.0% to 4.0% in constant currency, and services revenue growth of 1.5% to 4.5%. The EBIT margin is projected to be between 17.5% and 18.5%.
Leadership expressed confidence in the company's positioning to outpace the market, citing strong net-new bookings and AI-led transformation wins. The focus remains on leveraging AI for client business strategies and upskilling employees in emerging technologies.
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