HCLTECH
Hcl Technologies Limited (hcltech) Q2 FY27: Revenue ₹35,620cr ↑3.0% Qoq ↑11.5% Yoy
HCL Technologies Limited (HCLTECH) announces Q2 FY27 results with revenue ₹35,620Cr, up 3.0% QoQ and 11.5% YoY, driven by advanced AI growth.
HCL Technologies Limited (NSE: HCLTECH) announced its Q2 FY27 results, showcasing a robust performance with revenue of ₹35,620 crores, marking a 3.0% increase QoQ and 11.5% YoY growth. The company’s superior revenue growth and improved profitability led to its highest-ever quarterly Net Income of INR 5,132 crores, up 11.0% QoQ and 21.2% YoY.
Advanced AI Revenue Surge
The accelerating growth in Advanced AI revenue, up 28.4% QoQ and 78.0% YoY in constant currency, validates HCLTech’s business strategy. The company’s AI propositions are resonating well with clients, giving confidence in its growth trajectory.
Financial Highlights
HCLTech’s EBIT margin expanded 131 bps QoQ to 18.2%, while the Services segment grew 3.0% QoQ with growth across verticals and geographies. The company’s focus on improving capital efficiency resulted in LTM ROIC of 41.2% for the company, up 261 bps YoY; and 49.4% for the Services business, up 411 bps YoY respectively.
As we look ahead, HCLTech remains well-positioned to drive growth and deliver value to our shareholders, with a strong pipeline of opportunities and a commitment to innovation and excellence.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HCL Technologies Limited
HCL Technologies Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
HCL drops 19.6% over three months and trades near its 52-week lows. The PEG stands at 4.64 — severely stretched. Any earnings miss could trigger a sharp de-rating. D/E stands at 0.09 with a 7.86% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. The stock gains 5.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 8.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of HCL Technologies Limited.
HCLTECH
Hcl Technologies Limited (hcltech) to Acquire Robotiq.ai, Boosting Enterprise RPA Capabilities
HCL Technologies Limited (HCLTECH) announces acquisition of Robotiq.ai, enhancing enterprise RPA capabilities with a €9m deal.
HCL Technologies Limited (HCLTECH) announced its intent to acquire Robotiq.ai, a leading provider of enterprise Robotic Process Automation (RPA) platform, based in Zagreb, Croatia. This acquisition aims to add enterprise RPA capabilities to HCL UnO Agentic, strengthening end-to-end orchestration across AI agents and enterprise applications.
Strategic Move for Enhanced Automation
HCLSoftware, the software business division of HCLTech, is witnessing growing enterprise demand for AI systems that not only reason but execute work reliably across complex business environments. Robotiq.ai’s RPA platform is used in large banks, insurance groups, and telecom providers and is built with ISO-certified security, audit logs, and flexible deployment options, making the platform reliable and secure.
Expanding Enterprise Reach
The acquisition is expected to close in November 2026 and will provide Robotiq.ai’s technology with the enterprise reach, scale, and platform of HCLSoftware. This move will help customers confidently deploy and scale agentic AI across their operations, as stated by Kalyan Kumar, President, HCLSoftware.
As a result, HCL Technologies Limited is set to bolster its AI-driven vision of the Digital+ future by integrating Robotiq.ai’s capabilities into its existing offerings, thus driving innovation in enterprise automation.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HCL Technologies Limited
HCL Technologies Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
HCL drops 19.6% over three months and trades near its 52-week lows. The PEG stands at 4.64 — severely stretched. Any earnings miss could trigger a sharp de-rating. D/E stands at 0.09 with a 7.86% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. The stock gains 5.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 8.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of HCL Technologies Limited.
HCLTECH
Hcl Technologies Limited Expands Partnership with Guardian Life for Ai-driven Modernization
HCL Technologies Limited (HCLTECH) expands partnership with Guardian Life for AI-driven modernization, acquiring Guardian India for US $10.5M.
HCL Technologies Limited (HCLTECH) announced a new seven-year agreement with Guardian Life Insurance Company of America, expanding their collaboration to advance Guardian’s AI-powered modernization across technology and operations to support long-term business growth. Through this partnership, HCLTech aims to accelerate value realization and efficiency for Guardian through differentiated experiences and reduced friction, while creating AI-led solutions and IP for the insurance industry.
Strategic Expansion
The partnership will see HCLTech acquiring Guardian India, a high-impact global capability center with nearly 2,000 employees. This acquisition will integrate specialized talent supporting technology, operations, and shared services, playing a vital role in advancing Guardian’s transformation. Karunakaran Azhisur, Country Head of Guardian India, will join HCLTech to lead this Strategic Business Unit.
Driving Operational Excellence
HCLTech will expand the use of its AI Service Transformation Platform, AI Force, to create and deploy agentic capabilities for the business, further advancing AI adoption and innovation. These capabilities will align with Guardian’s product operating model and help create a more resilient delivery foundation that can scale with the business.
This expanded partnership is another testament to HCLTech’s leadership in the insurance industry and reflects the strength of the relationship with Guardian to drive their AI-enabled journey, as well as a shared focus on scaling AI and modernizing operations.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HCL Technologies Limited
HCL Technologies Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
HCL drops 19.6% over three months and trades near its 52-week lows. The PEG stands at 4.64 — severely stretched. Any earnings miss could trigger a sharp de-rating. D/E stands at 0.09 with a 7.86% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. The stock gains 5.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 8.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of HCL Technologies Limited.
HCLTECH
HCL Technologies Limited (HCLTECH) gains 5% intraday on heavy volume
HCL Technologies Limited (HCLTECH) stock moves up 5% intraday to ₹1224.3, showing a strong upward trend despite a breakdown status.
HCL Technologies Limited (HCLTECH) breaks out with a +5% gain, clearing its 6M resistance trendline. The stock’s move is driven by technical factors, specifically the breakout above the ₹1180 resistance level. HCLTECH operates in the technology sector, providing information technology services. Today’s move appears to be company-specific rather than a sector-wide trend, highlighting HCLTECH’s unique position within the IT services landscape.
Technical setup — trendlines & DMA
The current trendline structure shows a 6M support floor at ₹1009.61, which is 17.54% below today’s price, indicating a solid support base. Resistance was previously at ₹1179.58, which the stock has now broken, signaling potential for further upside. The 50-DMA at ₹1149.8 is slightly below today’s price, while the 200-DMA at ₹1428.9 remains above, suggesting a bearish trend in the longer term but a possible short-term recovery. The stock is currently in the lower third of its 52W range, implying there may be room for further gains if momentum continues.
Snapshot: ₹1,224.30 on 2026-07-13 (chart frozen at publication)
Fundamentals & business context
With a PE of 19.0, HCLTECH’s valuation seems stretched given its 12.8% profit margin and 8.7% revenue CAGR. This suggests the market may be pricing in future growth or a turnaround, despite current earnings. The 28.5% institutional ownership indicates that smart money has a moderate level of confidence in the company, though not overwhelmingly so. There was no NSE catalyst today, so the move is purely technical.
Algorithmic scorecard
The overall scorecard reflects a balanced but cautious view of HCLTECH, with strengths and weaknesses on both the fundamental and technical fronts. One of the strongest signals is the excellent dividend yield of 8.38%, offering high income potential, and the very low debt level with a D/E ratio of 0.09, indicating strong financial health. On the weaker side, the stock’s overvalued PEG ratio of 4.87 suggests it may be expensive relative to its growth rate, and the bearish trend indicated by the 50-DMA being below the 200-DMA raises concerns about longer-term momentum.
Company outlook
Management provided forward guidance for FY’27, targeting revenue growth of 1% to 4% in constant currency and 1.5% to 4.5% for Services. The EBIT margin is expected to be between 17.5% and 18.5%. The outlook hinges on maintaining planned revenue from two key clients and the trajectory of discretionary spend. At the higher end of guidance, a moderate increase in discretionary spend and the materialization of a couple of large deals in the first half are anticipated. The guidance does not include the acquisitions of Telecom Solutions Group from HPE and Jaspersoft due to delayed US government approval. The company is on track with its mega deal ramp-up to offset headwinds and expects deal TCV to remain around $2 billion due to AI impacts. Strategic plans include launching new AI Force SKUs for SAP and MedTech, and unveiling AI Force 2.0 and 2.1 releases. The software segment is pivoting towards more subscription and steady revenue streams, moving away from perpetual license sales.
Get all details on HCLTECH — P&L, peers, shareholding and more on TradeAlone.
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