HCL posts 20% growth in Q1 net profit at ₹4,624 cr.
HCL Tech reported a 20.3% year-on-year increase in Q1 net profit to ₹4,624 crore, driven by record deal bookings of $2.4 billion. The company is aggressively pivoting toward AI services, bolstered by a strategic investment in Sarvam AI to capture the Indian enterprise AI market.
Why it matters
HCL's strong performance and focus on AI services reflect a broader trend of major IT firms shifting business models to capitalize on enterprise demand for artificial intelligence.
HCL Tech on Monday reported first quarter (FY27) net profit of ₹4,624 crore, a 20.3% year-on-year (YoY) increase over ₹3,843 crore in the corresponding period a year ago.
The article provides a standard financial report based on earnings calls and analyst commentary without editorializing.
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