HCLTech posts 21% YoY jump in Q2 net profit
HCLTech reported a 21% year-over-year increase in net profit for Q2 2026, driven by strong growth in its Advanced AI division. The company also announced a new global partnership with Anthropic to expand enterprise agentic AI deployments.
Why it matters
The results highlight the growing financial impact of AI integration in the global IT services sector.
HCLTech on Monday reported a 21.2% YoY growth in consolidated net profit for the quarter ended September 2026, at ₹5,132 crore compared with ₹4,235 crore in the year-ago period.
The Noida-based company’s revenue from operations in the second quarter stood at ₹35,620 crore, up 11.5% compared with ₹31,942 crore in the same quarter last year. Advanced AI revenue stood at $219 million, up 78% YoY in constant currency (CC) in the second quarter.
Addressing a press conference, C. Vijayakumar, CEO & Managing Director, HCLTech, said, “We delivered a strong quarter with new bookings of $3.3 billion, up 27% YoY, taking first half bookings to a record high. EBIT margin expanded 131 bps QoQ to 18.2%. Our AI propositions were resonating well with our clients, giving us confidence in our growth trajectory.”
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