HCL Technologies Anticipates Modest Q2 FY27 Revenue Rise Ahead of Oct 12 Release

HCL Technologies is slated to announce its Q2 FY27 earnings on Monday, Oct 12, with analysts expecting about 2.4% sequential revenue growth. The Noida‑based IT services firm is projected to post a 2.4% rise in constant‑currency revenue, while Motilal Oswal forecasts a 3% jump, attributing roughly 1% of the gain to the Jaspersoft and HPE Telco acquisitions. PL Capital adds that organic growth should be around 1.2% and that the company will see a 2.3% increase in USD terms. EBIT margin is likely to improve, with Nuvama citing a 70‑basis‑point rise and Motilal Oswal expecting a 120‑basis‑point expansion to about 18.1% for the quarter. Profit after tax is projected to grow 15.9% year‑on‑year and 6.2% quarter‑on‑quarter, though Motilal Oswal sees a steeper 21.3% YoY increase. The firm may tweak its FY27 services guidance to a 2.5%‑4.0% constant‑currency growth range and trim EBIT margin guidance to the lower half of 17.5%‑18.5%. Dividend payouts have been steady, with ₹54 per share in FY26, ₹60 in FY25 and ₹52 in FY24, delivering yields of 4.1%, 4.6% and 4.0% respectively. The stock closed 2.84% higher at ₹1,214.30 on the BSE, giving HCL a market capitalisation of roughly ₹329,520 crore, though it has slipped about 12% over the past two years.

Context

HCL Technologies is among India’s largest IT exporters, and its quarterly performance is closely watched after Tata Consultancy Services set a strong tone for the sector. Earnings trends here often signal broader demand for Indian IT services abroad.