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HCL Technologies LimitedHCLTECHCorporate

Technology Information Technology Services Latest results: Sep 2026 16 quarters of data
Consolidated Standalone
₹1,380.00
MCap ₹373,396 Cr · P/E 20.4
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹35,620 Cr
Sales · Sep 2026
+11.5% YoY
₹7,477 Cr
Operating Profit · Sep 2026
+14.2% YoY
21.0%
OPM % · Sep 2026
+2.4% YoY
₹5,132 Cr
Net Profit · Sep 2026
+21.2% YoY
₹18.96
EPS · Sep 2026
+21.3% YoY

📝 HCL Technologies Limited — results explained

Quarter ended September 2026 (Q2 FY27)

HCL Technologies Limited reported revenue of ₹35,620 crore for the quarter ended September 2026 (Q2 FY27), up 11.5% from ₹31,942 crore in the same quarter last year, and up 3.0% sequentially over the June 2026 quarter.

Net profit rose 21.2% year-on-year to ₹5,132 crore, from ₹4,236 crore. Earnings per share (EPS) came in at ₹18.96.

Operating profit stood at ₹7,477 crore — an operating margin (OPM) of 21.0%, compared with 20.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, HCL Technologies Limited posted revenue of ₹130,144 crore, a growth of 11.2% over FY25, with a net profit of ₹16,652 crore (down 4.3% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹138,052 crore with a net profit of ₹18,330 crore.

Valuation snapshot

At the current price of ₹1,380.00, HCLTECH has a market capitalisation of ₹373,396 crore and a trailing P/E of about 20.4.

Within the Information Technology Services industry, it is the 3rd-largest of the 19 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 60.88%, foreign institutional investors (FIIs) 14.90%, domestic institutional investors (DIIs) 18.78%, public shareholders 5.15% of HCL Technologies Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹373,396 Cr
Current Price ?
₹1,380.0
P/E ?
20.37below ind
Industry P/E ?
25.00
P/B ?
4.97
P/S ?
2.70
P/FCF ?
20.10
Enterprise Value ?
₹378,611 Cr
EV/EBITDA ?
13.30
PEG ?
3.40
Earnings Yield ?
6.4%
Dividend Yield ?
3.92%
Profitability & Returns
Sales (TTM) ?
₹138,052 Cr
OPM ?
20.6%
Profit after tax (TTM) ?
₹18,330 Cr
EPS (TTM) ?
₹67.74
ROCE ?
31.0%
ROE ?
24.4%
ROA ?
15.8%
Growth
Sales — latest qtr ?
₹35,620 Cr
PAT — latest qtr ?
₹5,132 Cr
YoY qtr sales growth ?
11.5%
YoY qtr profit growth ?
21.2%
Sales growth (3y) ?
9%
Sales growth (5y) ?
12%
Profit growth (3y) ?
6%
Profit growth (5y) ?
10%
Financial Health
Debt ?
₹5,215 Cr
Debt to Equity ?
0.07
Interest Coverage ?
25.7
Current Ratio ?
N/A
Ownership
Promoter holding ?
60.88%
Change in promoter holding ?
0.06%
Pledged percentage ?
N/A
Market
Return 3 months ?
14.6%
Return 6 months ?
-4.3%

🗓️ Quarterly results (16 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 YoY % QoQ %
Sales 26,70026,60626,29626,67228,44628,49928,05728,86229,89030,24630,34931,94233,87233,98134,57935,620 +11.5% +3.0%
Operating Profit 6,3655,8635,3655,9296,7876,1175,7936,3696,8606,4826,0356,5457,4126,7126,8707,477 +14.2% +8.8%
Other Income 1444533443653704161,103456477449456415385322361234 -43.6% -35.2%
Interest 116948615614017119113116615620921520524084194 -9.8% +131.0%
Depreciation 1,1361,0279271,0101,1431,0939981,0071,0391,0401,0931,0431,1271,0921,0391,012 -3.0% -2.6%
Profit Before Tax 5,3725,1954,6965,1285,8745,2695,7075,6876,1325,7355,1895,7025,5095,7026,1086,467 +13.4% +5.9%
Net Profit 4,0963,9813,5313,8334,3513,9954,2594,2374,5944,3093,8444,2364,0824,4904,6265,132 +21.2% +10.9%
EPS 53.4114.7113.0514.1516.0614.7215.7015.6216.9415.9014.1815.6315.0616.5417.0918.96 +21.3% +10.9%
OPM % 23.8% 22.0% 20.4% 22.2% 23.9% 21.5% 20.6% 22.1% 23.0% 21.4% 19.9% 20.5% 21.9% 19.8% 19.9% 21.0% +2.4% +5.5%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹117,055 Cr ₹130,144 Cr ₹138,052 Cr +11.2%
Operating Profit ₹25,504 Cr ₹26,704 Cr ₹28,471 Cr +4.7%
OPM % 21.79% 20.52% 20.62% -5.8%
NPM % 14.86% 12.80% 13.28% -13.9%
Other Income ₹2,485 Cr ₹1,578 Cr ₹1,302 Cr -36.5%
Depreciation ₹4,084 Cr ₹4,355 Cr ₹4,270 Cr +6.6%
Interest ₹644 Cr ₹869 Cr ₹723 Cr +34.9%
EBIT ₹21,420 Cr ₹22,349 Cr ₹24,201 Cr +4.3%
PBT ₹23,261 Cr ₹22,102 Cr ₹23,786 Cr -5.0%
Tax ₹5,862 Cr ₹4,238 Cr ₹4,244 Cr -27.7%
Net Profit ₹17,399 Cr ₹16,652 Cr ₹18,330 Cr -4.3%
EPS ₹64.16 ₹61.41 ₹67.65 -4.3%
Material Cost ₹5,724 Cr ₹1,996 Cr ₹2,627 Cr -65.1%
Employee Cost ₹66,755 Cr ₹54,766 Cr ₹58,387 Cr -18.0%
Extraordinary Items — ₹-956 Cr ₹-956 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 543543543543 +0.0%
Reserves 64,86267,72069,11274,622 +8.0%
Borrowings 4,7945,7586,2765,215 -16.9%
Other Liabilities 23,05124,98528,54935,878 +25.7%
Total Liabilities 93,25099,006104,480116,258 +11.3%
Fixed Assets 34,61935,06336,17237,379 +3.3%
CWIP 401085960 +1.7%
Investments 5,4957,1377,5647,090 -6.3%
Other Assets 53,09656,69860,68571,729 +18.2%
Total Assets 93,25099,006104,480116,258 +11.3%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 18,00922,44822,26119,975 -10.3%
Cash from Investing Activity -3,573-6,608-4,896-1,473 +69.9%
Cash from Financing Activity -15,881-15,464-18,561-19,369 -4.4%
Net Cash Flow -1,445376-1,196-867 +27.5%
Free Cash Flow 16,56521,43221,17818,576 -12.3%
CFO/OP 96%110%104%90% -13.5%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 92858166 -18.5%
Cash Conversion Cycle 92858166 -18.5%
Working Capital Days 43311743 +152.9%
ROCE % 28%30%32%31% -3.1%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 60.82%60.82%60.82%60.86%60.88% +0.0%
FIIs 18.56%16.64%16.21%15.51%14.90% -3.9%
DIIs 16.17%17.80%18.37%18.95%18.78% -0.9%
Government 0.04%0.04%0.04%0.04%— —
Public 4.24%4.41%4.26%4.36%5.15% +18.1%
Others 0.16%0.30%0.30%0.29%— —
No. of Shareholders 8,85,8359,29,2358,82,5058,77,71710,23,551 +16.6%

⚖️ Peer comparison

Industry: Information Technology Services · 19 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 TCS Tata Consultancy ₹2,303.00 833,246 16.1 283,248 51,858 26.4% 18.3% 4.6% 1.3% 11.2% 14.9%
2 INFY Infosys ₹1,037.70 420,281 14.5 178,650 29,448 21.1% 16.5% 9.6% 10.2% 13.4% 21.0%
3 HCLTECH HCL Technologies ₹1,206.10 326,343 17.8 138,052 18,330 20.6% 13.3% 11.2% -4.3% 11.5% 21.2%
4 WIPRO Wipro ₹166.89 165,105 13.0 97,023 13,223 19.3% 13.6% 4.0% 0.4% 9.1% -1.9%
5 TECHM Tech Mahindra ₹1,614.00 142,984 26.5 61,361 5,571 17.2% 9.1% 7.2% 13.0% 15.6% 34.0%
6 LTM LTM ₹4,275.00 126,737 26.2 43,594 4,844 17.7% 11.1% 11.0% 11.0% 13.1% -2.5%
7 PERSISTENT Persistent Systems ₹5,516.00 86,177 44.9 15,718 1,923 18.3% 12.2% 23.5% 33.2% 29.1% 13.7%
8 COFORGE Coforge ₹1,846.50 81,796 40.2 18,196 1,920 18.7% 10.6% 34.2% 86.6% 49.8% 49.4%
9 MPHASIS Mphasis ₹2,295.00 43,793 22.9 16,532 1,911 18.6% 11.6% 11.6% 9.5% 17.5% 10.7%
10 LTTS L&T Technology ₹3,350.00 35,539 26.9 11,701 1,322 17.7% 11.3% 9.0% 1.4% 2.6% 13.0%
11 TATATECH Tata Technologies ₹765.60 31,087 55.2 6,301 563 15.6% 8.9% 6.5% -19.3% 28.4% 3.6%
12 REDINGTON Redington ₹394.20 30,818 19.0 128,133 1,505 2.0% 1.2% 20.0% -29.5% 34.6% 94.6%
13 HEXT Hexaware Technologies ₹497.00 30,307 22.5 14,420 1,344 15.0% 9.3% — — 17.9% -13.0%
14 ESDS ESDS Software ₹1,672.50 19,604 — — — — — — — 6.9% 12.6%
15 CAMS Computer Age ₹725.20 18,007 — — — — — — — 12.1% 17.6%
16 ECLERX eClerx Services ₹1,899.90 17,484 24.4 4,334 729 25.3% 16.8% 22.3% 30.6% 23.2% 15.7%
17 FSL Firstsource Solutions ₹248.75 17,177 25.8 10,066 671 16.5% 6.7% 20.0% 13.3% 22.9% -1.8%
18 ZENSARTECH Zensar Technologies ₹434.15 9,846 12.7 5,810 777 16.0% 13.4% 7.7% 19.2% 8.9% 1.0%
19 XTRANET Xtranet Technologies ₹331.24 1,732 — — — — — — — 10.5% 78.1%
❓ Frequently asked questions
What was HCL Technologies Limited's revenue in Q2 FY27?
HCL Technologies Limited reported revenue of ₹35,620 crore for the quarter ended September 2026 (Q2 FY27), up 11.5% from ₹31,942 crore in the same quarter last year, and up 3.0% sequentially over the June 2026 quarter.
What was HCL Technologies Limited's net profit in Q2 FY27?
Net profit rose 21.2% year-on-year to ₹5,132 crore, from ₹4,236 crore. Earnings per share (EPS) came in at ₹18.96.
What is HCLTECH's market capitalisation and P/E ratio?
At the current price of ₹1,380.00, HCLTECH has a market capitalisation of ₹373,396 crore and a trailing P/E of about 20.4.
Who owns HCL Technologies Limited? (shareholding pattern)
As of Jun 2026, promoters held 60.88%, foreign institutional investors (FIIs) 14.90%, domestic institutional investors (DIIs) 18.78%, public shareholders 5.15% of HCL Technologies Limited.
TTM ends 2026-09-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI