Multibagger IT Major Reports 20% YoY PAT Growth in Q1 FY27; Announces Rs 3,500 Crore AI Data Centre Investment and Rs 12 Dividend
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HCLTech reported consolidated revenue from operations of Rs 34,579 crore and net profit of Rs 4,626 crore in Q1 FY27, while the company approved an investment of up to Rs 3,500 crore to establish AI data centres in India.
✨ Key Takeaways
On Tuesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.60 per cent to 24,066.65. HCLTech share price traded at Rs 1,191.20, down 2.46 per cent or Rs 30 from the previous close, following the announcement of its Q1 FY27 financial results.
HCLTech Q1 FY27 Performance
HCLTech reported consolidated revenue from operations of Rs 34,579 crore for the quarter ended June 30, 2026, registering a growth of 13.94 per cent YoY from Rs 30,349 crore in Q1 FY26 and 1.76 per cent QoQ from Rs 33,981 crore in Q4 FY26. Total income stood at Rs 34,940 crore compared with Rs 30,805 crore in the corresponding quarter last year.
Net profit for the quarter stood at Rs 4,626 crore, rising 20.34 per cent YoY from Rs 3,844 crore in Q1 FY26 and 3.03 per cent QoQ from Rs 4,490 crore in Q4 FY26. Profit before Tax increased to Rs 6,108 crore from Rs 5,189 crore in the year-ago quarter.
Total expenses stood at Rs 28,832 crore compared with Rs 25,616 crore in Q1 FY26. Employee benefits expense, the largest cost component, increased to Rs 19,692 crore from Rs 17,598 crore, while outsourcing costs rose to Rs 5,108 crore from Rs 4,138 crore.
Segment Performance
Revenue from the IT and Business Services segment increased to Rs 26,049 crore from Rs 22,454 crore in Q1 FY26. Engineering and R&D Services revenue stood at Rs 5,690 crore compared with Rs 5,174 crore, while HCL Software revenue increased to Rs 2,840 crore from Rs 2,721 crore.
On the segment results front, IT and Business Services reported Rs 4,420 crore, Engineering and R&D Services posted Rs 888 crore and HCL Software reported Rs 523 crore. Total segment results stood at Rs 5,831 crore compared with Rs 4,942 crore in Q1 FY26.
Rs 12 Per Share Interim Dividend
The Board of Directors declared an interim dividend of Rs 12 per equity share of face value Rs 2 each for FY27. The record date has been fixed as July 17, 2026, while the dividend payment date is July 27, 2026.
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HCLTech Announces Rs 3,500 Crore AI Data Centre Investment
In another development, HCLTech announced its entry into the full-stack AI market and approved an investment of up to Rs 3,500 crore to establish AI data centres in India, with the potential to scale capacity to 50 MW. The investment will be made through a new subsidiary and step-down subsidiaries and will complement the company's existing capabilities across AI data centre design, DevOps, AI cloud operations and software, enabling an integrated end-to-end AI offering.
About HCLTech
HCLTech is a global technology company with more than 223,000 employees across 60 countries. The company provides capabilities across AI, digital, engineering, cloud and software and serves industries including financial services, manufacturing, life sciences and healthcare, Semiconductor, telecom, retail and public services. Consolidated revenue for the 12 months ended June 2026 stood at USD 14.8 billion.
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Disclaimer: The article is for informational purposes only and not investment advice.