Q2 FY27 investor release: revenue ₹35,620Cr, EBIT margin 18.2%, net income ₹5,132Cr, dividend ₹12 per share

Q2 FY27 investor release (quarter & half-year ended Sep 30, 2026).

Mon 12 Oct 2026

Revenue

₹35,620Cr, up 11.5% YoY

EBIT margin

18.2%, up 131 bps QoQ

Net income

₹5,132Cr, up 11.0% QoQ

What has been shared

The company has enclosed an investor release dated October 12, 2026 on the financial results for the quarter and half year ended September 30, 2026.

Q2 FY27 performance

• Revenue ₹35,620Cr, up 3.0% QoQ and 11.5% YoY; in dollar terms $3,724M, up 2.0% QoQ and 2.2% YoY.
• Constant currency revenue up 2.3% QoQ and 2.6% YoY.
• EBIT margin 18.2%, up 131 bps QoQ and 71 bps YoY.
• Net income ₹5,132Cr, equal to 14.4% of revenue, up 11.0% QoQ and 21.2% YoY.
• Diluted EPS ₹70.22, up 5.0% QoQ and 12.2% YoY.
• Dividend per share ₹12.

The release notes that Q2 FY27 EBIT and net income margin include the impact of re-structuring cost of 84 bps and 62 bps respectively.

Deal wins, AI and cash

• Bookings (new deal wins) $3,258M.
• Advanced AI revenue $219M, up 28.4% QoQ in constant currency and 78.0% YoY in constant currency.
• FCF/NI on LTM basis 87%; ROIC on LTM basis 41.2%.
• Revenue per employee (per annum) $65.4K.

Where the revenue came from (Q2 FY27 mix)

• By segment: IT & Business Services 75.4%, Engineering & R&D 16.7%, HCLSoftware 7.9%.
• By vertical: Financial Services 22.4%, Manufacturing 18.3%, Technology & Services 14.3%, Lifesciences & Healthcare 13.8%, Telecommunications, Media, Publishing & Entertainment 12.0%, Retail & CPG 10.5%, Public Services 8.8%.
• By geography: USA 56.1%, Europe 26.9%, Rest of World 13.6%, India 3.4%.

FY27 guidance (YoY in constant currency)

• Company revenue growth 2.5% - 4.0%.
• Services 3.0% - 4.0%.
• EBIT margin 17.5% - 18.5%.

People and clients

• Total people count 230,339, with a net addition of 6,450 during the quarter and 6,136 freshers added.
• Attrition (LTM) 12.8%; women employees 30.0%; R&D expense 1.9% of revenue.
• Clients: the number in the $100M+ band moved from 22 to 23, $50M+ from 54 to 62, $10M+ from 258 to 291 and $1M+ from 954 to 981 between the June and September periods shown.

How to read this

The release sets out revenue, margin, net income, EPS and a dividend per share figure for the quarter, along with deal bookings, client counts by revenue band and headcount. It also carries the company's full-year constant-currency guidance ranges, which give a sense of the growth and margin band the company is working with.

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