Date: October 12, 2026

Financial Results (Standalone & Consolidated)

Q2 FY2027 Performance (Three months ended September 30, 2026):

  • Revenue: $3,724 million (vs. $3,644 million in Q2 FY2026, +2.2% YoY)
  • Operating Profit: $677 million (vs. $637 million in Q2 FY2026)
  • Profit Before Tax: $677 million (vs. $654 million in Q2 FY2026)
  • Net Profit: $538 million (vs. $486 million in Q2 FY2026, +10.7% YoY)
  • Basic EPS: $0.20 (vs. $0.18 in Q2 FY2026)
  • Diluted EPS: $0.20 (vs. $0.18 in Q2 FY2026)

H1 FY2027 Performance (Six months ended September 30, 2026):

  • Revenue: $7,374 million (vs. $7,189 million in H1 FY2026, +2.6% YoY)
  • Operating Profit: $1,293 million (vs. $1,215 million in H1 FY2026)
  • Profit Before Tax: $1,322 million (vs. $1,261 million in H1 FY2026)
  • Net Profit: $1,026 million (vs. $936 million in H1 FY2026, +9.6% YoY)
  • Basic EPS: $0.38 (vs. $0.35 in H1 FY2026)
  • Diluted EPS: $0.38 (vs. $0.35 in H1 FY2026)

Balance Sheet Highlights (as of September 30, 2026):

  • Total Assets: $12,567 million (vs. $12,261 million as of March 31, 2026)
  • Cash and Cash Equivalents: $1,048 million (vs. $872 million as of March 31, 2026)
  • Total Equity: $7,944 million (vs. $7,931 million as of March 31, 2026)
  • Retained Earnings: $8,299 million (vs. $7,983 million as of March 31, 2026)
  • Current Liabilities: $3,715 million (vs. $3,356 million as of March 31, 2026)

Segment Performance (Q2 FY2027):

  • IT and Business Services: Revenue $2,816 million (75.6% of total)
  • Engineering and R&D Services: Revenue $625 million (16.8% of total)
  • HCL Software: Revenue $283 million (7.6% of total)

Cash Flow Statement (H1 FY2027):

  • Cash from Operating Activities: $815 million (vs. $1,112 million in H1 FY2026)
  • Cash from Investing Activities: $431 million (vs. $92 million in H1 FY2026)
  • Cash used in Financing Activities: ($1,034) million (vs. ($1,116) million in H1 FY2026)
  • Net Increase in Cash: $212 million (vs. $88 million in H1 FY2026)
  • Income Taxes Paid: $404 million (vs. $253 million in H1 FY2026)

Dividend Declaration or Non-Declaration

  • The Board declared an interim dividend of ₹12 per share on October 12, 2026
  • Interim dividend of ₹36 per share was paid during H1 FY2027, totaling $1,023 million

Disinvestment / Strategic Actions

The company completed four strategic acquisitions during the period:

1. Jaspersoft (from Cloud Software Group) - Completed July 1, 2026

  • Purchase consideration: $239 million
  • Acquired embedded analytics and reporting platform
  • Goodwill: $101 million; Intangible assets: $123 million

2. Guardian India Operations Private Limited - Completed July 31, 2026

  • Purchase consideration: $21 million
  • Acquired global capability center with specialized talent
  • Goodwill: $2 million

3. Telco Solutions Business (from Hewlett Packard Enterprise) - Completed August 1, 2026

  • Purchase consideration: $139 million
  • Acquired telecom solutions business with IP rights
  • Goodwill: $52 million; Intangible assets: $81 million

4. Investment in Axonwise Private Limited (Sarvam AI) - Completed June 25, 2026

  • Acquired 13.30% interest (11.34% as of September 30, 2026)
  • Investment amount: $145 million
  • Strategic initiative in artificial intelligence

Other Operational / Legal / Strategic Disclosures

Goodwill Movement:

  • Total goodwill increased to $2,663 million from $2,519 million as of March 31, 2026
  • By segment: IT and Business Services $953m, Engineering and R&D $705m, HCL Software $1,005m

Intangible Assets:

  • Other intangible assets increased to $671 million from $553 million as of March 31, 2026
  • Includes software $13m, technology $383m, customer-related intangibles $256m

Tax Strategy:

  • Effective tax rate for Q2 FY2027: 20.5% (vs. 25.7% in Q2 FY2026)
  • Effective tax rate for H1 FY2027: 22.4% (vs. 25.8% in H1 FY2026)
  • Company opted for new tax regime in India starting current financial year

Contingent Liabilities:

  • Capital commitments: $43 million
  • Other contingent liabilities: $36 million
  • Ongoing legal matter with Department of Telecommunications regarding VSAT license

Related Party Transactions:

  • Interim dividend paid to significant shareholders:
  • Vama Sundari Investments (Delhi) Private Limited: $454 million in H1 FY2027
  • HCL Holdings Private Limited: $169 million in H1 FY2027