HCLTech Reports Record Profit in Q2 with 11% Growth and $3.26 Billion Deals
12 Oct 2026Updated 1 hr ago1 source
Indian IT services major HCLTech has recorded an 11% increase in net profit to achieve an all-time high in the second quarter, as reported by NDTV Profit. Driven by a rupee tailwind and a 28.1% surge in advanced artificial intelligence revenue, the company secured total deal wins worth $3.26 billion. The report also highlights a rebound in hiring alongside some weakness in the software division.
NIKAN Intelligence
What happened
HCLTech announced its Q2 financial results, posting an 11% growth in net profit to hit an all-time high. The company's advanced AI revenue saw a substantial increase of 28.1%, contributing to overall deal wins of $3.26 billion.
Why it matters
As one of India's leading IT companies, HCLTech's financial health and hiring rebound indicate positive momentum for the Indian technology sector. The surge in AI-related revenue highlights the growing commercial viability of artificial intelligence projects.
What we know
- Net profit rose 11% to an all-time high.
- Advanced AI revenue increased by 28.1%.
- Total deal wins reached $3.26 billion during the quarter.
- There was a rebound in hiring despite the growth in artificial intelligence.
- A rupee tailwind supported the record profit.
What we don't know
- The exact hiring numbers or talent acquisition targets for the next quarters.
- The specific details of the decline in the software division.
What's next
The company will proceed to execute the newly won deals worth $3.26 billion and manage the reported rebound in hiring.
Generated by NIKAN's analysis engine from the cited reports only. Nothing here is invented; gaps are shown as unknowns. Always read the original coverage linked below.
Reported by · Read full coverage
NIKAN News aggregates and summarises reporting from independent publishers. Full articles remain the property of the original sources and open on their websites.
More coverage
DMK and TVK clash in TN Assembly over Parandur airport project cancellation
A heated debate erupted in the Tamil Nadu Legislative Assembly between DMK and TVK members following Chief Minister Vijay's announcement to cancel the Parandur airport project. TVK Ministers Aadhav Arjuna and C.D. Nirmal Kumar alleged that the project was pushed for real estate and private interests. DMK member Thangam Thennarasu strongly defended the original site selection and retorted with sharp counter-allegations.
AI translation — may contain errors
48 days agoSource: ABP Nadu +1 more2 sourcesTrend 81
Parandur Airport Project Scrapped: What Happens to Acquired Land Now?
Following Chief Minister C. Joseph Vijay's decision to scrap the proposed ₹27,400-crore Parandur greenfield airport project, questions have arisen regarding the fate of thousands of acres of acquired land. While the move concludes years of protests by farmers and villagers, the state government must now navigate legal provisions under the Land Acquisition Act to determine if the land can be returned to its original owners.
47 days agoSource: The Hindu — Tamil Nadu1 sourceTrend 81
Supreme Court Questions Tamil Nadu on Cauvery Water Backlog Amid Karnataka Drought
The Supreme Court has questioned Tamil Nadu on how Karnataka can clear its Cauvery water backlog during ongoing drought conditions. Tamil Nadu argued that an 11.719 tmcft shortfall is severely impacting its Samba crop cultivation. Meanwhile, Karnataka cited acute water scarcity and drinking-water requirements. The court has reserved its order on the matter.
47 min agoSource: The Hindu — Tamil Nadu1 sourceTrend 80
TN Government Drops Parandur Airport Project Citing Farmers Livelihood Concerns
The Tamil Nadu government has decided to drop the proposed Parandur greenfield airport project, with Chief Minister C. Joseph Vijay prioritizing the livelihoods of local farmers and residents. To compensate, the capacity of the current Chennai airport will be expanded through new terminals, while officials look for an alternative location. The opposition DMK has criticized the move, citing potential long-term economic damage to the state.
49 days agoSource: Times of India — Chennai1 sourceTrend 80
Cauvery Dispute: Supreme Court Advises Tamil Nadu to Approach CWMA Over Water Shortfall
The Supreme Court has advised the Tamil Nadu government to approach the Cauvery Water Management Authority (CWMA) regarding its demand for proportionate water. The state informed the court that it faced a water shortfall of 17.414 TMC as of August 23, calculated under the pro rata formula.
49 days agoSource: The Hindu — National1 sourceTrend 80
TN CM Vijay orders safe return of 103 pilgrims stranded in Nepal
Tamil Nadu Chief Minister Vijay has directed ministers and state officials to coordinate the rescue and safe return of 103 pilgrims from the state. The pilgrims became stranded in Nepal on Wednesday following devastating floods in the country. The state government is monitoring the situation to ensure their safe evacuation.
46 days agoSource: The Hindu — National1 sourceTrend 80