Mega AI Deal with Mercedes-Benz...HCLTech Bags Record Order Book

HCLTech reported a strong performance for the first quarter of FY2026-27, surpassing market expectations. The company posted a net profit of ₹4,624 crore, a 20% increase compared to ₹3,843 crore in the corresponding quarter last year. Revenue grew 14% year on year to ₹34,579 crore. The company retained its full year revenue growth guidance of 1–4% and announced an interim dividend of ₹12 per share. The record date has been fixed as July 17, while the dividend will be paid on July 27.

During the April–June quarter, HCLTech secured new deals worth $2.4 billion, including a $1.14 billion AI deal with Mercedes Benz, the largest Q1 order bookings in the company's history. The company also approved an investment of ₹3,500 crore to establish AI data centres with a capacity of up to 50 MW in India. While AI services revenue recorded strong growth, the company's workforce declined by 3,292 employees to 2,23,889, and the attrition rate increased to 12.7%.