HCTech Q2 results preview: Dollar revenue may grow 1% sequentially to $3,395 million, margin may expand 50 bps
HCTech Q2 FY25 results preview: Noida-headquartered HCLTech is expected to report its financial results for the July-September period on Monday, October 14. There is no change in its full-year revenue guidance.
According to Zee Business research, HCL Tech is estimated to register a consolidated profit of Rs 4,000 crore in the September quarter, which is down 6.0 percent sequentially. Analysts estimated revenue for the September quarter at Rs 28,450 crore or $3,395 million, marking an increase of 1.4 percent or 0.9 percent respectively.
Zee Business analysts expect the IT company to contribute to revenue growth of 0.5 percent on the back of extensive expansion in its core areas and verticals.
They put the IT company’s earnings before interest and taxes (EBIT)—a measure of operating profit—at Rs 5,010 crore in the second fiscal quarter, up 4.5 percent sequentially.
HCTech is expected to register a margin of 17.6 percent in the three-month period, up 50 points in the June quarter, according to Zee Business research.
Analysts expect the IT company to maintain its revenue growth guidance of 3-5 percent in FY25.
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