HCL Tech Q2: Organic growth may take a hit; margins likely to improve

On a year-to-date (YTD) basis, the company's stock has surged 9 per cent against the S&P BSE Sensex's 0.16 per cent decline.

India's leading technology services firm HCL Technologies is scheduled to announce its June-September quarter earnings for FY19 on Tuesday. The company is expected to deliver steady results; however, seasonal softness in Products business is likely to weigh on organic growth.

HCL Tech had reported a 10 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 24.31 billion for the first quarter ended June 30, 2018. Its consolidated revenues from operations grew 14.2 per cent to Rs 138.78 billion in April-June 2018 as against Rs 121.49 billion in the same quarter of 2017-18.
 

On a year-to-date (YTD) basis,