HCL Tech Q2 preview: Margins to improve QoQ; revenue may rise up to 20% YoY

HCL Tech Q2 results preview: Its net profit may rise by as much as 6 per cent YoY. The company's EBIT margins will likely improve by 20-60 basis points to 17.6%

IT major HCL Technologies is expected to report healthy revenue in the July-September quarter (Q2FY23) driven by its services segment, that is IT services and engineering and research and development (ER&D) activities, analysts said. 

The company, which will release its results on Wednesday, October 12, is likely to post a 14-20 per cent revenue growth on a yearly basis (YoY) to around Rs 24,412 crore, according to an average of six brokerage estimates compiled by Business Standard. 

Meanwhile, its net profit may rise by as much as 6 per cent YoY. The company’s EBIT margins will likely decline YoY, but an improvement