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The Economic Times
The Economic Times
Veer Sharma

HCL Tech Q1 preview: Revenue may dip QoQ; net profit could rise on currency depreciation

HCL Tech HCLTECH HCL Technologies Motilal Oswal Axis Direct BNP Paribas Kotak Morgan Stanley

After a better-than-expected start to the earnings season from Tata Consultancy Services (TCS), investor attention now shifts to HCL Technologies, which is scheduled to report its June quarter (Q1FY27) results today (July 13).

Brokerages expect HCLTech to deliver a mixed set of numbers, with steady year-on-year growth but sequential weakness in revenue. Margins, however, are expected to remain resilient, supported by favourable currency movements and cost efficiencies. Based on the average estimates of five brokerages, HCLTech's net profit is expected to rise 18% year-on-year, while increasing sequentially in rupee terms, aided by currency depreciation.

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