HCL Tech Q1 Results Live Update: PAT may rise 6% YoY, revenue uptick seen at 7%

Emkay projecting a 2% quarter-over-quarter decline in USD revenue, accounting for a 20 basis points cross-currency headwind. Sequentially, EBIT margins are expected to decrease by 70 basis points, influenced by revenue softness and the pass-on of productivity benefits.

According to Kotak Equities, the net profit for the June quarter is anticipated to rise by 5.6% year-on-year to Rs 3,733 crore, while showing a decline of 6.3% quarter-on-quarter. Net sales for the same period are expected to reach Rs 27,998 crore, marking a 6.5% year-on-year increase but a 1.8% decrease quarter-on-quarter.

In terms of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q1FY25, Kotak forecasts a 6.8% year-on-year growth to Rs 5,755 crore. However, they expect a 5.7% decline quarter-on-quarter in EBITDA.

IT major HCL Technologies reported a net profit of Rs 3,995 crore for the quarter ended March 31, 2024, which was marginally higher by 0.35% as against Rs 3,981 crore reported in the year-ago period. It was lower than Street's estimates of Rs 4,080 crore.

The profit after tax was down 8% on a quarter-on-quarter basis versus Rs 4,351 crore reported in the October-December period.

HCL Technologies, one of India's largest IT companies, is anticipated to announce a 6% year-on-year increase in net profit for the quarter ending June 30, 2024, amounting to Rs 3,745 crore, based on average estimates from four brokerages.

Additionally, the company's revenue for the quarter is expected to reach Rs 27,997 crore, reflecting a growth of 6.5% compared to the corresponding quarter of the previous financial year, according to the average estimates provided.