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HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts

HCL Tech Q3 preview: As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23

Photo: Bloomberg
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Lovisha Darad New Delhi
IT services major HCL Technologies is likely to clock up to 6 per cent revenue growth quarter-on-quarter (QoQ) to Rs 26,214 crore in the December quarter of this fiscal year (Q3FY23) from Rs 22,331 crore in Q2FY23, estimate analysts. The company is scheduled to announce results on Thursday, January 12.

As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23, driven by easing supply-side constraints, better utilisation levels, and higher growth in products and platforms (P&P) business segment. Net profit, meanwhile, is

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