HCL Technologies Ltd.: HCL Tech Q4 preview: Consolidated PAT likely to fall 21% QoQ, all eyes on FY22 guidance
The firm had guided for 2-3 per cent quarter-on-quarter progress in income in fixed forex phrases. The firm will report its March quarter earnings on Friday.
The IT firm’s working efficiency within the quarter is likely to be underwhelming as analysts anticipate consolidated working margin to shrink 430-470 foundation factors on a sequential foundation due to wage hikes undertaken by the corporate.
HCL Tech made a wage hike in January and paid a particular bonus of Rs 700 crore to its staff so as to retain expertise amid excessive demand for expert IT professionals within the sector.
Investors’ focus, nonetheless, shall be on the corporate’s progress guidance for the brand new monetary yr. Analysts anticipate the corporate to information for 11-13 per cent progress in consolidated revenues in fixed forex phrases, which can make it one of many quickest rising IT corporations on this planet.
The market may even search administration’s feedback on the demand surroundings in addition to deal win momentum going forward. Investors may even be careful for the attrition price within the firm, given excessive charges reported by Infosys and Wipro and the impression of mitigating efforts on margin efficiency.
Shares of HCL Technologies ended 0.1 per cent decrease at Rs 960.8 on the National Stock Exchange.