HCL Q1FY22 Results Preview - Announcement Tomorrow - Know what the street is expecting from this Nifty 50 company
Devanshi Asher tells that the street is expecting a stable set of results from HCL Technologies. It is unlikely that the growth will be very strong for the quarter ended 30 June, she adds. The income is expected to grow by 2-3 per cent in the constant currency terms while the Dollar income is expected to go up by 2 per cent, she further says
HCL Q1FY22 – IT company HCL Technologies will be declaring its quarterly results of Q1FY22 on Monday. What are the expert estimates on the results and are the results expected to beat the estimates or be subdued? Zee Business’ Devanshi Asher has this detailed report.
Asher said that the street was expecting a stable set of results from HCL Technologies. It is unlikely that the growth will be very strong for the quarter ended 30 June, she added. The income is expected to grow by 2-3 per cent in the constant currency terms while the Dollar income is expected to go up by 2 per cent, she further said.
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There could be some underperformance in its product platform. The net income is expected to be around Rs 20,250 cr while the EBIT at Rs 4100 cr. The margins will be under some pressure because of the wage hikes and will remain at 20.2 per cent she further said.
The net profit is expected to see a jump on a quarter-on-quarter basis. The profits are estimated at Rs 3250 – a jump of almost 9.7 per cent.
It will be interesting to see the expansions plans, new deals and acquisitions. The new deals for IT companies have been good and are expected to be likewise for HCL Technologies. The focus will be on the guidance that the company gives during this quarter.
The stocks of HCL Technologies ended at Rs 1006 on Friday on the NSE, falling by 3.25 per cent or over Rs 33. The 52-week high for this stock is Rs 1067 which it attained on 13 January 2021 while the 52-week low is Rs 592.50 which it attained on 15 July 2020.
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