HCLTech Q2 Results Preview: Analysts Anticipate Margin Growth and Steady Performance
HCL Technologies is scheduled to release its Q2 financial results on October 13. Analysts expect positive growth with revenue projected at ₹31,472 crore (4% increase) and net profit at ₹4,236 crore (10% increase). EBIT margin is anticipated to expand to 16.47%. Key focus areas include deal momentum, discretionary spending trends, potential FY26 guidance revisions, and the impact of new H-1B visa fee changes. Constant currency revenue growth is expected between 1.10% to 2.00% quarter-on-quarter. Brokerage price targets for HCLTech stock range from ₹1,530 to ₹1,650.

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HCL Technologies , a leading IT services company, is set to announce its Q2 financial results on October 13, with market analysts projecting positive growth and improved margins. The upcoming results have garnered significant attention from investors and industry watchers alike.
Financial Projections
According to Bloomberg estimates, HCLTech is expected to report the following key financials:
Metric | Q2 Estimate | Change |
---|---|---|
Revenue | ₹31,472.00 crore | 4.00% |
Net Profit | ₹4,236.00 crore | 10.00% |
EBIT Margin | 16.47% | 17 bps |
Analyst Expectations
Multiple analysts have weighed in with their projections for HCLTech's Q2 performance:
- Revenue Growth: Constant currency revenue growth is anticipated to be between 1.10% to 2.00% quarter-on-quarter.
- Margin Expansion: EBIT margin is expected to expand by 20-80 basis points, driven by restructuring benefits and topline growth.
Key Focus Areas
Investors and analysts will be closely watching several aspects of HCLTech's performance and outlook:
- Deal momentum
- Discretionary spending trends
- Potential revisions to FY26 guidance
- Impact of new H-1B visa fee changes
H-1B Visa Fee Impact
A notable point of interest is the U.S. government's recent introduction of a $100,000.00 charge on new H-1B visa petitions. This change could potentially affect IT companies, including HCLTech, in terms of operational costs.
Analyst Price Targets
Various brokerages have set price targets for HCLTech stock, ranging from ₹1,530.00 to ₹1,650.00.
As HCLTech prepares to release its Q2 results, the market anticipates a continuation of steady growth and improved profitability. The company's performance in key areas such as deal pipeline, discretionary spending, and margin improvement will be crucial in determining its trajectory for the remainder of the fiscal year.
Historical Stock Returns for HCL Technologies
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.61% | +7.32% | +2.16% | +7.55% | -17.31% | +72.73% |