HCL Technologies is set to announce its Q2 FY27 financial results on October 12, with revenue expected to grow by 2.4% sequentially in constant currency terms, according to brokerage PL Capital. The Noida-based IT services company is also anticipated to see an expansion in its EBIT margin by about 120 basis points, reflecting steady growth amid a competitive IT sector.
The revenue growth forecast includes a 1.2% organic increase and contributions from recent acquisitions such as Jaspersoft and the HPE Telco business, noted by Motilal Oswal and PL Capital. The EBIT margin expansion is supported by both revenue growth and favorable foreign exchange movements, as highlighted in reports by Nuvama and MOFSL. The results will be released after the Indian stock market closes on Monday.
This performance comes shortly after Tata Consultancy Services reported promising Q2 results, underscoring a positive trend in the Indian IT services industry. HCL’s expected growth aligns with broader sector momentum driven by IT and engineering research and development services. The margin expansion also indicates improving operational efficiency, a key metric for investors comparing major IT firms in India.
Investors and market watchers will closely analyze HCL Technologies’ Q2 FY27 results on October 12 to gauge the company’s growth trajectory and profitability amid evolving market conditions. The company’s performance will be a critical data point following TCS’s recent earnings, providing insights into the sector’s health.