HCL Tech Q2 preview: Revenue to rise 13% YoY; margin impact keenly eyed

HCL Technologies’ September quarter performance will be closely tracked by the investors on Dalal Street, especially after the company outperformed both the Nifty50 and Nifty IT pack by a wide margin in the recently concluded quarter. Shares of the IT major rose a whopping 30 per cent compared with a 13 per cent gain in the 50-stock index and 20 per cent jump in the IT index. The company will post its Q2 numbers on Thursday, October 14.

Most analysts eye a double-digit revenue growth between 12 and 13 per cent year-on-year (YoY) for the second quarter of the financial year 2021-22 (Q2FY22). The strong recovery, they say, will be led by the ramp-up of large deals won in the earlier quarters.