HCL Tech Q3 PAT likely to grow 10% QoQ; co to retain FY24 revenue, margin guidance, says Nuvama

IT major HCL Technologies is expected to report a 10.3% sequential jump in its December quarter net profit at Rs 4,227.50 crore aided by improvements in margins according to estimates by Nuvama. The net profit is seen growing by 3.2% on a year-on-year basis. The company will declare its third quarter earnings on January 12.

The company had reported a net profit of Rs 3,832 crore in the September quarter while a profit after tax (PAT) of Rs 4,097 crore in the corresponding period of the last financial year.