HCL Tech Q4 results preview: Brokerages see 8-16% YoY growth in profit on low Covid-19 impact

NEW DELHI: HCL Technologies is expected to post an 8-16 per cent year-on-year (YoY) rise in profit in rupee terms on a 15-16 per cent rise in sales. In constant currency terms, sales growth is expected to come in at 5-6 per cent YoY.

March quarter was marked by budgets cuts for most IT companies but HCL’s statement on Covid-19 suggests little impact on the business, at least for the March quarter.

The IT major announced a few large deals at the beginning of the quarter including Fonterra, Stanley Black & Decker and UPM which indicated a strong order book.