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HCL Tech Q2 profit seen down 3%, dollar revenue may rise 3.6% but margin may shrink

Analysts expect the company to maintain constant currency revenue growth at 10.5-12.5 percent and EBIT margin at 19.5-20.5 percent for the year.

October 25, 2017 / 08:05 IST
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Software firm HCL Technologies' second-quarter profit is expected to fall 2.5 percent sequentially to Rs 2,143 crore.

Revenue is seen rising 3.5 percent quarter-on-quarter to Rs 12,572 crore and dollar revenue may grow 3.6 percent to USD 1,951 million for the quarter ended September 2017, according to an average of estimates of analysts polled by CNBC-TV18.

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Constant currency growth is expected to be at 2.2 percent.

EBIT margin for the quarter is seen contracting at 19.8 percent from 20.1 percent in previous quarter, impacted by wage hike.