HCL Tech to post Q1 result today; here's what brokerages expect

At an operating level, earnings before interest and tax may decline more than 6 percent, and its margin may contract sequentially by triple digits

IT services provider HCL Technologies is likely to report more than 5 percent sequential decline in its profit for the June quarter, but dollar revenue could be increased by more than a percent quarter-on-quarter (QoQ) and cross-currency revenue growth could be more than 1.5 percent QoQ.

The stock gained 1.28 percent to close at Rs 1,024.35 on August 6, ahead of the announcement of its earnings for the June quarter.

"We expect dollar revenues to grow 1.2 percent QoQ to $2,305 million supported by 0.5 percent contribution from Strong Bridge acquisition," said ICICI Securities, which expects profit to fall 7 percent and rupee revenue to grow 0.2 percent sequentially.

Kotak Institutional Equities also expects constant currency revenue growth rate of 1.55 percent of which 1 percent will be organic, with the balance attributed to the Strong-Bridge Envision acquisition.

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