HCL Tech Q1 results preview: Here is what top brokerages expect

IT giant HCL Technologies will release its April-June quarter (Q1FY23) results on Tuesday. Analysts expect the company to post 2.4-3 per cent sequential revenue growth in constant currency (CC) terms. This, they say, will be led by IT services and Engineering and R&D services (ERD).

On the flipside, the company's Ebit margins are expected to decline by up to 108 bps to 16.9 per cent over the preceding quarter due to elevated attrition and rise in discretionary expenses.

Three of the six brokerage estimates compiled by Business Standard expected a marginal decline in Ebit margins of 5-9 bps QoQ.  

That said, analysts expect