HCL Technologies Q4 preview: EBIT margin may drop; watch for deal pipeline

Emkay Global Financial Services expects net sales (revenue) to rise 2.3 per cent quarter-on-quarter (QoQ) and 16 per cent year-on-year (YoY) to Rs 18,552.7 crore

HCL Technologies is slated to announce its March quarter results for financial year 2019-20 (Q4FY20) on Thursday, May 7. The company, according to analysts, may see a decline in earnings before interest and tax, and amortisation (EBIT) margins on a sequential basis on account of some revenue hit due to disruptions caused by the Covid-19 outbreak. Rupee depreciation, however, will be a tailwind, they say.

Here's a look at what brokerages expect from HCL Tech's March quarter results

Emkay Global Financial Services

The brokerage expects net sales (revenue) to rise 2.3 per cent quarter-on-quarter (QoQ) and 16 per cent year-on-year (YoY) to Rs