HCL Tech Q3 expectations
India’s third largest IT services company HCL Technologies is expected to report mid-to-high single-digit profit growth, according to various analyst estimates, while revenue may rise anywhere between 4.3% and 6.8% in the third quarter. The company’s net profit on an adjusted basis is expected to grow between 1.2% and 8.2%.
The top line is expected to be in the range of Rs 30,091 crore to Rs 30,393 crore in Q3FY25, supported by growth in software business, according to estimates by five brokerages.
On the revenue front, HDFC Securities remains most conservative among its peers while JM Financial is the most bullish. As for profit after tax (PAT), Elara takes a more conservative position while HDFC Securities, most upbeat among its peers.There is a consensus view that HCL will likely post strongest growth among the tier-1 companies.
Apart from the company’s revenue and PAT numbers, investors will also be on the look for HCL’s commentary on the outlook. The tonality of discretionary demand environment and budget indicators for CY25 could be crucial indicators. Deal activity and pipeline particularly after the US election will also be an important indicator.
Angel One Q3 expectations
Analysts expect Angel One to report a revenue decline of 19% QoQ due to a 14% QoQ dip in the number of orders and the impact of true-to-label charges. Lower customer acquisitions, and consequently lower opex, will offset the impact partially.
Net profit for the quarter is seen rising 22% YoY, while total income is likely to grow 17% YoY, according to Motilal Oswal.
“The pace of client addition moderated in November 2024 and was the lowest since July 2023. Slowdown in daily order run-rate and F&O/cash volumes; commodity volumes remain strong. MTF book expanded at a strong pace and has been stable over the last three months,” the brokerage said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
