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HCL Tech shares fall 3% after Q1 results. What Nomura, Motilal Oswal & other brokerages suggest now
HCL Tech shares fell over 3% despite reporting a 20% YoY rise in Q1FY27 consolidated net profit to Rs 4,624 crore and a 13% increase in revenue to Rs 34,579 crore. The IT major retained its FY27 constant currency guidance, forecasting 1-4% revenue growth, 1.5-4.5% services revenue growth, and an EBIT margin of 17.5-18.5%, disappointing investors.
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economictimes.indiatimes.com
HCL Tech Q1 preview: Revenue may dip QoQ; net profit could rise on currency depreciation
HCL Technologies is expected to report a mixed performance for the June quarter, with brokerages forecasting steady year-on-year profit growth but sequential revenue weakness.…
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HCL Tech Q1 Results: Profit rises 20% YoY to Rs 4,624 crore; co declares Rs 12 dividend
