HCL Technologies is set to release its second-quarter results on Thursday, and there are a few key details to keep in mind. Here's what you need to know:
Net Profit Forecast
Analysts predict that HCL Technologies will see a 6.3% increase in net profit, reaching 37.09 billion Indian rupees ($446.0 million) for the quarter ending on September 30th. This compares to a net profit of INR34.89 billion in the same period last year.
Revenue Forecast
Second-quarter revenue is expected to rise by 8.8% from the previous year, reaching INR268.46 billion, according to a FactSet survey.
What to Watch For
Guidance
In July, the company projected a growth rate of 6.0%-8.0% in revenue for the fiscal year ending March 2024, along with an earnings-before-interest-and-taxes margin between 18% and 19%. Investors are keen to see if there will be any changes to this guidance.
Workforce
As of June, HCL Technologies had a total workforce of 223,438 employees, experiencing a net decrease of 2,506 employees from the end of March. Investors are closely monitoring any signs of improvement in headcount growth.
Dividend Consideration
The board is scheduled to discuss the possibility of an interim dividend on Thursday. The company previously declared an interim dividend of INR10 per share in July. Investors are eager to know the size of any potential dividend that will be announced.
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