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4h ago

Muted Growth Forecast for HCLTech and Tata Technologies as Q1FY26 Results Arrive

Seasonal demand weakness is expected to squeeze margins, prompting brokerages to forecast narrower full-year guidance for tech firms reporting June-quarter results today

A cameraman works in front of the Tata Technologies logo during a press conference announcing a joint venture between Tata Technologies and BMW Group, in Mumbai, India, October 8, 2024. REUTERS/Francis Mascarenhas/File Photo
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Overview

  • HCLTech’s revenue is seen largely flat at ₹30,298 crore with EBIT projected at ₹5,277 crore and margins slipping to about 17.06%.
  • Tata Technologies is forecast to report ₹1,208.39 crore in revenue, net profit of ₹157 crore and an operating margin of 14.15%.
  • Goldman Sachs and PhillipCapital expect HCLTech to narrow its FY26 revenue growth guidance from 2–5% to 3–5%.
  • Emkay Global’s technical report warns Tata Tech shares could fall toward 670 if prices remain below the 730 support level.
  • More than 20 Indian companies, including Ola Electric, are scheduled to announce Q1FY26 results today, marking a busy earnings day.