This earnings cycle holds added significance, as the Nifty IT index has been under pressure, reflecting a broader slowdown in the performance of India’s leading technology companies.
IT Q4 results on April 21
HCL Technologies
The company is expected to report around 1.7 per cent QoQ constant currency (cc) revenue growth. EBIT margin is likely to remain within the guided range of 17–18 per cent. Total Contract Value (TCV) may see a sequential decline due to a high base in the previous quarter.
Persistent is projected to deliver relatively stronger growth, with nearly 3.8 per cent QoQ cc revenue expansion. TCV is expected to cross the USD 500 million mark, indicating continued deal momentum.
Margins are expected to see a relatively lower impact from wage hikes in Q4 compared to Q3. Key monitorables include the FY27 growth outlook, margin recovery trajectory, and commentary across business verticals.
IT Q4 results on April 22
Revenue is expected to decline marginally, largely due to ongoing restructuring initiatives. Key monitorables include updates on business restructuring and divestments.
The company is likely to report flat QoQ growth in constant currency terms, with a modest ~0.6 per cent QoQ increase in USD revenue. EBIT margins are expected to expand by about 50 bps, supported by continued margin optimisation efforts. Strong deal momentum is expected to sustain, reflected in healthy TCV.
IT Q4 results on April 23
Cyient
Progress on strategy and execution under the new CEO in the DET (Digital, Engineering, and Technology) segment could be a key monitorable, along with the demand outlook across sectors such as aerospace, telecom, energy, and automotive.
Growth is expected to be impacted by delays in the execution of the CBDT deal. Margins may see some contraction due to wage hike pressures. Deal wins are likely to remain steady in the range of USD 1.5–1.6 billion, though some weakness could persist due to exposure to the Middle East region.
Infosys
The company is expected to report a slight decline (~0.4 per cent QoQ) in constant currency growth. While deal wins are likely to remain healthy, they may come in lower compared to the previous quarter.
The IT earnings season reflects cautious growth amid macro uncertainty, margin pressures, and uneven demand. While deal pipelines remain stable, execution delays and restructuring weigh on near-term performance. Investor focus will be on guidance, margin trends, and deal momentum to assess whether the sector can stabilise after recent underperformance.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
