HCL Technologies, India’s third-largest IT services company, is expected to report a 9.2 per cent quarter-on-quarter increase in net profit to ₹4,625 crore for Q3.

The company is scheduled to release its results today, with analysts anticipating improved margins of 19.5 per cent compared to 18.6 per cent in the previous quarter.

The IT major is projected to deliver constant currency revenue growth of 4-4.2 per cent and overall revenue growth of 3.2 per cent for the quarter. Market analysts expect HCL Tech to revise the lower end of its constant currency growth guidance upward.

This earnings announcement comes amid broader market challenges, with the Gift Nifty down 163 points or 0.7 per cent. The company’s shares were trading at ₹1,993.30, down 0.09 per cent as of 12 pm on the NSE today.

The anticipated results follow recent global market developments, including a 1 per cent decline in US markets due to stronger-than-expected job data and falling unemployment rates.

The US Dollar Index has reached a 14-month high above 109, while oil prices have surged to a 4-month high above $81 per barrel following US sanctions on Russia.