HCL Technologies is preparing to announce its Q4 earnings on April 21, with shares recently rising 1.5% due to positive market sentiment. Analysts forecast a 14-15% year-on-year revenue growth, primarily driven by the financial services and hi-tech sectors, while the auto vertical may remain subdued. Adjusted profit after tax is projected to increase by 6-12%. Kotak Institutional Equities noted that the EBIT margin could be affected by restructuring charges but may benefit from rupee depreciation, which could offset wage revision costs. For FY27, ICICI Securities anticipates HCL Technologies will guide for 4-6% year-on-year constant currency organic revenue growth and an EBIT margin of 17-18%. The absence of employee restructuring costs is expected to provide a margin tailwind, potentially leading to an increase in margin guidance to 17.5-18.5% for FY2027.