HCL Tech Q2 net profit seen up at Rs 366.7 cr

India's fourth largest software services exporter HCL Technologies is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 366.7 crore in Q2 as against Rs 331 crore in Q1FY11.

Revenues in terms of dollar are seen going up at USD 857.42 million versus USD 804 million and in ruppe terms, revenues are likely to be at Rs 3840 crore as against Rs 3708 crore.

Earning before interest, depreciation, tax and amortisation (EBIDTA) is expected to go up at Rs 611 crore from Rs 603.3 crore.

Q2FY11 expectations
* Expect revenue growth of 6% in dollar terms (QoQ)
* Expect growth to be led equally by application services and IMS.
* 28% exposure to GBP/EUR to aid dollar-revenue growth.
* Expect margins to be down slightly due to continued losses in BPO and Rupee appreciation
* Previous quarter profit includes forex loss of US dollar 14.2 million; forex losses of USD 5 million expected in Dec quarter.
* Expect positive comments on deal pipeline, BPO business likely to remain troubled
* Key things to watch - outlook for pricing/volumes; margin commentary; large deal announcements