HCL Q1 PAT may dip 16% Q-o-Q to Rs. 2,653.9 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June’ 20) earnings estimates for the IT sector. The brokerage house expects HCL to report net profit at Rs. 2,653.9 crore down 16% quarter-on-quarter (up 18.9% year-on-year).

Net Sales are expected to decrease by 3.9 percent Q-o-Q (up 8.7 percent Y-o-Y) to Rs. 17,861.8 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15 percent Q-o-Q (up 17.4 percent Y-o-Y) to Rs. 3,297.8 crore.

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