Dolat Capital has come out with its October-December earnings estimates for the information & technology sector. The brokerage house expects HCL Technologies to report a 0.4 percent degrowth quarter-on-quarter (up 46.2 percent Y-o-Y) in net profit at Rs 1410.5 crore.
Sales of HCL Technologies are expected to increase by 1.8 percent Q-o-Q (up 29.2 percent Y-o-Y)to Rs 8106.2 crore, according to Dolat Capital.
Earnings before interest, tax (EBIT) are likely to fall by 2 percent Q-o-Q (up 49.2 percent Y-o-Y) to Rs 1856.3 crore.
Dolat Capital on HCL Technologies:
We expect volume growth of 2.8 percent Q-o-Q, that too concentrated in IMS segment as other segments continue to underperform.
Business outlook on renewal deal demand, revival in volume growth in ADM/BPO segment and sustenance of OPM at the current levels.
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