HCL Tech Q1 net may rise 7% at Rs 1283 cr: KR Choksey
According to KR Choksey, HCL Technologies may report a 7 percent growth quarter-on-quarter (growth of 48 percent year-on-year) in net profit at Rs 1,283 crore.
October 15, 2013 / 19:25 IST
KR Choksey has come out with July-September earnings estimates for the information technology sector. The brokerage house expects HCL Technologies to report a 7 percent growth quarter-on-quarter (growth of 48 percent year-on-year) in net profit at Rs 1,283 crore.
Revenues are expected to increase by 14 percent Q-o-Q (up 31 percent Y-o-Y) to Rs 7,951 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 16 percent Q-o-Q (up 40 percent Y-o-Y) to Rs 1,896 crore.KR Choksey's Report on HCL Technologies:Expect revenue growth to be 4 percent in constant currency terms in Q1 FY14E supported by traction in IMS segment.INR depreciation against major global currencies in Q1 FY14E and one time visa cost in Q4 FY13 will mitigate wage hike.Expect forex loss of USD 14.1 million in Q1 FY14E against forex gain of USD 5.4 million in Q4 FY13.Key factors to watch out for in the result are large deal signing activity and momentum in discretionary spend area.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
