HCL Tech Q1 net seen up 15.5% at Rs 1397.3 cr: P Lilladher
According to Prabhudas Lilladher, HCL Technologies may report a 15.5 percent growth quarter-on-quarter (growth of 57.9 percent year-on-year) in net profit at Rs 1,397.3 crore.
October 15, 2013 / 19:32 IST
Prabhudas Lilladher has come out with July-September earnings estimates for the information technology sector. The brokerage house expects HCL Technologies to report a 15.5 percent growth quarter-on-quarter (growth of 57.9 percent year-on-year) in net profit at Rs 1,397.3 crore.
Revenues are expected to increase by 13.8 percent Q-o-Q (up 29.7 percent Y-o-Y) to Rs 7,900.3 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25.1 percent Q-o-Q (up 50.9 percent Y-o-Y) to Rs 2,038.3 crore.EBITDA margin or operating profit margin is likely to be at 25.8 percent in September quarter as against 23.5 percent in June quarter and 22.2 percent in a year ago period.Prabhudas Lilladher's Report on HCL Technologies:We expect HCL to report 4.3 percent Q-o-Q volume growth for Q1FY14, whereas, pricing is expected to be muted with no decline. We expect margin to expand by 234bps due to currency depreciation. We expect positive management commentary on demand environment, strong outlook on growth and margin outlook for CY13. We expect commentary on large project ramp-ups and wage hike.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!
