HCL Tech Q1 PAT may dip 9.1% QoQ to Rs. 2,325.2 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the IT Services sector. The brokerage house expects HCL Tech to report net profit at Rs. 2,325.2 crore down 9.1% quarter-on-quarter (down 3.2% year-on-year).

Net Sales are expected to increase by 0.2 percent Q-o-Q (up 15.4 percent Y-o-Y) to Rs. 16,014.5 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.5 percent Q-o-Q (up 3.7 percent Y-o-Y) to Rs. 2,830.7 crore.

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.