HCL Tech Q1 PAT may rise 12.5% at Rs 1361 cr: Dolat Capital
According to Dolat Capital, HCL Technologies to report a 12.5 percent growth quarter-on-quarter (growth of 53.8 percent year-on-year) in net profit at Rs 1,360.6 crore.
October 15, 2013 / 19:34 IST
Dolat Capital has come out with July-September earnings estimates for the information technology sector. The brokerage house expects HCL Technologies to report a 12.5 percent growth quarter-on-quarter (growth of 53.8 percent year-on-year) in net profit at Rs 1,360.6 crore.
Revenues are expected to increase by 13.3 percent Q-o-Q (up 29.1 percent Y-o-Y) to Rs 7,864.8 crore, according to Dolat Capital.Earnings before interest, tax (EBIT) are likely to rise by 13.6 percent Q-o-Q (up 40.4 percent Y-o-Y) to Rs 1,659.5 crore.Dolat Capital's Report on HCL Technologies:We expect volume growth of 3.3 percent Q-o-Q, that too concentrated in IMS segment as other segments continue to underperform. Wage hikes may restrict the gains on Fx to a larger extent.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!
