HCL Tech Q1 PAT may rise 12.5% at Rs 1361 cr: Dolat Capital

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.

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