HCL Tech Q1 PAT seen up 3.6% QoQ to Rs. 2,308.9 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June’ 18) earnings estimates for the Technology sector. The brokerage house expects HCL Tech to report net profit at Rs. 2,308.9 crore up 3.6% quarter-on-quarter (up 6.4% year-on-year).

Net Sales are expected to increase by 6 percent Q-o-Q (up 15 percent Y-o-Y) to Rs. 13,975.6 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.1 percent Q-o-Q (up 20.1 percent Y-o-Y) to Rs. 3,220.1 crore.

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