HCL Tech Q1 PAT seen up 6.5% QoQ to Rs. 2,371 cr: HDFC Securities

HDFC Securities 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. 2,371 crore up 6.5% quarter-on-quarter (up 9.2% year-on-year).

Net Sales are expected to increase by 7.7 percent Q-o-Q (up 16.8 percent Y-o-Y) to Rs. 14,190 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.6 percent Q-o-Q (up 20.8 percent Y-o-Y) to Rs. 3,238 crore.

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