HCL Tech Q3 PAT seen up 3% QoQ to Rs. 3,362.4 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects HCL Tech to report net profit at Rs. 3,362.4 crore up 3% quarter-on-quarter (down 15.5% year-on-year).

Net Sales are expected to increase by 4.2 percent Q-o-Q (up 11.5 percent Y-o-Y) to Rs. 21,529.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.9 percent Q-o-Q (down 5.9 percent Y-o-Y) to Rs. 5,124 crore.

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