HCL Tech Q4 PAT may rise 14% at Rs 1079 cr QoQ: KR Choksey
KR Choksey expects HCL Technologies to report a 14 percent growth quarter-on-quarter (growth of 86 percent year-on-year) in net profit at Rs 1079 crore.
July 30, 2013 / 18:07 IST
KR Choksey has come out with its first quarter (April-June) earnings estimates for the technology sector. The brokerage house expects HCL Technologies to report a 14 percent growth quarter-on-quarter (growth of 86 percent year-on-year) in net profit at Rs 1,079 crore.
Revenues are expected to increase by 7 percent Q-o-Q (up 16 percent Y-o-Y) to Rs 6,854 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9 percent Q-o-Q (up 20 percent Y-o-Y) to Rs 1,567 crore.EBITDA margin or operating profit margin is likely to be at 23 percent in June quarter as against 22 percent in March quarter and also 22 percent in the year ago period.KR Choksey on HCL TechnologiesExpect revenue growth to be 3.5 percent in constant currency terms in Q4 FY13E supported by traction in IMS segment.Margin is expected to improve led by INR depreciation against the major global currencies.Expect forex loss of USD 4.8 million in Q4 FY13E against forex gain of USD 4.3 million in Q3 FY13.Key factors to watch out for in the result are large deal signing activity, momentum in discretionary spend area and quantum of wage hike for onsite & offshore based employees. 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!
