October 12, 2016 / 17:51 IST
Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Technology sector. The brokerage house expects
HCL Technologies to report net profit at Rs 1963.8 crore, down 4 percent quarter-on-quarter.
Net Sales are expected to increase by 1.9 percent Q-o-Q (up 14.4 percent Y-o-Y) to Rs 11548.2 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.7 percent Q-o-Q (up 17.3 percent Y-o-Y) to Rs 2452.7 crore.
Kotak Securities' report on HCL TechnologiesWe expect 2.1% c/c revenue growth and 50 bps impact of cross currency. We expect EBIT margin to decline 100 bps qoq largely due to wage hikes for a section of employees and cross-currency headwind.
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