HCL Technologies Q2 PAT seen down 4% at Rs 1963.8 cr: Kotak Sec.

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.

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.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Oct 12, 2016 05:25 pm

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HCL Technologies Q2 PAT seen down 4% at Rs 1963.8 cr: Kotak Sec.

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.

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