Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Information Technology sector. The brokerage house expects HCL Technologies to report net profit at Rs. 2,536.4 crore down 2.9% quarter-on-quarter (down 11.4% year-on-year).
Net Sales are expected to increase by 1.1 percent Q-o-Q (up 20.4 percent Y-o-Y) to Rs. 15,873 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.3 percent Q-o-Q (up 19.7 percent Y-o-Y) to Rs. 3,634.5 crore.
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.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
