KR Choksey has come out with its second quarter (July-September’ 22) earnings estimates for the IT sector. The brokerage house expects HCL Technologies to report net profit at Rs. 3,409.8 crore up 3.9% quarter-on-quarter (up 4.4% year-on-year).
Net Sales are expected to increase by 4.4 percent Q-o-Q (up 18.6 percent Y-o-Y) to Rs. 24,501.7 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.3 percent Q-o-Q (up 9.4 percent Y-o-Y) to Rs. 4,285.3 crore.
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