Motilal Oswal has come out with its fourth quarter (January-March’ 21) earnings estimates for the Technology sector. The brokerage house expects HCL Technologies to report net profit at Rs 3,050 crore down 11.6% quarter-on-quarter (down 3.6% year-on-year).
Net Sales are expected to increase by 1.8 percent Q-o-Q (up 5.7 percent Y-o-Y) to Rs 19,650 crore, according to Motilal Oswal.
Earnings before interest and tax (EBIT) are likely to fall by 15.9 percent Q-o-Q (down 4.4 percent Y-o-Y) to Rs 3,710 crore.
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