KRChoksey has come out with its fourth quarter (January-March’ 21) earnings estimates for the IT sector. The brokerage house expects HCL Technologies to report net profit at Rs 2,832.8 crore down 28.9% quarter-on-quarter (down 10.2% year-on-year).
Net Sales are expected to increase by 1.4 percent Q-o-Q (up 5.3 percent Y-o-Y) to Rs 19,566.4 crore, according to KRChoksey.
Earnings before interest and tax (EBIT) are likely to fall by 19.5 percent Q-o-Q (down 8.4 percent Y-o-Y) to Rs 3,553.2 crore.
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