Last Updated : Apr 04, 2019 03:35 PM IST | Source: Moneycontrol.com

HCL Technologies Q4 PAT may dip 4.1% QoQ to Rs. 2,490.5 cr: Kotak

Net Sales are expected to increase by 1.3 percent Q-o-Q (up 24.1 percent Y-o-Y) to Rs. 15,896.5 crore, according to Kotak.

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HCL Technologies | Closing Price: Rs 1043.85 | Closing Price on Jan 31: Rs 1,005.20 | %Gain: 3.85 (Image: Reuters)

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Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the IT Services sector. The brokerage house expects HCL Technologies to report net profit at Rs. 2490.5 crore down 4.1% quarter-on-quarter (up 13.6% year-on-year).

Net Sales are expected to increase by 1.3 percent Q-o-Q (up 24.1 percent Y-o-Y) to Rs. 15,896.5 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.3 percent Q-o-Q (up 22.2 percent Y-o-Y) to Rs. 3,621.1 crore.

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