HCL Tech Q1 PAT may dip 6.1% QoQ to Rs. 33.8 cr

Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects HCL Tech to report net profit at Rs. 33.8 crore down 6.1% quarter-on-quarter (up 4.6% year-on-year).

Net Sales are expected to increase by 4.3 percent Q-o-Q (up 17.4 percent Y-o-Y) to Rs. 235.6 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.5 percent Q-o-Q (up 7.1 percent Y-o-Y) to Rs. 42.1 crore. Moneycontrol