Motilal Oswal has come out with its second quarter (July-September’ 19) earnings estimates for the Technology sector. The brokerage house expects HCL Technologies to report net profit at Rs. 2,520.8 crore up 13.6% quarter-on-quarter (down 0.8% year-on-year).
Net Sales are expected to increase by 7.6 percent Q-o-Q (up 18.9 percent Y-o-Y) to Rs. 17,668.6 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 21.4 percent Q-o-Q (up 18 percent Y-o-Y) to Rs. 4,128.1 crore.
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News Source: MoneyControl