HCL Tech net seen falling marginally to Rs 935 crore in March quarter

HCL Technologies is expected to report a net profit of Rs 935 crore, a marginal 0.8 per cent decrease from the Rs 942.5 crore profit it posted in the quarter ended December 2012, according to an NDTV poll of brokers. Sales for the January-March period are estimated at Rs 6,425 crore, a 2.4 per cent increase from the previous quarter. Revenue growth is expected to be led by infrastructure services.

India's fourth largest software services company is due to report third quarter earnings on Wednesday.

The earnings before interest and taxes (EBIT) margin is seen falling to 18.6 per cent during the quarter compared to 19.7 per cent in October-December mainly on the back of moderation in utilisation as well as selling, general and administrative (SG&A) expenses.

While forex losses for the quarter are seen at $5 million, dollar revenue is seen rising 3 per cent quarter-on-quarter to $1,188 million compared to $1,154 million.

The net income estimate for quarter excludes the small businesses the company sold off in March.

On Tuesday, shares of HCL Tech ended at Rs 762.40, down 0.33 per cent on the National Stock Exchange.