Moneycontrol
Jan 12, 2017 12:13 PM IST IST | Source: Moneycontrol.com

Persistent's Q3 PAT may dip 7.4% to Rs 68 cr: Motilal Oswal

Net Sales are expected to increase by 4.1 percent Q-o-Q (up 23.7 percent Y-o-Y) to Rs 732.6 crore, according to Motilal Oswal


Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Technology sector. The brokerage house expects Persistent Systems to report net profit at 68 crore down 7.4% quarter-on-quarter.


Net Sales are expected to increase by 4.1 percent Q-o-Q (up 23.7 percent Y-o-Y) to Rs 732.6 crore, according to Motilal Oswal.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8 percent Q-o-Q (up 7.7 percent Y-o-Y) to Rs 119.6 crore.

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