Moneycontrol
Jul 20, 2017 07:09 PM IST | Source: Moneycontrol.com

Tech Mahindra Q1 PAT seen up 1.7% QoQ to Rs 598.1 cr: Edelweiss

Net Sales are expected to decrease by 3.7 percent Q-o-Q (up 4.3 percent Y-o-Y) to Rs 7215.9 crore, according to Edelweiss. Tech Mahindra to report net profit at 598.1 crore up 1.7% quarter-on-quarter.

Tech Mahindra Q1 PAT seen up 1.7% QoQ to Rs 598.1 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Information Technology sector. The brokerage house expects Tech Mahindra to report net profit at 598.1 crore up 1.7% quarter-on-quarter (down 20.3% year-on-year).


Net Sales are expected to decrease by 3.7 percent Q-o-Q (up 4.3 percent Y-o-Y) to Rs 7215.9 crore, according to Edelweiss.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.1 percent Q-o-Q (down 10.8 percent Y-o-Y) to Rs 917.9 crore.


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