Cyient Q2 PAT seen up 12.4% QoQ to Rs. 170 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July - September’ 26) earnings estimates for the IT sector. The brokerage house expects Cyient to report net profit at Rs. 170 crore up 12.4% quarter-on-quarter (down 3.4% year-on-year).

Net Sales are expected to increase by 11.8 percent Q-o-Q (up 3.5 percent Y-o-Y) to Rs. 1,910 crore, according to Prabhudas Lilladher.

Earnings before interest and Taxes (EBIT) are likely to rise by 29.1 percent Q-o-Q (down 8.8 percent Y-o-Y) to Rs. 210 crore.

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