InfoEdge Q1 PAT seen up 82% QoQ to Rs 59.8 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Information Technology sector. The brokerage house expects InfoEdge to report net profit at 59.8 crore up 82% quarter-on-quarter (34.8% year-on-year).

Net Sales are expected to increase by 8.7 percent Q-o-Q (up 14.7 percent Y-o-Y) to Rs 226.6 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.9 percent Q-o-Q (up 42.7 percent Y-o-Y) to Rs 68.2 crore.

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