Infosys Q1 PAT may dip 3% QoQ to Rs 3495.2 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Information Technology sector. The brokerage house expects Infosys to report net profit at 3495.2 crore down 3% quarter-on-quarter (up 1.7% year-on-year).

Net Sales are expected to decrease by 0.6 percent Q-o-Q (up 1.4 percent Y-o-Y) to Rs 17015 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.7 percent Q-o-Q (up 0.8 percent Y-o-Y) to Rs 4484.4 crore.

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