Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Infosys to report net profit at Rs. 5,710 crore up 0.3% quarter-on-quarter (up 9.8% year-on-year).
Net Sales are expected to increase by 4.9 percent Q-o-Q (up 21.3 percent Y-o-Y) to Rs. 33,850 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.2 percent Q-o-Q (up 6.6 percent Y-o-Y) to Rs. 7,040 crore.
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