Kotak Securities has come out with its third quarter (October-December) earnings estimates for the IT sector. The brokerage house expects Infosys to report a 1.3 percent growth quarter-on-quarter (growth of 9 percent year-on-year) in net profit at Rs 3136.2 crore for the quarter.
Revenues are expected to increase by 3.6 percent Q-o-Q (up 6.1 percent Y-o-Y) to Rs 13820.9 crore, according to Kotak Securities.
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