ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Information Technology sector. The brokerage house expects Infosys to report net profit at Rs. 4,252.9 crore up 3.5% quarter-on-quarter (down 17.1% year-on-year).
Net Sales are expected to increase by 3.8 percent Q-o-Q (up 20.3 percent Y-o-Y) to Rs. 21,400.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.9 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs. 5,564.2 crore.
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ICICI Direct - Consolidated Estimates Report
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