Intellect Design Q1 PAT may dip 22.8% QoQ to Rs. 20 cr: HDFC Securities

LAS VEGAS, NV - JANUARY 04: Tim Baxter, President and Chief Operating Officer of Samsung Electronics America, speaks during a press event for CES 2017 at the Mandalay Bay Convention Center on January 4, 2017 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 5-8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees. (Photo by Alex Wong/Getty Images)

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HDFC Securities has come out with its first quarter (April-June’ 18) earnings estimates for the Technology sector. The brokerage house expects Intellect Design to report net profit at Rs. 20 crore down 22.8% quarter-on-quarter.

Net Sales are expected to increase by 3.5 percent Q-o-Q (up 31.8 percent Y-o-Y) to Rs. 318 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.7 percent Q-o-Q (up 62.6 percent Y-o-Y) to Rs. 26 crore.

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