Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Larsen & Toubro Infotech to report net profit at Rs. 590 crore down 8.2% quarter-on-quarter (up 17.8% year-on-year).
Net Sales are expected to increase by 3.6 percent Q-o-Q (up 28.7 percent Y-o-Y) to Rs. 4,460 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.6 percent Q-o-Q (up 18.5 percent Y-o-Y) to Rs. 670 crore.
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