Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Markolines Traffic Controls to report net profit at Rs. 470 crore down 1.4% quarter-on-quarter (up 35.8% year-on-year).
Net Sales are expected to increase by 5.6 percent Q-o-Q (up 33.5 percent Y-o-Y) to Rs. 3,060 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.7 percent Q-o-Q (up 40.1 percent Y-o-Y) to Rs. 570 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.IT