Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Mphasis to report net profit at Rs. 420 crore up 5.9% quarter-on-quarter (up 22.2% year-on-year).
Net Sales are expected to increase by 4.7 percent Q-o-Q (up 27 percent Y-o-Y) to Rs. 3,400 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.9 percent Q-o-Q (up 23.3 percent Y-o-Y) to Rs. 530 crore.
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