Persistent Q1 PAT may dip 26.1% Q-o-Q to Rs. 61.9 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June’ 20) earnings estimates for the IT sector. The brokerage house expects Persistent to report net profit at Rs. 61.9 crore down 26.1% quarter-on-quarter (down 24.9% year-on-year).

Net Sales are expected to decrease by 2 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs. 907.9 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20.5 percent Q-o-Q (down 16.5 percent Y-o-Y) to Rs. 68.1 crore.

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