Persistent Systems Q1 PAT seen up 7.4% QoQ to Rs. 90.8 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 19) earnings estimates for the Technology sector. The brokerage house expects Persistent Systems to report net profit at Rs. 90.8 crore up 7.4% quarter-on-quarter (up 3.9% year-on-year).

Net Sales are expected to increase by 2 percent Q-o-Q (up 1.7 percent Y-o-Y) to Rs. 848.2 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.9 percent Q-o-Q (up 2.9 percent Y-o-Y) to Rs. 144.2 crore.

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