Tata Elxsi Q1 PAT may dip 1.5% QoQ to Rs. 69 cr: HDFC Securities

HDFC Securities has come out with its first quarter (April-June’ 18) earnings estimates for the Technology sector. The brokerage house expects Tata Elxsi to report net profit at Rs. 69 crore down 1.5% quarter-on-quarter (up 39.1% year-on-year).

Net Sales are expected to increase by 8.4 percent Q-o-Q (up 25.8 percent Y-o-Y) to Rs. 407 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8 percent Q-o-Q (up 39.9 percent Y-o-Y) to Rs. 103 crore.

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