TCS Q3 PAT seen up 3.3% QoQ to Rs. 9,941.2 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects TCS to report net profit at Rs. 9,941.2 crore up 3.3% quarter-on-quarter (up 14.3% year-on-year).

Net Sales are expected to increase by 3.2 percent Q-o-Q (up 15.2 percent Y-o-Y) to Rs. 48,382.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.8 percent Q-o-Q (up 4 percent Y-o-Y) to Rs. 13,644 crore.

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