Tech Mahindra Q1 PAT may dip 17.3% QoQ to Rs. 936 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the IT Services sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 936 crore down 17.3% quarter-on-quarter (up 4.3% year-on-year).

Net Sales are expected to decrease by 2.3 percent Q-o-Q (up 5 percent Y-o-Y) to Rs. 8,686.2 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 18.5 percent Q-o-Q (up 3.7 percent Y-o-Y) to Rs. 1,115.7 crore.

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