Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 1,220 crore down 20.8% quarter-on-quarter (down 10.4% year-on-year).
Net Sales are expected to increase by 3.4 percent Q-o-Q (up 22.8 percent Y-o-Y) to Rs. 12,530 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 11.8 percent Q-o-Q (down 8.4 percent Y-o-Y) to Rs. 1,420 crore.
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