Tech Mahindra Q1 PAT may dip 23.4% QoQ to Rs. 939.4 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June’ 18) earnings estimates for the Technology sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 939.4 crore down 23.4% quarter-on-quarter (up 17.6% year-on-year).

Net Sales are expected to increase by 1.4 percent Q-o-Q (up 11.3 percent Y-o-Y) to Rs. 8,166.3 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.6 percent Q-o-Q (up 42.6 percent Y-o-Y) to Rs. 1,333 crore.

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