HDFC Securities 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. 933 crore down 23.7% quarter-on-quarter (up 16.8% year-on-year).
Net Sales are expected to increase by 2.1 percent Q-o-Q (up 12.1 percent Y-o-Y) to Rs. 8,225 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.7 percent Q-o-Q (up 41 percent Y-o-Y) to Rs. 1,318 crore.
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