Tech Mahindra Q1 PAT seen up 3.1% Q-o-Q to Rs. 749.2 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June’ 20) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 749.2 crore up 3.1% quarter-on-quarter (down 21.1% year-on-year).

Net Sales are expected to decrease by 5.1 percent Q-o-Q (up 4 percent Y-o-Y) to Rs. 9,003.2 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14.7 percent Q-o-Q (down 18.4 percent Y-o-Y) to Rs. 810.3 crore.

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