Prabhudas Lilladher has come out with its second quarter (July-September’ 19) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 915.6 crore down 4.6% quarter-on-quarter (down 14% year-on-year).
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 3.2 percent Y-o-Y) to Rs. 8,902.7 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.7 percent Q-o-Q (down 11.8 percent Y-o-Y) to Rs. 1,428 crore.
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Prabhudas Earnings Estimates - IT Services
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