Tech Mahindra Q3 PAT seen up 5% QoQ to Rs. 1,405.7 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 1,405.7 crore up 5% quarter-on-quarter (up 7.3% year-on-year).

Net Sales are expected to increase by 4.4 percent Q-o-Q (up 17.8 percent Y-o-Y) to Rs. 11,360.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.3 percent Q-o-Q (up 10.9 percent Y-o-Y) to Rs. 2,101.7 crore.

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