KR Choksey has come out with its fourth quarter (January-March) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at 841.4 crore down 2% quarter-on-quarter.
Net Sales are expected to increase by 1 percent Q-o-Q (up 10 percent Y-o-Y) to Rs 7599.8 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1 percent Q-o-Q (down 1 percent Y-o-Y) to Rs 932.3 crore.
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