Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Zen Technologies to report net profit at Rs. 70 crore down 44.6% quarter-on-quarter (down 29.5% year-on-year).
Net Sales are expected to increase by 2.8 percent Q-o-Q (up 26.6 percent Y-o-Y) to Rs. 1,190 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 22.3 percent Q-o-Q (down 30.6 percent Y-o-Y) to Rs. 90 crore.
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