Motilal Oswal has come out with its Third quarter (October-December’ 19) earnings estimates for the Technology sector. The brokerage house expects NIIT Tech to report net profit at Rs. 122.3 crore up 2.4% quarter-on-quarter (up 22.1% year-on-year).
Net Sales are expected to increase by 5 percent Q-o-Q (up 12.3 percent Y-o-Y) to Rs. 1,090.9 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.9 percent Q-o-Q (up 11.3 percent Y-o-Y) to Rs. 201 crore.
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