Arihant Capital has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects Persistent Systems to report net profit at Rs. 168.4 crore up 4% quarter-on-quarter (up 39% year-on-year).
Net Sales are expected to increase by 10 percent Q-o-Q (up 38 percent Y-o-Y) to Rs. 1,483.2 crore, according to Arihant Capital.
Earnings before interest, tax, (EBIT) are likely to rise by 13 percent Q-o-Q (up 39 percent Y-o-Y) to Rs. 253.7 crore.
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