Persistent Systems Q3 PAT seen up 4% QoQ to Rs. 168.4 cr: Arihant Capital

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.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.