Motilal Oswal has come out with its fourth quarter (January-March’ 21) earnings estimates for the Technology sector. The brokerage house expects Persistent Systems to report net profit at Rs. 120 crore down 3.6% quarter-on-quarter (up 39% year-on-year).
Net Sales are expected to increase by 2.7 percent Q-o-Q (up 19.2 percent Y-o-Y) to Rs. 110 crore, according to Motilal Oswal.
Earnings before interest and tax (EBIT) are likely to fall by 0.1 percent Q-o-Q (up 59 percent Y-o-Y) to Rs. 140 crore.
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