Redington Q2 PAT seen up 11.3% QoQ to Rs. 263.4 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July-September’ 21) earnings estimates for the IT sector. The brokerage house expects Redington to report net profit at Rs. 263.4 crore up 11.3% quarter-on-quarter (up 49.8% year-on-year).

Net Sales are expected to increase by 18 percent Q-o-Q (up 15.4 percent Y-o-Y) to Rs. 15,878 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.3 percent Q-o-Q (up 37.4 percent Y-o-Y) to Rs. 397 crore.

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