Arihant Capital has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects Route Mobile to report net profit at Rs. 48.9 crore up 16% quarter-on-quarter (up 30.1% year-on-year).
Net Sales are expected to increase by 17 percent Q-o-Q (up 32 percent Y-o-Y) to Rs. 507.9 crore, according to Arihant Capital.
Earnings before interest, tax, (EBIT) are likely to rise by 16 percent Q-o-Q (up 46 percent Y-o-Y) to Rs. 65.1 crore.
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