KRChoksey has come out with its fourth quarter (January-March’ 21) earnings estimates for the IT sector. The brokerage house expects Sonata Software to report net profit at Rs 66.6 crore up 23.7% quarter-on-quarter (up 7.7% year-on-year).
Net Sales are expected to decrease by 25.8 percent Q-o-Q (up 11.6 percent Y-o-Y) to Rs 1,036.3 crore, according to KRChoksey.
Earnings before interest and tax (EBIT) are likely to fall by 7.7 percent Q-o-Q (up 26.4 percent Y-o-Y) to Rs 93.3 crore.
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