Tech Mahindra Q2 PAT may dip 11.4% QoQ to Rs. 707.7 cr: Kotak

Kotak has come out with its second quarter (July-September) earnings estimates for the Technology sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 707.7 crore down 11.4% quarter-on-quarter (up 14% year-on-year).

Net Sales are expected to increase by 3.7 percent Q-o-Q (up 6.1 percent Y-o-Y) to Rs. 7604.3 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 13 percent Q-o-Q (down 1.3 percent Y-o-Y) to Rs. 1056.5 crore.

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