Arihant Capital has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects Tata Consultancy Services to report net profit at Rs. 9,899 crore (up 14% year-on-year).
Net Sales are expected to increase by 4 percent Q-o-Q (up 16 percent Y-o-Y) to Rs. 48,611 crore, according to Arihant Capital.
Earnings before interest, tax, (EBIT) are likely to rise by 5 percent Q-o-Q (up 13.1 percent Y-o-Y) to Rs. 12,648 crore. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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