Tech M Q3 PAT seen up 7.9% QoQ to Rs. 1,444 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects Tech M to report net profit at Rs. 1,444 crore up 7.9% quarter-on-quarter (up 10.2% year-on-year).

Net Sales are expected to increase by 5.4 percent Q-o-Q (up 18.9 percent Y-o-Y) to Rs. 11,466.8 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.2 percent Q-o-Q (up 15 percent Y-o-Y) to Rs. 2,179.1 crore.

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