Tech Mahindra Q2 PAT may dip 1.3% QoQ to Rs. 1,335 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July-September’ 21) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 1,335 crore down 1.3% quarter-on-quarter (up 25.4% year-on-year).

Net Sales are expected to increase by 4.8 percent Q-o-Q (up 14 percent Y-o-Y) to Rs. 10,683.1 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.2 percent Q-o-Q (up 19.2 percent Y-o-Y) to Rs. 2,029.8 crore.

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