Tech Mahindra Q2 PAT seen up 10.2% QoQ to Rs. 1,246.5 cr: KR Choksey

KR Choksey has come out with its second quarter (July-September’ 22) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 1,246.5 crore up 10.2% quarter-on-quarter (down 6.9% year-on-year).

Net Sales are expected to increase by 3.4 percent Q-o-Q (up 20.8 percent Y-o-Y) to Rs. 13,144.7 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.2 percent Q-o-Q (down 11.5 percent Y-o-Y) to Rs. 1,461.8 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.