Prabhudas Lilladher has come out with its third quarter (October-December’ 18) earnings estimates for the Information Technology sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 1,189.3 crore up 10.4% quarter-on-quarter (up 26.1% year-on-year).
Net Sales are expected to increase by 3.4 percent Q-o-Q (up 14.8 percent Y-o-Y) to Rs. 8,923.7 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.4 percent Q-o-Q (up 36.3 percent Y-o-Y) to Rs. 1,722.3 crore.
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