Motilal Oswal has come out with its second quarter (July-September’ 19) earnings estimates for the Technology sector. The brokerage house expects Mindtree to report net profit at Rs. 179 crore up 40.1% quarter-on-quarter (down 13.2% year-on-year).
Net Sales are expected to increase by 4 percent Q-o-Q (up 8.7 percent Y-o-Y) to Rs. 1,907.3 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.8 percent Q-o-Q (down 3.9 percent Y-o-Y) to Rs. 259.2 crore.
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