Prabhudas Lilladher has come out with its second quarter (July-September’ 19) earnings estimates for the IT sector. The brokerage house expects Mindtree to report net profit at Rs. 139.3 crore up 50.3% quarter-on-quarter (down 32.5% year-on-year).
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 7.6 percent Y-o-Y) to Rs. 1,888 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.1 percent Q-o-Q (down 16.7 percent Y-o-Y) to Rs. 224.7 crore.
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