Prabhudas Lilladher has come out with its second quarter (July-September’ 19) earnings estimates for the IT sector. The brokerage house expects Mphasis to report net profit at Rs. 270.4 crore up 2.2% quarter-on-quarter (down 0.2% year-on-year).
Net Sales are expected to increase by 3.7 percent Q-o-Q (up 11.7 percent Y-o-Y) to Rs. 2,138.2 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to down by 8.5 percent Q-o-Q (up 2.9 percent Y-o-Y) to Rs. 342.6 crore.
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