Motilal Oswal has come out with its second quarter (July-September’ 19) earnings estimates for the Technology sector. The brokerage house expects Persistent Systems to report net profit at Rs. 76.4 crore down 7.4% quarter-on-quarter (down 13.4% year-on-year).
Net Sales are expected to increase by 4 percent Q-o-Q (up 3.6 percent Y-o-Y) to Rs. 865.6 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.5 percent Q-o-Q (down 20.1 percent Y-o-Y) to Rs. 114.8 crore.
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