Motilal Oswal has come out with its second quarter (July-September’ 19) earnings estimates for the Technology sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 948.8 crore down 1.1% quarter-on-quarter (down 10.8% year-on-year).
Net Sales are expected to increase by 2.5 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs. 8,871.8 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.6 percent Q-o-Q (down 15.1 percent Y-o-Y) to Rs. 1,374.6 crore.
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