Tech Mahindra Q2 PAT seen up 12.4% QoQ to Rs. 1,280 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July - September’ 26) earnings estimates for the IT sector. The brokerage house expects Tech Mahindra to report net profit at Rs. 1,280 crore up 12.4% quarter-on-quarter (up 2.6% year-on-year).

Net Sales are expected to increase by 2.7 percent Q-o-Q (up 3 percent Y-o-Y) to Rs. 13,710 crore, according to Prabhudas Lilladher.

Earnings before interest and Taxes (EBIT) are likely to rise by 7.7 percent Q-o-Q (up 24.2 percent Y-o-Y) to Rs. 1,590 crore.

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