HDFC Securities has come out with its first quarter (April-June�� 18) earnings estimates for the Technology sector. The brokerage house expects Mindtree to report net profit at Rs. 150 crore down 11.8% quarter-on-quarter (up 60.7% year-on-year).
Net Sales are expected to increase by 7.4 percent Q-o-Q (up 21.9 percent Y-o-Y) to Rs. 1,572 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.8 percent Q-o-Q (up 61.2 percent Y-o-Y) to Rs. 231 crore.
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Read More First Published on Jul 18, 2018 12:30 pm
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