Net Sales are expected to increase by 2.8 percent Q-o-Q (up 15.7 percent Y-o-Y) to Rs. 22,138.5 crore, according to Kotak.
Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the IT Services sector. The brokerage house expects Infosys to report net profit at Rs. 3,630.6 crore down 11% quarter-on-quarter (up 0.5% year-on-year).
Net Sales are expected to increase by 2.8 percent Q-o-Q (up 15.7 percent Y-o-Y) to Rs. 22,138.5 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.8 percent Q-o-Q (down 1 percent Y-o-Y) to Rs. 4,490.9 crore.
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