Last Updated : Jul 08, 2019 01:24 PM IST | Source: Moneycontrol.com

L&T Infotech Q1 PAT may dip 2.8% QoQ to Rs. 368.4 cr: Kotak

Net Sales are expected to decrease by 0.1 percent Q-o-Q (up 15.2 percent Y-o-Y) to Rs. 2,483.5 crore, according to Kotak.

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Larsen & Toubro Infotech MFs' holdings each quarter: Sep - 5.22%, June - 2.28%, March - 1.69% FIIs'holdings each quarter: Sep - 9.53%, June - 7.98%, March - 6.92%

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Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the IT Services sector. The brokerage house expects L&T Infotech to report net profit at Rs. 368.4 crore down 2.8% quarter-on-quarter (up 2% year-on-year).

Net Sales are expected to decrease by 0.1 percent Q-o-Q (up 15.2 percent Y-o-Y) to Rs. 2,483.5 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 11 percent Q-o-Q (up 2.6 percent Y-o-Y) to Rs. 391 crore.

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