KR Choksey has come out with its third quarter (October-December’ 20) earnings estimates for the IT sector. The brokerage house expects Sonata Software to report net profit at Rs. 59.1 crore up 18.5% quarter-on-quarter (down 22.1% year-on-year).
Net Sales are expected to increase by 12.8 percent Q-o-Q (down 13.1 percent Y-o-Y) to Rs. 1,074.4 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15 percent Q-o-Q (down 22.3 percent Y-o-Y) to Rs. 78.1 crore.
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