Prabhudas Lilladher has come out with its fourth quarter (January-March’ 21) earnings estimates for the IT sector. The brokerage house expects Cyient to report net profit at Rs 1,061.8 crore up 1.7% quarter-on-quarter (down 1.1% year-on-year).
Net Sales are expected to increase by 12.1 percent Q-o-Q (up 137.1 percent Y-o-Y) to Rs 106.9 crore, according to Prabhudas Lilladher
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.2 percent Q-o-Q (up 24.5 percent Y-o-Y) to Rs 172 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More