TeamLease Services | Company acquired additional 36.17 percent stake in School Guru Eduserve Private Limited, taking total stake to 76.37 percent. (Image: Moneycontrol)
Prabhudas Lilladher has come out with its fourth quarter (January-March’ 21) earnings estimates for the IT sector. The brokerage house expects TeamLease to report net profit at Rs 13,583 crore up 6.5% quarter-on-quarter (up 2.1% year-on-year).
Net Sales are expected to increase by 11 percent Q-o-Q (down 2 percent Y-o-Y) to Rs 261 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.5 percent Q-o-Q (up 36.2 percent Y-o-Y) to Rs 272 crore.
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