Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Cyient to report net profit at Rs. 100 crore down 34.7% quarter-on-quarter (down 12.5% year-on-year).
Net Sales are expected to increase by 4.4 percent Q-o-Q (up 16.5 percent Y-o-Y) to Rs. 1,230 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.2 percent Q-o-Q (up 3 percent Y-o-Y) to Rs. 140 crore.
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