HDFC Securities has come out with its first quarter (April-June�� 18) earnings estimates for the Technology sector. The brokerage house expects Intellect Design to report net profit at Rs. 20 crore down 22.8% quarter-on-quarter.
Net Sales are expected to increase by 3.5 percent Q-o-Q (up 31.8 percent Y-o-Y) to Rs. 318 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.7 percent Q-o-Q (up 62.6 percent Y-o-Y) to Rs. 26 crore.
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