HDFC Securities has come out with its first quarter (April-June�� 18) earnings estimates for the Technology sector. The brokerage house expects eClerx to report net profit at Rs. 69 crore up 7.2% quarter-on-quarter (down 13.3% year-on-year).
Net Sales are expected to increase by 4 percent Q-o-Q (up 12.7 percent Y-o-Y) to Rs. 375 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.9 percent Q-o-Q (down 7 percent Y-o-Y) to Rs. 93 crore.
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