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Apr 26, 2012, 07.02 PM IST
Software services provider Hexaware Technologies is expected to report degrowth of 9.1% quarter-on-quarter in its profit after tax of Rs 80 crore in the first quarter of calendar year 2012, according to CNBC-TV18 poll. Profit in the October-December quarter 2011 stood at Rs 88 crore.
EBITDA too is seen falling at Rs 98 crore from Rs 99.4 crore quarter-on-quarter and EBITDA margin is likely to be at 22.3% versus 23%.
However, revenues are expected to up by 1.87% to Rs 440 crore in the January-March quarter 2012 from Rs 431.9 crore in the previous quarter.
In dollar terms, revenues are seen going up by 4.4% to USD 87.8 million versus USD 84.1 million during the same period. (Company had given guidance of USD 87.5 million, up 4%)
Dollar revenues beat on guidance despite cross currency headwinds (Tier 1 HCL and TCS at around 2.5%)
Margin slightly lower by 70 bps due to rupee appreciation.
There are at least two levers that management targets.
Forex loss to be present this quarter as well
Tags: Hexaware Technologies Q1
May 23 2013, 10:43
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May 23 2013, 09:33
- in Technicals