KPIT Tech Q2 net seen down 9% at Rs 50 cr, $ revenue likely flat

During the period, its EBITDA may remain unchanged at Rs 85.5 crore while EBITDA percentage is likely to stand at 10.6 percent versus 10.6 percent.
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Oct 19, 2016, 04.42 PM | Source: Moneycontrol.com

KPIT Tech Q2 net seen down 9% at Rs 50 cr, $ revenue likely flat

During the period, its EBITDA may remain unchanged at Rs 85.5 crore while EBITDA percentage is likely to stand at 10.6 percent versus 10.6 percent.

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KPIT Tech Q2 net seen down 9% at Rs 50 cr, $ revenue likely flat

During the period, its EBITDA may remain unchanged at Rs 85.5 crore while EBITDA percentage is likely to stand at 10.6 percent versus 10.6 percent.

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KPIT Tech is expected to post net profit at Rs 50 crore, down 9 percent in July-September quarter from Rs 55 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, its dollar revenue may be marginally up 0.2 percent at USD 120 million compared to USD 119.78 million in year-ago period. In rupee terms, its revenue may be at Rs 805 crore against Rs 803.2 crore.

During the period, its EBITDA may remain unchanged at Rs 85.5 crore  while EBITDA percentage is likely to stand at 10.6 percent versus 10.6 percent.

The management has already guided for flattish second quarter as Q1FY17 was weak for the company with a dollar revenue growth down 3.5 percent and margins lower by 507 basis points. The management had said some growth would be visible during second half of the year after a weak Q1 and flattish Q2.

KPIT has guided for a gradual recovery in margins over the coming quarters. Analysts say company needs to trim subcontracting costs as well as work on increasing offshoring to improve margin trajectory.

 

 

 

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KPIT Tech Q2 net seen down 9% at Rs 50 cr, $ revenue likely flat

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