Mahindra Satyam Q1 PAT seen at Rs 150 cr

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Mahindra Satyam Q1 PAT seen at Rs 150 cr

Mahindra Satyam is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1 USD revenues are seen up 4.6% at USD 318 million versus USD 304 million.

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ALSO READ News and Notices about Mahindra Satyam See interviews with Mahindra Satyam Management See what other Experts & Brokerages are saying about Mahindra Satyam See previous Results of Mahindra Satyam

Mahindra Satyam is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1 USD revenues are seen up 4.6% at USD 318 million versus USD 304 million.

Its rupee revenues are seen up 3.5% at Rs 1423 crore versus Rs 1375 crore.

The company's EBITDA is seen up at Rs 188 crore versus Rs 178 crore.

Its EBITDA is seen up at 13.2% versus 12.95%.

The company's PAT seen at Rs 150 crore versus loss of Rs 327 crore. (But Q4 was an extraordinary loss of $125m due to settlement of class action law suit)

Hence on a adjusted basis - PAT dn 38.8% at Rs 150 cr vs Rs 245 cr

Q1 highlights

Q1 $ rev growth seen up 4.6% (after growing 7.2% in Q1).

·          The company's confidence stems from increased participation in new deals, lifting of several customer embargoes, and potential for margin uptick from bulge improvement and better pricing

Margins seen slightly higher as compensation revision will impact Sep' 11 quarter margins

·          Co continues to reduce SG&A. For Satyam SG&A forming ~21% of revenue, vs. ~12-15% in case of most IT firms. Improvement in utilization (sub 70%), higher fresher's, efficiency in fixed price projects

·          Mgmt Commentary - Need 17-18 months to reach industry level margins

PAT to come lower due to lower other income and higher tax rate (on adjusted basis)

·          Other income at Rs cr vs 102.4 cr

·          Tax at Rs cr vs tax reversal of Rs 11.5 cr

Possibility of revision of FY12 hiring guidance. Guidance of 1729 for the yr