Mahindra Satyam Q2 PAT seen down 10.3% at Rs 202 cr

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Mahindra Satyam Q2 PAT seen down 10.3% at Rs 202 cr

Software services provider Mahindra Satyam is expected to post a profit after tax of Rs 202 crore in the second quarter of FY12, a fall of 10.3% as compared to Rs 225.2 crore in the previous quarter.

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Software services provider Mahindra Satyam is expected to post a profit after tax of Rs 202 crore in the second quarter of FY12, a fall of 10.3% as compared to Rs 225.2 crore in the previous quarter. 

Revenues are seen going up 6.34% to Rs 1,525 crore from Rs 1,434 crore during the same period.

EBITDA is likely to move up to Rs 231 crore from Rs 210 crore quarter-on-quarter.

EBITDA is expected to be at 15.15% in July-September quarter of FY12 versus 14.64% in the previous quarter.

Q2 highlights

Dollar revenues to be impacted by cross currency headwind of around 50-70 bps

See Margin improvement of around 50 bps (Q3FY11 margins at 6.5%, Q4 at 13%, Q1FY12 at 14.64%) due to rupee depreciation

Wage hikes were postponed from July 1st to October 1st - hence EBITDA margins impact of around 250- 300bp due to wage hikes (offshore 12%; onsite 2.5%) in next quarter

Reports that company is slowing down on hiring --- (indicator of demand situation)