Hexaware Q4 PAT seen up 8.4% to Rs 70 cr

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Hexaware Q4 PAT seen up 8.4% to Rs 70 cr

Hexaware Technologies is likely to report a profit after tax of Rs 70 crore in the fourth quarter of FY12, rising 8.4% as compared to Rs 64.7 crore in the previous quarter.

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Hexaware Technologies is likely to report a profit after tax of Rs 70 crore in the fourth quarter of FY12, rising 8.4% as compared to Rs 64.7 crore in the previous quarter. 

Revenues are seen going up by 14.7% to Rs 420 crore from Rs 366 crore quarter-on-quarter.

EBITDA is likely to jump at Rs 92 crore versus Rs 68.4 crore during the same period. EBITDA is expected to be at 21.9% versus 18.7% QoQ.

Q4 Highlights

- Dollar revenues will meet upper end of the guidance despite cross currency impact (around 100 basis points)

- Margins will continue to improve led by Re deprecation + higher offshore contribution + utilization increase
* EBITDA: Q3CY11 at 18.7%, Q2 CY11 at 15.3%, Q1CY11 at 14.3%, Q4 at 11.5%, Q3 at 8.5%

- PAT growth to be moderated as a forex loss is expected Vs profit of Rs 3.8 crore QoQ