Patni Computer Q4 PAT seen up 55.7% at Rs 130 cr

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Patni Computer Q4 PAT seen up 55.7% at Rs 130 cr

Patni Computer Systems, a subsidiary of i-Gate Solutions, is likely to report a profit after tax of Rs 130 crore in the fourth quarter of CY11, a growth of 55.7% as compared to Rs 83.5 crore in the previous quarter.

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Patni Computer Systems , a subsidiary of i-Gate Solutions, is likely to report a profit after tax of Rs 130 crore in the fourth quarter of CY11, a growth of 55.7% as compared to Rs 83.5 crore in the previous quarter.

Revenues are seen going up by 5.8% to Rs 1,000 crore from Rs 945.3 crore quarter-on-quarter.

EBITDA is expected to be at 20.2% in quarter ended December CY12 versus 17.6% in an earlier quarter.

Highlights

- This quarter i-Gate had announced intention to delist Patni

- Margin benefit due to INR depreciation

- Last quarter results were strong

- Hedges of USD 397 million as on September 2011

- Expect tax rate of 15% for CY11, implies tax writeback in Q4, which could benefit profits