NIIT Tech Q1 PAT seen up 22% at Rs 56.3 cr
NIIT Technologies' profit after tax is likely to grow by 21.8% quarter-on-quarter to Rs 56.3 crore in the first quarter of FY13, according to CNBC-TV18 estimates.
July 18, 2012 / 17:53 IST
NIIT Technologies' profit after tax is likely to grow by 21.8% quarter-on-quarter to Rs 56.3 crore in the first quarter of FY13, according to CNBC-TV18 estimates.
Analysts on average expect company’s revenues to rise by 5.3% to Rs 467 crore during the same period.EBITDA is expected to be flat at Rs 74 crore during the quarter as against Rs 74.5 crore in the previous quarter, but EBITDA margin is seen declining at 15.86% versus 16.8%.Company saw ramp-downs in revenues from ING, which is one of its top 10 clients. EBITDA margin is seen lower sequentially as the impact of wage hikes (offshore: 8-10%, onsite: 2-4%) is only partly offset by the benefit of a falling rupee and greater offshoring at the Morris JV.Order inflows are strong. It has orders worth USD 243 million executable in FY13 (which is quite strong in this scenario).The company also has done well in terms of client addition with over 40% rise in USD 1 million plus clients to 61 in Q1FY13. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
