Tech Mahindra Q3 net profit seen up at Rs 176.77 cr
Mahindra & Mahindra group company Tech Mahindra is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its Q3 net profit is expected to go up at Rs 176.77 crore as against Rs 150.7 crore in previous quarter
January 21, 2011 / 10:05 IST
Mahindra & Mahindra group company Tech Mahindra is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its Q3 net profit is expected to go up at Rs 176.77 crore as against Rs 150.7 crore in previous quarter.
In dollar term, revenues are seen going down at USD 276.8 million versus USD 328.2 million and in rupee term, revenues are likely to be at Rs 1234.76 crore from Rs 1533.9 crore (QoQ).Earning before interest, depreciation, tax and amortisation (EBIDTA) is seen declining at Rs 260.6 crore from Rs 281.8 crore.Q3FY11 expectations
* Expect services revenue growth of 5% QoQ
* Sep 2010 quarter revenues included USD 63.5 million product resale revenues
* Expect 270 bps QoQ improvement in EBIDTA; Sep 2010 margins not representative of underlying service business margins on account of low-margin product resale revenues
* Expect forex losses of Rs 10 crore versus gain of Rs 5 crore
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