Infosys Q3 PAT seen down 7% at Rs 2203.8cr: Kotak
Kotak Securities has come out with its earnings estimates on Infosys for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 3.7% at Rs 10,223 crore, quarter-on-quarter (QoQ) basis.
January 09, 2013 / 13:59 IST
Kotak Securities has come out with its earnings estimates on Infosys for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 3.7% at Rs 10,223 crore, quarter-on-quarter (QoQ) basis.
The company's net profit is seen down 7% at Rs 2203.8 crore, QoQ.Kotak Securities report says, "We expect top-tier companies to report organic volume growth of about 2% - 3% QoQ. We understand that, apart from seasonality, delays in decision making have continued and also, the actual amount of spends as compared to budgets are relatively lower. Hurricane Sandy has probably resulted in shutdowns by some companies, further impacting revenue growth in 3Q. We will closely hear management comments on the potential order flows from USA as well as Europe, especially after the 'fiscal cliff' has been averted.""Infosys is expected to see a higher revenue growth because of consolidation of Lodestone revenues. While volumes are expected to grow QoQ, we expect realizations to be largely stable, subject to some cases of reductions. However, we will closely watch out for management comments on potential price reductions," 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!
