NIIT Tech Q2 PAT seen down 18% to Rs 48 cr
NIIT Technologies' profit after tax is likely to go down by 17.8 percent to Rs 48.3 crore in the quarter ended September 2012 from Rs 58.8 crore in the previous quarter.
October 16, 2012 / 12:33 IST
NIIT Technologies' profit after tax is likely to go down by 17.8 percent to Rs 48.3 crore in the quarter ended September 2012 from Rs 58.8 crore in the previous quarter.
Analysts on an average expect the company to report a foreign exchange loss of around Rs 12 crore in the quarter gone by as against forex gain of Rs 5.4 crore in previous quarter.Revenues are expected to grow by 6.7% to Rs 501 crore from Rs 469.6 crore and (in dollar terms) are seen going up by 3.41 percent to USD 91 million during the same period.Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to be increased at Rs 83 crore from Rs 75.1 crore and EBITDA margin is seen going up by 50 basis points QoQ to 16.5% in the second quarter of FY13.In the last quarter, the company's fresh order intake was USD 83 million. In July in an interview with CNBC-TV18, Rajendra Pawar of NIIT Tech says, "The order executable over the next 12 months is USD 240 million, 20% higher than what it was the same period last year." 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!
