Infosys Q2 PAT seen up 4% at Rs 2377 cr: KRChoksey
KRChoksey has come out with its earnings estimates on Infosys for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 2% at Rs 9,851 crore, Quarter-0n-Quarter (QoQ) basis.
October 11, 2012 / 11:24 IST
KRChoksey has come out with its earnings estimates on Infosys for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 2% at Rs 9,851 crore, Quarter-0n-Quarter (QoQ) basis.
The company's net profit is seen up 4% % at Rs 2,377 crore, QoQ.- Volume growth expected to be 3.2% QoQ in constant currency terms; whereas we expect one time write off USD 15 mn in Q1 FY13 adversely impacting billing rate will nullify negative impact of billing discount given to couple of clients to retain contracts.
- Expect increase in margin supported by improvement in onsite utilization rate and one time visa cost incurred in Q1 FY13.
- Expect forex loss of Rs.18 crore in Q2 FY13E against forex loss of Rs.34 crore in Q1 FY13.
- Key factors to watch out for in the result is revision in revenue guidance (in USD terms) for FY13E, trend in billing rate, momentum in discretionary spend areas and quantum of wage hike.
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