Cyient Q4 net seen down 23%, margin may drop 308 bps: Poll

Software firm Cyient is expected to post subdued growth in Q4 bottomline and operational front. According to a CNBC-TV18 poll, profit after tax is seen falling 22.6 percent sequentially to Rs 78 crore in the quarter ended March 2015.

After 5 straight quarters of a revenue beat (Q3 growth in dollar revenue was 3.5 percent with a 5.3 percent constant currency growth), Q4 may be muted quarter while organic dollar revenue growth may be negative.

Analysts say organic dollar revenue growth may be impacted by cross currency, lack of Softential revenues from a project that ended in the December-14 quarter, weakness in energy vertical.

Rupee revenue may increase 1.5 percent quarter-on-quarter to Rs 722.6 crore and dollar revenue is seen rising 1.4 percent to USD 116.3 million during the quarter due to 2 months integration of Rangsons Electronics.

Operating profit (EBITDA) is likely to be at Rs 95.2 crore during March quarter, down 17.7 percent compared to Rs 115.7 crore in December quarter and margin may decline 308 basis points to 13.17 percent during the quarter due to volume decline, currency and integration costs of Rangsons.