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    HomeNewsBusinessEarningsHexaware Tech. Q2 PAT seen up 2.5% to Rs 102.3 cr: Kotak Sec.

    Hexaware Tech. Q2 PAT seen up 2.5% to Rs 102.3 cr: Kotak Sec.

    Net Sales are expected to increase by 2.8 percent Q-o-Q (up 9.3 percent Y-o-Y) to Rs 894.1 crore, according to Kotak Securities.

    October 12, 2016 / 17:28 IST

    Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Technology sector. The brokerage house expects Hexaware Technologies to report net profit at Rs 102.3 crore, up 2.5 percent quarter- on-quarter.

    Net Sales are expected to increase by 2.8 percent Q-o-Q (up 9.3 percent Y-o-Y) to Rs 894.1 crore, according to Kotak Securities.
    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.9 percent Q-o-Q (down 0.1 percent Y-o-Y) to Rs 145.9 crore.

    Kotak Securities' report on Hexaware TechnologiesWe expect robust 3% growth in US Dollar terms and cross-currency headwind of 20 bps. Growth will be driven by IMS and BPO.EBIT margin will recover by 70 bps led by (1) absence of visa costs (90-100 bps tailwind), (2) lower branding costs, (3) improvement in utilization and (4) partly offset by offshore wage hike (about 50 bps impact.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    first published: Oct 12, 2016 05:28 pm

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