Infosys Q1 net may fall 0.7% to Rs 2,377.5 cr: P Lilladher
Prabhudas Lilladher expects Infosys to report 0.7 percent growth quarter-on-quarter (growth of 4.7 percent year-on-year) in net profit at Rs 2,394 crore.
July 11, 2013 / 18:24 IST
Prabhudas Lilladher has come out with its first quarter (April-June) earnings estimates for technology sector. The brokerage house expects Infosys to report a 0.7 percent degrowth quarter-on-quarter (growth of 3.9 percent year-on-year) in net profit at Rs 2,377.5 crore.
Revenues are expected to increase by 4.7 percent Q-o-Q (13.8 percent Y-o-Y) to Rs 10,943.8 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.7 percent Q-o-Q (down 3.4 percent Y-o-Y) to Rs 2845.4 crore.Prabhudas Lilladher report on InfosysWe expect Infosys to report revenue growth of 4.7 percent in INR terms, with volume growth of 2.6 percent Q-o-Q for Q1FY14, along with realization erosion of 0.5 percent Q-o-Q. We expect cross-currency to have a negative impact of 0.9 percent Q-o-Q. We expect the margins to erode by 50bps for the quarter due to wage hike and project ramp-up, and pricing decline. We expect FY14 USD revenue guidance to be retained at 6-10 percent Y-o-Y. There is likelihood of some commentary on road-map for growth acceleration. 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!
