Infosys Q2 PAT may rise 13% at Rs 2679.5cr: ICICIdirect
According to ICICIdirect.com, Infosys may report a 12.9 percent growth quarter-on-quarter (growth of 13.1 percent year-on-year) in net profit at Rs 2679.5 crore.
October 10, 2013 / 18:06 IST
ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the technology sector. The brokerage house expects Infosys to report a 12.9 percent growth quarter-on-quarter (up 13.1 percent year-on-year) in net profit at Rs 2679.5 crore.
Revenues are expected to increase by 12.6 percent Q-o-Q (up 28.7 percent Y-o-Y) to Rs 12682.6 crore, according to ICICIdirect.com.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.1 percent Q-o-Q (up 18.7 percent Y-o-Y) to Rs 3404.6 crore.ICICIdirect.com's Report on InfosysUS dollar revenues could grow 2.6 percent Q-o-Q to USD 2,043 million led by timely ramp-ups in large deals while rupee revenues could grow 12.6 percent Q-o-Q. EBIT margins may improve 61 bps Q-o-Q led by rupee tailwinds but offset by wage hikes (250-300 bps). Investor interest: FY14E guidance revision, discretionary spending commentary, growth revival initiatives and top management attrition.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. 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!
