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    HomeNewsBusinessEarningsInfosys Q2 PAT seen up 1.8% to Rs 3498.3 cr: Kotak Sec.

    Infosys Q2 PAT seen up 1.8% to Rs 3498.3 cr: Kotak Sec.

    Net Sales are expected to increase by 2.2 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 17149.2 crore, according to Kotak Securities.

    October 12, 2016 / 17:32 IST

    Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Technology sector. The brokerage house expects Infosys to report net profit at Rs 3498.3 crore, up 1.8 percent quarter-on-quarter.

    Net Sales are expected to increase by 2.2 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 17149.2 crore, according to Kotak Securities.
    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.5 percent Q-o-Q (up 6.8 percent Y-o-Y) to Rs 4645.9 crore.

    Kotak Securities' report on InfosysWe expect c/c revenue growth of 3% and cross-currency headwind of 50 bps. We expect Infosys to cut c/c revenue growth guidance to 9-10% from 10.5-12% and maintain 24-26% EBIT margin band for FY2017E.We expect EBIT margin to improve 50 bps qoq on normalization of wage hikes and visa costs partly offset by cross-currency headwind.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 05:32 pm

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