Prabhudas Lilladher has come out with its fourth quarter (January-March) earnings estimates for the technology sector. The brokerage house expects Infosys to report a 0.8 percent degrowth quarter-on-quarter (growth of 7.7 percent year-on-year) in net profit at Rs 3223.2 crore.
Sales are expected to decrease by 0.1 percent Q-o-Q (up 7 percent Y-o-Y) to Rs 13781.5 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.2 percent Q-o-Q (up 7.3 percent Y-o-Y) to Rs 3906.6 crore.
Prabhudas Lilladher's Report on Infosys:
We expect Infosys to report revenue growth of 0.1 percent QoQ in USD terms, with volume growth of 2.7 percent QoQ and 2 percent lower realisation QoQ for Q4FY15, due to crosscurrency headwinds, margins to contract by 31bps due to promotions and bonus given during the quarter. We expect FY16 constant currency revenue guidance to be in the range of 7-9 percent YoY. We expect management’s commentary on capital allocation and new strategic initiatives by the company.
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