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Last Updated : Jan 18, 2017 09:13 AM IST | Source: CNBC-TV18

KPIT Tech Q3 profit seen up 2%, operational nos may be strong

Pune-based IT firm KPIT Technologies is likely to report moderate growth in bottomline on account of strong operational performance but topline growth may be muted.

 
 
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Pune-based IT firm KPIT Technologies is likely to report moderate growth in bottomline on account of strong operational performance but topline growth may be muted.


Profit is seen rising 2.3 percent sequentially to Rs 57.5 crore in the quarter ended December 2016, according to average of estimates of analysts polled by CNBC-TV18.


Revenue in rupee terms is likely to increase 0.5 percent quarter-on-quarter to Rs 835 crore and dollar revenue may rose to USD 123.5 million from USD 123.43 million.

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EBITDA (operating profit) may jump 9.4 percent to Rs 100 crore and margin may expand 100 basis points to 12 percent compared with previous quarter.


Overall third quarter is expected to be soft mainly due to seasonal lower billing days and furloughs but Q4 is expected to be better than Q3.


Even the company is confident of improving operational profitability from these levels, driven by growth, utilisation and non-billable cost.


In December 2016, KPIT entered into strategic partnership with German-based engineering services company MicroFuzzy for 9.3 million euro.



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First Published on Jan 18, 2017 09:13 am
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