Software services provider NIIT Technologies will announce its third quarter (October-December) earnings today. According to CNBC-TV18 poll, analysts expect profit after tax to fall 13 percent quarter-on-quarter to Rs 54.3 crore due to lower other income.
In the second quarter, the company had seen higher profits due to a translation gain of Rs 15.5 crore on forex front. The currency has been flat during December quarter, hence translation gain/loss will be nil, believe analysts.
Revenues are expected to increase 0.6 percent sequentially to Rs 591 crore in the quarter ended December 2013.
Service revenues will be largely similar to second quarter (at 3 percent as against 2.8 percent growth in Q2) and hardware revenues are likely to be lower. However, this will be offset by lower hedge revenues which NIIT Tech accounts in its revenues, say analysts.
Earnings before interest, tax, depreciation and amortisation (EBITDA) may rise marginally to Rs 91 crore from Rs 88.6 crore and margin may expand 30 basis points Q-o-Q to 15.4 percent in the third quarter.
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