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Smallcap IT company NIIT Technologies is expected to report a loss of Rs 14.5 crore for the quarter ended March against profit of Rs 48.2 crore in December quarter, according to a CNBC-TV18 poll.
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According to Sudhir Chaturvedi COO, NIIT Technologies margins for the company are on an upward trend on back of good order intake, especially from US market business.
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While JM Financial is incrementally positive on Infosys stock, it will still wait for one or two more quarters of performance from the company before upgrading it to a buy.
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According to CNBC-TV18 poll estimates, profit after tax is expected to rise 7.6 percent quarter-on-quarter to Rs 46.5 crore and revenue to increase 1.1 percent to Rs 584 crore in the quarter ended September 2014.
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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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The company's revenue rose 8.4 percent (up 17.4 percent Y-o-Y) to Rs 587.3 crore during September quarter from Rs 541.9 crore in June quarter, led by strong growth in US.
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Analysts on an average expect revenues to increase 9.3 percent to Rs 592.5 crore in September quarter from Rs 541.9 crore in June quarter. Earnings before interest and tax may jump 77 basis points sequentially to 15.2 percent in second quarter.
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Arvind Thakur, CEO, NIIT Technologies says, in an interview to CNBC-TV18, that though margins saw a dip in the first quarter due to an increase in wages, he expects margins to improve as the volumes increase over the following quarters.
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Pratibha Advani, CFO, NIIT Tech says the company has USD 263 million worth of executable orders over the next twelve months.
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Arvind Thakur, CEO, NIIT Technologies says, in an interview to CNBC-TV18, that the dip in Q1 margins is normal and that the level of orders and revenues is high.
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NIIT Technologies' operating profit is likely to fall by 10.3 percent quarter-on-quarter to Rs 79.3 crore and operating profit margin is seen declining 210 basis points Q-o-Q to 14.3 percent during first quarter of FY14.
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NIIT Technologies CFO Pratibha Advani says that the overall results of the company have been good in Q4 and expects margins to expand further on the back of large deal wins.
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Net profit of NIIT Technologies‘ rose 30 percent quarter-on-quarter. It rose to Rs 56 crore in the third quarter of current financial year 2012-13, but with that year-on-year the net profit declined 12.5 percent.
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Infosys will kick start IT industry earnings for Oct-Dec this week, a seasonally weak quarter for the sector. This time the weakness will be more evident due to the overall slowdown in client spends and the impact of Hurricane Sandy that hit in November.
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As the earnings season progresses, Bhavin Shah, CEO of Equirus Securities picks the big hits and misses after the Q2 results. According to Shah, Exide was a big miss and they have a short rating on the stock with a target price of Rs 129
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In an interview with CNBC-TV18, Rajendra S Pawar, Chairman of NIIT Tech said the order intake was very good this quarter and has led to a growth in topline.
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NIIT Technologies' profit after tax is likely to go down by 17.8 percent to Rs 48.3 crore in the quarter ended September 2012 from Rs 58.8 crore in the previous quarter.
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Emkay Global Financial Services expect a an inline Q2 quarter from our Tier I IT services coverage universe with marginal cross currency gains (20-30 bps QoQ benefit) driving a 2.2-4.1% QoQ US$ revenue growth with Wipro at the lower end (+2.2% QoQ) and TCS (+4.1% QoQ) at the upper end.
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Rajendra Pawar, NIIT Tech says, in terms of order intake, it was another good quarter, USD 83 million. "The order executable over the next 12 months is USD 240 million, 20% higher than what it was the same period last year."
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Analysts on average expect NIIT Technologies' revenues to rise by 5.3% to Rs 467 crore in the first quarter of FY13.
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NIIT Technologies' profit after tax is likely to grow by 21.8% quarter-on-quarter to Rs 56.3 crore in the first quarter of FY13, according to CNBC-TV18 estimates.
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Emkay Global Financial Services has come with its earning estimates on IT sector for June quarter. The research firm expect a subdued quarter from our Tier I IT services coverage universe with cross currency moves (100-150 bps QoQ adverse impact) driving further weakness in US$ revenue growth.
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Emkay Global Financial Services has come out with its March quarterly earning estimates for IT sector.
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In an interview with CNBC-TV18’s Sonia Shenoy, Arvind Thakur, CEO, NIIT Technology said, the company has had a good overall performance. He expects margins to improve, going forward, in the GIS business.
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Sharekhan has come out with its earning estimates on IT sector for the quarter ended June 2011. According to the research firm, NIIT Tech June quarter net sales expected to go up by 11.6% at Rs 325 crore, year-on-year, (YoY) basis.
