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Tech Mahindra's rupee revenue during the quarter may increase 3 percent quarter-on-quarter to Rs 7,379.5 crore and dollar revenue is seen rising 2 percent to USD 1,094 million, according to average of estimates of analysts polled by CNBC-TV18. Constant currency dollar revenue growth may be 3 percent.
Net Sales are expected to increase by 2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 7317 crore, according to KR Choksey.
Net Sales are expected to increase by 2.7 percent Q-o-Q (up 9.9 percent Y-o-Y) to Rs 7363.2 crore, according to Motilal Oswal
CP Gurnani CEO of Tech Mahindra says business of the company grew all-round and Europe grew the most.
While the numbers have been in line with expectation, it has to be seen whether growth has come from outside telecom or not, said Ravi Menon of Elara Capital.
Software services provider Tech Mahindra's second quarter profit is likely to fall 12.5 percent sequentially to Rs 697 crore, according to analysts polled by CNBC-TV18.
Net Sales are expected to increase by 2 percent Q-o-Q (up 6.7 percent Y-o-Y) to Rs 7060.7 crore, according to Kotak Securities.
Net Sales are expected to increase by 2.3 percent Q-o-Q (up 7.1 percent Y-o-Y) to Rs 7082.8 crore, according to Motilal Oswal.
Speaking to CNBC-TV18, Ravi Menon of Elara Capital outlined his investment picks from the sector.
Vineet Nayyar, Vice Chairman of the company, said Brexit won't impact Tech Mahindra's performance in the long-term.
Prakash Diwan of prakashdiwan.in said the numbers were not as severe disappoint as was expected. However, the fall in margins was below estimates
Dollar revenue may increase 0.6 percent to USD 1,028.5 million in the quarter ended June 2016 compared with USD 1,022.6 million in preceding period.
Sales are expected to increase by 1.2 percent Q-o-Q (up 10.7 percent Y-o-Y) to Rs 6964.6 crore, according to Motilal Oswal
Sales are expected to decrease by 0.4 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 6855.7 crore, according to ICICIdirect.
Morgan Stanley has upgraded the stock to equal weight from neutral. It has a target price of Rs 530 per share as outlook for telecom business is improving, and worst in earnings downgrade cycle appears to have passed.
"Whatever happens, I think Indian technology companies are doing a great job. So, good or bad, our services would be required," says Vineet Nayyar Vice Chairman of Tech Mahindra.
Rupee revenue is likely to increase 1.9 percent to Rs 6,831 crore but dollar revenue may be flat at USD 1,014 million compared to preceding quarter.
Sarabjit Kour Nangra of Angel Broking said that she was disappointed with the guidance number as Wipro has made a few acquisitions and sees a sharp down trend in its stock on Thursday.
According to analysts polled by CNBC-TV18, Q3 may again be a soft quarter for the telecom vertical due to furloughs. It has relatively smaller presence in Chennai, the impact is likely to be in the range of 10-20 basis points (bps). • Cross currency headwind may be 50-60 bps.
Nomura feels overall USD revenue growth is likely decelerate to 8.5 percent Y-o-Y posting ninth straight quarter of deceleration from a peak of 15.4 percent Y-oY. Cross currency moves will again likely hit USD revenues by 30-60 bps across tier 1 IT companies.
CP Gurnani, MD & CEO expects headwinds in the second half of the year, but is positive of performing better than peers.
According to analysts polled by CNBC-TV18, revenue is likel8y to increase 4.5 percent quarter-on-quarter to Rs 6,578 crore and dollar revenue may climb 2.1 percent to USD 1,010 million. Constant currency growth in dollar revenue may be around 2.7-2.8 percent, which may be relatively better after two soft quarters.
In an interview to CNBC-TV18, Nischal Maheshwari, Co-Head, Institutional Equities & Head-Research at Edelweiss Securities shared his readings and outlook on the upcoming earning season.
IIFL analyst Sandeep Muthangi advises investors to add Infosys to their portfolios.
In an interview with CNBC-TV18, Tech Mahindra vice chairman Vineet Nayyar and CEO CP Gurnani spoke about the company's earnings, state of business and outlook going forward.