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Prabhudas Lilladher expects Tech Mahindra to report a 5.8 percent growth quarter-on-quarter (rise of 18 percent year-on-year) in net profit at Rs399.2 crore.
Motilal Oswal expects Tech Mahindra to report a 1.4 percent growth quarter-on-quarter (rise of 13 percent year-on-year) in net profit at Rs382.5 crore.
IT analyst Rumit Dugar said that one can look to play TCS, Infosys, Tech Mahindra using a three-pronged strategy.
Sandeep Shenoy of Anand Rathi is bullish on Tech Mahindra and expects the company to perform well ahead. He recommends buying Divis Labs on dips.
Major broking firms have maintained buy/hold rating on Tech Mahindra post fourth quarter results. The company managed to beat street expectations and delivered healthy growth in topline as well as the bottomline.
Tech Mahindra has posted good Q4 numbers, with revenue for the fourth quarter up 6.5% to Rs 1,907 crore, and profit growth at 36.8%. The management says the need for telecom has grown and diversified and a number of devices are in the market, creating an insatiable demand for data.
Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
Tech Mahindra today reported third quarter results beating street expectations on almost all count. Net profit fell nearly 7 percent quarter-on-quarter to Rs 275.8 crore but beat analysts' estimates.
Software services provider Tech Mahindra, a part of Mahindra & Mahindra group, is set to declare its third quarter numbers on Wednesday. Analysts on an average expect profit after tax (pre Satyam) of the company to grow by 13 percent quarter-on-quarter to Rs 201 crore in December quarter, according to CNBC-TV18 poll.
Prabhudas Lilladher has come out with its earnings estimates on Information Technology sector for December quarter FY13. The research firm expects, Infosys – FY13 USD organic revenue guidance likely to be revised downward by ~1.5 percentage point.
Motilal Oswal has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect EBIT margin contraction of 20-150bp across tier-I and 80-430bp across tier-II companies.
Angel Broking has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect volume growth to be in the range of 2-3% qoq for tier-I IT companies, with TCS leading the pack. Pricing is expected to remain stable. For tier-II companies, we expect growth to be modest at 1.0-8.0% qoq, with Tech.
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.
Tech Mahindra's second quarter consolidated net profit rose 23 percent year-on-year to Rs 296 crore, helped by new deal wins and acquisitions.
In an interview to CNBC-TV18's Kritika Saxena, the management, including chief financial officer Sonjoy Anand and executive vice chairman Vineet Nayyar, spoke about the Q2 results.
Tech Mahindra's profit after tax (including Satyam wherein company holds 42.7% stake) is expected to go down to Rs 272.7 crore in the quarter ended September 2012 from Rs 338 crore in the previous quarter. Even its profit after tax (excluding Satyam) is likely to fall by 18 percent to Rs 154 crore from Rs 188 crore during the same period.
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.
Angel Broking has come with its September ‘12 quarterly earning estimates for IT sector. According to the research firm expects 2QFY2013 to be better than 1QFY2013.
Dolat Capital has come with its September`12 quarterly earning estimates for IT sector. The research firm expects stocks in their coverage universe to report 3-5% sequential growth in constant currency revenues with some notable exceptions (Infy/Wipro – both consolidating their priorities).
July-September is normally a seasonally strong quarter for software service providers. However, this time around most companies are likely to report muted growth given tighter budget spends amid continued uncertainties in the global macro-economic environment.
Despite the turbulence, Tech Mahindra continues to be bullish on Europe.
Software services exporter Tech Mahindra's EBITDA margin is expected to increase by 230 basis points QoQ to 19.16% in the first quarter of FY13.
Software services exporter Tech Mahindra is set to announce its first quarter numbers of financial year 2012-13 on Thursday. Analysts on an average expect reported profit after tax to grow by 2.7% quarter-on-quarter to Rs 310.73 crore.
Motilal Oswal has come with its earning estimates on IT sector for June the quarter. Acording to the research firm, currency benefits to reflect in margins at Wipro and HCL Tech.