IIFL estimates that the company’s net revenues are likely to surge to Rs. 1,283 crore, growing at 40.1% yoy and 5.6% qoq.
Mindtree Ltd, one of India’s largest information technology services providers, will announce its financial results on April 18 for the fourth quarter ended March 31, 2016.
IIFL estimates that the company’s net revenues are likely to surge to Rs. 1,283 crore, growing at 40.1% yoy and 5.6% qoq.
As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to go up to Rs. 155 crore, growing at 20.5% yoy and 3.1% qoq.
Operating Profit Margin is likely to be at 17.5%, with a yoy fall of 204 bps.
According to IIFL, given material depreciation in the rupee versus the dollar on average basis and absence of one‐off costs (present in Q3 FY16 due to Chennai floods), the operating margin for most players would expand. However, the extent would be contingent on level of revenue growth and extraction of operational efficiencies.
Other key Q4 results on April 18 include LIC Housing Finance and TCS Ltd.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
IIFL estimates that the company’s net revenues are likely to surge to Rs. 1,283 crore, growing at 40.1% yoy and 5.6% qoq.
As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to go up to Rs. 155 crore, growing at 20.5% yoy and 3.1% qoq.
Operating Profit Margin is likely to be at 17.5%, with a yoy fall of 204 bps.
According to IIFL, given material depreciation in the rupee versus the dollar on average basis and absence of one‐off costs (present in Q3 FY16 due to Chennai floods), the operating margin for most players would expand. However, the extent would be contingent on level of revenue growth and extraction of operational efficiencies.
Other key Q4 results on April 18 include LIC Housing Finance and TCS Ltd.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
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