Tech Mahindra, one of the largest IT firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 24.
Tech Mahindra, one of the largest IT firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 24.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.6,999 crore, growing at 4.4% yoy and 14.4% on qoq basis.
Operating profit margin of the company is likely to be at 15.9%, a rise of 77 bps yoy but a drop of 100 bps qoq.
IIFL estimates the company’s net profit to be at Rs.746 crore, which constitutes a rise of 58% yoy but a decline of 1.7% qoq.
According to IIFL, notwithstanding the transient challenges faced in Communication vertical, Tech Mahindra is estimated to deliver an improved growth of 1.5‐2% qoq aided by healthy performance in Enterprise segment.
IT will experience mixed results; divergence on account of client/sector specific issues, ability to capitalize on increasing digital spends, success in client mining/acquisition and execution progress on large deals in hand. The reported dollar revenue growth would also be impacted marginally from the adverse cross currency movements during the quarter.
Other key quarterly results on May 24 include Adlabs Entertainment, Amara Raja, Asahi India Glass, Bajaj Finance, Cipla, Colgate, Dhanuka agritech, Greenply, Gujarat State Fertilizers & Chemicals, Jammu & Kashmir Bank, J Kumar InfraProject, Jubilant Life Sciences, MOIL, NCC, NRB Bearings, Page Industries, Redington India, Setco Automotive, Tata Global Beverages, and Wonderla.
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.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.6,999 crore, growing at 4.4% yoy and 14.4% on qoq basis.
Operating profit margin of the company is likely to be at 15.9%, a rise of 77 bps yoy but a drop of 100 bps qoq.
IIFL estimates the company’s net profit to be at Rs.746 crore, which constitutes a rise of 58% yoy but a decline of 1.7% qoq.
According to IIFL, notwithstanding the transient challenges faced in Communication vertical, Tech Mahindra is estimated to deliver an improved growth of 1.5‐2% qoq aided by healthy performance in Enterprise segment.
IT will experience mixed results; divergence on account of client/sector specific issues, ability to capitalize on increasing digital spends, success in client mining/acquisition and execution progress on large deals in hand. The reported dollar revenue growth would also be impacted marginally from the adverse cross currency movements during the quarter.
Other key quarterly results on May 24 include Adlabs Entertainment, Amara Raja, Asahi India Glass, Bajaj Finance, Cipla, Colgate, Dhanuka agritech, Greenply, Gujarat State Fertilizers & Chemicals, Jammu & Kashmir Bank, J Kumar InfraProject, Jubilant Life Sciences, MOIL, NCC, NRB Bearings, Page Industries, Redington India, Setco Automotive, Tata Global Beverages, and Wonderla.
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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