INSUBCONTINENT EXCLUSIVE:
later for the day.
The Anand Mahindra-led company is likely to post a 10-14 per cent year-on-year (YoY) drop in profit on a 1-1.5 per cent
rise in sales in constant currency (CC) terms
The numbers could be weighed by a recent deal win in communication vertical due to initial transaction expenses.
Commentary on 5G, outlook
for BFSI and healthcare in enterprise and deal wins will be keenly eyed.
Brokerage Sharekhan expects the company to log a 3.4 per cent YoY
Revenue growth will be driven by the telecom vertical, while revenue growth in the enterprise vertical would remain muted owing to softness
to improve by 59 bps QoQ on account of absence of wage hike, visa costs, improvement in margin profile of portfolio companies and rupee
But the benefits are expected to be offset by transition costs of large deal with AT-T.
On YoY basis, margins are expected to fall 300
Most of the incremental revenue is expected to come from growth in communication segment
Enterprise is expected to be muted in the near term (led by client-specific issues and macros distress in manufacturing segment)
brokerage sees EBIT margin at 12.2 per cent, up 70 bps QoQ off a low base.
At 9.45 am, the scrip was up 0.22 per cent at Rs 771.05 on BSE.
