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Tech Mahindra Q1FY18: Result expectations

After TCS and Infosys reported their financial results for the quarter ended June 30, 2017, another major IT company, Tech Mahindra, which is owned by the Mahindra Group is going to announce its Q1FY18 result on Monday, July 31, 2017.

Here is the street expectation for the company’s Q1FY18:

Result Expectation: Tech Mahindra
Q1FY18 (Q-o-Q):
PAT likely to increase by 1.7% to Rs 598 crore.
EBITDA likely to rise by 2% to Rs 917.9 crore.
Net Sales expected to decline by 3.7% to Rs 7,215.9 crore.

The stock has lost around 22% in the past one year and 24% in the past six months. The company is virtually debt free and is currently trading at PE ratio of 12.94. It has given a dividend yield of 3.71% and has a book value of Rs 168.4 per share.

Stock View:

Tech Mahindra Ltd ended at Rs 383, up by Rs 2.9 or 0.76% from its previous closing of Rs 380.1 on the BSE.

The scrip opened at Rs 383 and touched a high and low of Rs 383 and Rs 383 respectively. A total of 2384(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 37086.19 crore.

The BSE group ‘A’ stock of face value Rs 5 touched a 52 week high of Rs 515.3 on 21-Feb-2017 and a 52 week low of Rs 357.6 on 29-May-2017. Last one week high and low of the scrip stood at Rs 400.25 and Rs 374.7 respectively.

The promoters holding in the company stood at 36.16 % while Institutions and Non-Institutions held 49.75 % and 14.04 % respectively.

The stock traded below its 200 DMA.