Tech Mahindra Q2FY19E Result Expectation
Tech Mahindra Consensus expectations for Q2FY19E:
Revenue – Rs8,614cr, up by 4.1% qoq aided by a pick-up in telecom vertical which will offset softness in the Enterprise vertical due to HCI ramp down.
EBIT – Rs1,211cr, up by 12.5% qoq.
EBIT margin – 14.1%, expansion of ~100bps aided INR depreciation, operational efficiencies and absence of visa cost.
PAT – Rs1,014cr, up by 12.9% qoq.
Q1FY19 performance highlights:
Revenue – Rs8,276cr, up by 2.8% qoq, as Enterprise business (non-telecom) continues to drive overall growth for the company. Enterprise business USD revenue was up 1.8% qoq.
EBIT – Rs1,076cr, down 3.3%.
EBIT Margin – 13%, down 82bps qoq.
PAT – Rs898cr, down 26.5% qoq.
Things to watch:
Demand outlook for telecom vertical.
Commentary on trajectory of deal wins.
Outlook for enterprise business and margin guidance.
Financial Advisory which means a lot to a Financial trader and we can do a best with your investments with all mandatory work skills subscribe us now and get two days Free Trial >> Bonaz Capital