KPIT Technologies' net profit to post moderate growth in Q3
Shital Jibhe / 18 Jan 2017
KPIT Technologies, a company dealing with computer programming and consultancy services, is expected to post its Q3 results on Wednesday. According to known estimates, the company is likely to post its moderate rise in its net profit on the back of robust operational performance.
KPIT Technologies, a company dealing with computer programming and consultancy services, is expected to post its Q3 results on Wednesday. According to known estimates, the company is likely to post its moderate rise in its net profit on the back of robust operational performance.
However, its revenue may see muted growth. The Street forecasts its Rupee revenue increase to 0.5 per cent on a Quarter on Quarter (QoQ) basis to Rs 835 crore while KPIT's Dollar revenue is expected to increase from USD 123.43 million to USD 123.5 million. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to increase 9.4 per cent to Rs 100 crore and the company may see EBITDA margin expanding 100 bps to 12 per cent QoQ.
The reason behind Q3 numbers will be mainly in the wake of slack season and furloughs. The company, however, expects to post better numbers in Q4.
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