Result expectations: Tech Mahindra Q1 FY18
DSIJ Intelligence / 31 Jul 2017
After TCS and Infosys reported their financial results for the quarter ended June 30, 2017, IT major Tech Mahindra is going to announce its Q1 FY18 result on July 31, 2017.
After TCS and Infosys reported their financial results for the quarter ended June 30, 2017, IT major Tech Mahindra is going to announce its Q1 FY18 result on July 31, 2017.
Following is the result expectation for the company’s Q1 FY18:
Q1 FY18 (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 over the last six months. The company is virtually debt-free and is currently trading at PE ratio of 12.94. It has dividend yield of 3.71% and book value of Rs 168.4 per share.
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