Mphasis Q2 Result Preview: PAT likely to rise over 2%, margin may remain steady
The companys earnings before interest and taxes (EBIT) is estimated to be at Rs 510 crore for the second quarter of the current financial year, an increase of 2.2 per cent compared with the previous quarter, according to the research.
IT solutions provider Mphasis will announce its September quarter (Q2FY24) results on Thursday, October 19. Analysts widely expect the Bengaluru-based company to register mild growth in revenue while maintain its margin.
According to Zee Business research, Mphasis is likely to report a consolidated profit after tax (PAT) of Rs 405 crore for the quarter ended September 30, 2023, which translates to a quarter-on-quarter (QoQ) increase of 2.3 per cent.
The analysts expect the IT firm's revenue for the three-month period to grow 2.7 per cent sequentially to Rs 3,340 crore. They peg the company’s revenue growth in dollars at 1.8 per cent to $405 million and at 1.7 per cent in constant currency sequentially.
The company’s earnings before interest and taxes (EBIT) is estimated to be at Rs 510 crore for the second quarter of the current financial year, an increase of 2.2 per cent compared with the previous quarter, according to the research.
Zee Business analysts estimate the company's quarterly margin to remain unchanged at 15.3 per cent as the April-June period.
Analysts will look out for the Mphasis management’s commentary on the mortgage business, new deal wins and margin.
Mphasis share price: Past performance
Mphasis shares have grown seven per cent so far in 2023, in line with an 8.1 per cent rise in the headline Nifty index.
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