According to CNBC-TV18 poll estimates, analysts expect profit after tax of NIIT Technologies to fall 15.5 percent sequentially to Rs 52.3 crore on likely increase in tax rate that was at 8 percent in Q4FY14 as against 25 percent Q3FY14.
NIIT Technologies , the software sevices provider, will announce its first quarter (April-June) earnings on Tuesday. According to CNBC-TV18 poll estimates, analysts expect profit after tax of the company to fall 15.5 percent sequentially to Rs 52.3 crore on likely increase in tax rate that was at 8 percent in Q4FY14 as against 25 percent Q3FY14.
Revenue growth is expected to be muted at 583.5 crore, down 0.8 percent compared to Rs 588.5 crore in previous quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) may decline to Rs 85.6 crore during April-June quarter from Rs 89 crore in January-March quarter.
EBITDA margin is likely to be at 14.67 percent versus 15.12 percent Q-o-Q with the headwinds of wage hikes and rupee appreciation to be offset by tailwinds of positive hedge delta Q-o-Q and ramp-up of the higher-margin Airport Authority of India (AAI) engagement.
"While there is likely to have been the benefit of AAI project milestone which got pushed from Q4 to Q1FY15, the company has been seen ramp-downs at some key North America focused clients," say analysts. In Q4, top five clients declined 4.5 percent sequentially driven by a tactical ramp down by a key US travel client.
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