Tech Mahindra - Q4FY13 Result Preview - Angel Broking

Tech Mahindra is slated to announce its 4QFY2013 results today. The company is expected to clock 3.3% qoq USD revenue growth, aided by the acquisitions of Hutchison Global services (HGS) and Comviva. In INR terms, revenues are expected to come in at Rs. 1,845cr, up 3.0% qoq. EBITDA margin is expected to inch up by 47bp qoq to 21.5%. PAT is expected to come in at Rs. 372cr, down 7% qoq.

Key things to watch out for: (1) outlook for business within top clients BT and AT&T, (2) Satyam merger timeline and (3) margin trajectory ahead.

We maintain our Buy rating on the stock with a target price of Rs. 1,180.

Source : Equity Bulls

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