Mphasis is slated to announce its 2QFY2013 results today. We expect the company to record revenues of US$261mn, up 9.6% qoq, aided by revenues flowing from Digital Risk acquisition. In INR terms, revenues are expected to come in at Rs. 1,416cr, up 12.6% qoq. EBITDA margin is expected remain almost flat qoq at 18.6%. PAT is expected to be at Rs. 197cr.
We currently maintain our Neutral rating on the stock.
