Mindtree - Q1FY14 Result Preview - Angel Broking

MindTree is slated to announce its 1QFY2014 results today. We expect the company to post revenue of US$115mn, up 2.1% qoq. In rupee terms, the revenue is expected to come in at Rs. 657cr. EBITDA margin is expected to improve by 115bp qoq to 20.1%. PAT is expected to come in at Rs. 86cr.

Owing to recent run-up in the stock price, we maintain our Neutral rating on the stock.

Source : Equity Bulls

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