Mphasis – 3QFY2013 Result Preview - Angel Broking

Mphasis is slated to announce its 3QFY2013 results today. We expect the company to record revenues of US$272mn, up 2% qoq, aided by growth from direct channel business. Revenues from Digital Risk acquisition is expected to be around ~US$42mn. In INR terms, revenues are expected to come in at Rs. 1,525cr, up 9% qoq. EBITDA margin is expected to inch up by 84bp qoq to 18.0%. PAT is expected to be at Rs. 184cr.

We currently maintain our Accumulate rating on the stock with a target price of Rs. 450.

Source : Equity Bulls

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