2026-03-16 02:06:45
Latest Post
P N Gadgil Jewellers Ltd opens new store at Bhediyagarh, UP
Data Patterns India Ltd receives contract worth Rs. 288 crores
Adani Power Receives LoA from MSEDCL for 1,600 MW Long-Term Power Supply
Airfloa Rail Technology Ltd receives order worth Rs. 62.36 crores
PNGS Reva Diamond Jewellery Ltd opens new stoer at Kothrud, Pune
Research
IT - 3Q a weak quarter, expect moderate volume growth to aid revenues - Angel Broking
Posted On : 2014-01-05 04:17:22( TIMEZONE : IST )
Our coverage IT companies are expected to continue posting a robust performance with earnings growth estimated at 29.4% yoy. Sequentially we expect earnings to witness a modest growth of 3.2% qoq as 3Q is traditionally a weak quarter for IT companies. We expect revenue growth during the quarter to be largely volume driven and pricing to remain stable. For 3QFY2014, volume growth is expected to be in the range of 2.0-3.4% qoq for tier-I IT companies and we expect TCS to continue to lead the pack. In INR terms, revenue growth is expected to be in the range of 1.0-3.0% qoq for tier-I IT companies. We expect our coverage IT companies to witness a marginal decline on the operating margin front, ie by about 10bp qoq, due to slight sequential INR appreciation and with volume growth expected to be relatively moderate during the quarter.
