NIFTY 50

Tech Mahindra Q2 Earnings: Profit likely to fall 3.5%

Updated : November 05, 2019 09:18:28 IST

Information Technology giant Tech Mahindra is all set to announce its second-quarter results on Tuesday. A recovery is likely for Tech Mahindra this quarter. Here's what to expect from the company today:

  • A dollar revenue growth of 1.6 percent is expected.
  • In constant currency terms, it should be a growth of 2.2-2.3 percent.
  • What will drive growth for them is the telecom vertical. It is expected to see a growth of close to about 3.5 percent while the enterprise business, which is the non-telecom or the non-communication vertical, will continue to be fairly muted.
  • The telecom growth is going to be driven by the large AT&T deal, which is estimated to be of a massive size of $800-900 million.
  • Margins will expand by about 70 basis points.
  • Profits, according to a CNBC-TV18 poll, is expected to be down 3.5 percent.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you