Can Tech Mahindra overcome its Q2 decline this Q3?
Analysts at Kotak Institutional Equities said, “We expect cross currency (c/c) revenue growth of 3.8% and cross currency headwind of 120 basis points. Acquisitions (Target Group) will contribute incremental $6 million for the quarter; organic revenue growth stands at 3.2% in c/c.”
Kotak estimates net profit of Tech Mahindra at Rs 728.4 crore down by 4.1% yoy and revenue at Rs 7,421.5 crore up by 10.8%. Photo: Official Website