Tech Mahindra, which will report its March quarter earnings later in the day, was the top Nifty loser in early trade. India's fifth largest IT outsourcer is likely to post a 10 per cent sequential drop in net profit for the January to March period, according to analysts polled by NDTV.
Tech Mahindra's revenue is seen rising nearly 7 per cent quarter-on-quarter to Rs 6,142 crore, according to estimates, while EBITDA (or gross profit) is seen edging up to 1,087 crore as against Rs 1,059 crore in the December quarter.
Tech Mahindra is likely to post total revenues of $995 million in the March quarter, but the number to closely track will be the organic growth in dollar revenues in constant currency.
According to estimates, Tech Mahindra is likely to post just 0.3 per cent sequential growth in dollar revenue (cc), which will be much lower than its peers. TCS had reported a 1.6 per cent sequential growth in dollar revenues, HCL Tech grew at 2.7 per cent and Wipro posted a 1.2 per cent growth. Only Infosys posted weaker number, with its dollar revenue (cc) falling 0.4 per cent in the March quarter.
Tech Mahindra's EBITDA margins are likely to edge lower at 17.7 per cent versus 20.16 per cent in the December quarter, which will be significantly less than its peers.
As of 09.36 a.m., Tech Mahindra shares traded 2.6 per cent lower at Rs 631.65, underperforming the broader IT index, which traded flat in a down market.
Tech Mahindra, which will report its March quarter earnings later in the day, was the top Nifty loser in early trade. India's fifth largest IT outsourcer is likely to post a 10 per cent sequential drop in net profit for the January to March period, according to analysts polled by NDTV.
Tech Mahindra's revenue is seen rising nearly 7 per cent quarter-on-quarter to Rs 6,142 crore, according to estimates, while EBITDA (or gross profit) is seen edging up to 1,087 crore as against Rs 1,059 crore in the December quarter.
Tech Mahindra is likely to post total revenues of $995 million in the March quarter, but the number to closely track will be the organic growth in dollar revenues in constant currency.
According to estimates, Tech Mahindra is likely to post just 0.3 per cent sequential growth in dollar revenue (cc), which will be much lower than its peers. TCS had reported a 1.6 per cent sequential growth in dollar revenues, HCL Tech grew at 2.7 per cent and Wipro posted a 1.2 per cent growth. Only Infosys posted weaker number, with its dollar revenue (cc) falling 0.4 per cent in the March quarter.
Tech Mahindra's EBITDA margins are likely to edge lower at 17.7 per cent versus 20.16 per cent in the December quarter, which will be significantly less than its peers.
As of 09.36 a.m., Tech Mahindra shares traded 2.6 per cent lower at Rs 631.65, underperforming the broader IT index, which traded flat in a down market.
Tech Mahindra, which will report its March quarter earnings later in the day, was the top Nifty loser in early trade. India's fifth largest IT outsourcer is likely to post a 10 per cent sequential drop in net profit for the January to March period, according to analysts polled by NDTV.
Tech Mahindra's revenue is seen rising nearly 7 per cent quarter-on-quarter to Rs 6,142 crore, according to estimates, while EBITDA (or gross profit) is seen edging up to 1,087 crore as against Rs 1,059 crore in the December quarter.
Tech Mahindra is likely to post total revenues of $995 million in the March quarter, but the number to closely track will be the organic growth in dollar revenues in constant currency.
According to estimates, Tech Mahindra is likely to post just 0.3 per cent sequential growth in dollar revenue (cc), which will be much lower than its peers. TCS had reported a 1.6 per cent sequential growth in dollar revenues, HCL Tech grew at 2.7 per cent and Wipro posted a 1.2 per cent growth. Only Infosys posted weaker number, with its dollar revenue (cc) falling 0.4 per cent in the March quarter.
Tech Mahindra's EBITDA margins are likely to edge lower at 17.7 per cent versus 20.16 per cent in the December quarter, which will be significantly less than its peers.
As of 09.36 a.m., Tech Mahindra shares traded 2.6 per cent lower at Rs 631.65, underperforming the broader IT index, which traded flat in a down market.
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