Tech Mahindra is slated to report its 4Q FY 2012 results. We expect the company to record 0.4% q o q (Quater on quater) growth in dollar revenue to US $ 29 crore, majorly led by volume growth. Revenue from BT account is expected to decline by 2% q o q and non-BT business is expected to post 1.7 % q o q growth.
EBITDA margin is expected to decline by 0.22% q o q to 16 %. PAT, excluding earnings from Mahindra Satyam, is expected to settle at Rs. 162 crore.
We maintain our Accumulate rating on the stock with a target price of Rs. 750.
Review By Angel Broking
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