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estimates: Pune-based IT firm KPIT Technologies is likely to report moderate growth in bottom line on account of strong operational performance but topline growth may be muted. Profit is seen rising 2.3 percent sequentially to Rs 57.5 crore in the quarter ended December 2016, according to average of estimates of analysts polled by
Revenue in rupee terms is likely to increase 0.5 percent quarter-on-quarter to Rs 835 crore and dollar revenue may rose to USD 123.5 million from USD 123.43 million. EBITDA (operating profit) may jump 9.4 percent to Rs 100 crore and margin may expand 100 basis points to 12 percent compared with previous quarter. Overall third quarter is expected to be soft mainly due to seasonal lower billing days and furloughs but Q4 is expected to be better than Q3.
11:00 am Market Check Benchmark
indices as well as broader markets extended gains in morning with the Nifty reclaiming 8450 level, supported by banking & financials, FMCG, auto, oil and infra stocks. The market digested speech by the UK Prime Minister Theresa May on Brexit plans. The 30-share BSE Sensex was up 165.80 points at 27401.46 and the 50-share NSE Nifty gained 56.20 points at 8454.20. The BSE Midcap and Smallcap indices, too, rose 0.6 percent each on strong breadth. About 1374 shares advanced against 523 declining shares on the BSE.
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