Tech Mahindra, a provider of digital transformation, consulting and business re-engineering, will announce its first quarter financial results today, Jul. 27, 2015.

Commenting on the quarterly results, Angel Broking said, ''The company is expected to post a dip of 0.1% qoq in USD revenues to USD 983 million V/s USD 984 million in 4QFY2015. The, company has already guided for a weaker 1QFY2016, on back of the weakness in Telecom and Energy domain. In rupee terms, the revenues are expected to come in at Rs 62.42 billion V/s Rs 61.17 billion in 4QFY2015, a qoq growth of 2.0%.

The EBDITA is expected to come in at 14.9% and EBIT is expected to be around 12.1%, registering a dip of 30bp and 24bps qoq respectively.

Consequently; the PAT is expected to come in at Rs 5.56 billion V/s Rs 4.72 billion in 4QFY2015 a growth of 17.9% qoq. We maintain our buy rating on the stock with a target price of Rs 646.''

Shares of the company gained Rs 8.75, or 1.71%, to trade at Rs 519.65. The total volume of shares traded was 288,318 at the BSE (1.12 p.m., Monday).