BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Birlasoft Ltd. had a steady quarter both in growth and margins.
Total contract was flattish sequentially (on an last twelve months basis) but management commentary was positive regarding client engagements and on resumption of discretionary expenditure.
Healthcare, weak so far, on large deal achieving steady state, is likely to accelerate.
Manufacturing (up 9% QoQ), the largest vertical, grew fast, pulling up company growth.
Birlasoft lost ~1% on supply disruptions, likely to be recouped in Q2.
Margins are likely to inch up further in H2 from Q1, despite wage hikes in Q2.
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