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.
ICICI Direct Report
Larsen & Toubro Infotech Ltd. reported a healthy set of Q2 FY21 numbers both on the revenues and margins front.
Constant currency dollar revenues increased 2.3% QoQ (above our estimate of 1.5% QoQ) while margins increased 279 basis points QoQ to 22.9% (above our estimate of 20.5%) mainly led by higher offshoring and increase in utilisation.
Digital (41% of revenues) grew 5.8% QoQ, 18.4% YoY. The company has also won a large deal with net new total contract in excess of 40 million U.S. dollar in analytics.
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