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
Tech Mahindra Ltd.’s revenues increased 2.9% QoQ in constant currency terms (above our estimate of 1.1% QoQ in CC terms) mainly led by 0.8% QoQ growth in communication revenues and 4.3% QoQ growth in enterprise revenues.
The company also reported a healthy expansion in Ebitda margins (up 397 basis points QoQ to 18.2%) mainly led by higher utilisation, offshoring and rationalisation of selling general and administrative expenses.
The order book improved 45.2% QoQ to 421 million U.S. dollar.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.