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.
IDBI Capital Report
Larsen & Toubro Infotech Ltd.’s Q2 FY21 revenue growth of 2.3% QoQ in constant currency terms was in-line with our forecast.
However, Ebit margin improvement of 245 basis points QoQ to 19.9%, at a 22-quarter high, was a big beat.
Similarly, earnings per share of Rs 26.1, up 9.2% QoQ, up 26% YoY was a beat to our forecast.
The company has secured one large deal with net-new total contract of $40 million plus, lower than our expectation.
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