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
Tech Mahindra Ltd.’s Q2 FY21 result was a beat to our forecast. Revenue grew by 2.9% QoQ in constant currency terms (up 4.8% QoQ in U.S. dollar terms).
Ebit margin improved by a whopping approximately 410 basis points QoQ to 14.2% (six quarter high) and was a big beat to our forecast.
Earning per share of Rs 12.2, up 9.4%/down 5.5% QoQ/YoY was also a beat.
In Q2 FY21, the company has secured large deals with total contract of 421 million U.S. dollar (207 million U.S. dollar in communications and 214 million U.S. dollar in enterprise business).
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR