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.
Dolat Capital Report
As indicated in the Q3 earnings commentary and strong deal wins in CY21; Indian IT services vendors are likely to witness revenue growth of ~2.0%-5.0% QoQ in constant currency terms for Q4 FY21.
Growth will be led by ramp up of several large deal wins and consolidation of acquisitions for some players.
Growth commentary is likely to stay strong as evident from strong order bookings.
Profitability for the quarter is likely to decline for most names in our coverage as wage hikes starts and near peak utilization restricts supply side gains. Many players also indicated gradual normalization of discretionary, growth spends.
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