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
Larsen and Toubro Infotech Ltd. reported revenue growth of 8.9% QoQ in constant currency terms (our estimate: 5.1%) led by strong performance in banking and financial services and manufacturing verticals (9.6% and 12.4% QoQ).
Operating profit margin stood at 17.2% (our estimate: 17.8%) led by decline in utilisation (down 210 basis points QoQ) and increased attrition (stood at 19.6% up 440 bps QoQ).
Announced interim dividend per share of Rs 15.
Total contract wins for Q2 was modest at $30 million but L&T Infotech do not see that as any hindrance to its leader quadrant growth for FY22 as it believes that it is getting significant traction from participating in transformation journeys of their clients which results in small projects on a continuous replenishment basis.
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 author entity 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