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
Larsen & Toubro Infotech Ltd. offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals.
LTI has 71 Fortune-500 clients with a presence in North America & Europe.
LTI has grown at 19% CAGR over FY17-22 with robust margins (>19%) Q4 FY22.
Results: Larsen & Toubro Infotech reported weak numbers.
Constant currency revenues increased 3.6% quarter-on-quarter.
EBIT margin contracted 60 bps QoQ to 17.3%.
Guided for 290 basis points QoQ EBIT margin contraction in Q1 FY23 on salary hikes.
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