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 and Toubro Infotech Ltd.’s Q4 FY21 revenue growth of 4.4% quarter-on-quarter in constant currency was in-line with our forecast.
Ebit margin of 19.4%, down 125 basis points, was higher than our forecast.
Earnings per share of Rs 31.2, up 5.1%/up 27.3% QoQ/YoY, was even bigger beat to our forecast.
In Q4 FY21, the company has secured two large deals with net-new total contract of $66 million taking the FY21 TCV to a new-high of $404 million.
It has added two more Fortune 500 client taking the total to 71.
The company confirmed that the deal-pipeline remains strong.
It expects to remain in leaders quadrant as regards revenue growth in FY22.
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