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.
Prabhudas Lilladher Report
We attended L&T Technology Services Ltd. investor and analyst meet in which management gave insights into company’s growth strategies and changing industry landscape.
Management aims to reach $1.5 billion annualised revenue run-rate by Q4 FY25 and $1 billion by Q2/Q3 FY23 implying ~18% growth over FY21-25E.
Strong guidance till FY25 reinforces our belief in sustenance of strong demand tailwinds for next three to five years.
We believe that the guidance is achievable given-
strong broad-based engineering research and development spending and expansion in addressable market size,
L&T Technology's focused bets on six strategic high growth areas,
increasing share of software and technology as compared to hardware in ER&D spends, and
investments in sales, large deals and talent pool.
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