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.
Motilal Oswal Report
In USD terms, revenue grew 18% YoY above our estimate of 16% growth in Q2FY22. Adjusted EBIT (excluding a M&A charge) rose 15% YoY (est. 13%) and APAT grew 19% (est. 19%).
P&L highlights
Revenue grew 6.1% QoQ to $385 million, above our estimate of 4.8%. In CC terms, revenue growth stood at 6.6% QoQ and 17.2% YoY.
EBIT margin (adjusted for an M&A charge) dipped 10 basis points QoQ to 15.8%, in line with our estimate of 15.8%. Reported EBIT stood at 15.1%.
Reported PAT was flat QoQ at Rs 3.6 billion. While PAT adjusted for a M&A charge grew by 5.2% QoQ and 19.5% YoY.
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