HDFC Securities: L&T Tech Q2 Review - Recovery Is Priced In 
A person uses a laptop computer (Photographer Andrey Rudakov/Bloomberg)

HDFC Securities: L&T Tech Q2 Review - Recovery Is Priced In 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

L&T Technology Services Ltd.’s Q2 print was slightly ahead of estimates, and the growth rebound (despite Q3 furlough uncertainty) is supported by a pick-up in deal activity (deal pipeline and wins higher by approximately 16% over the previous quarter).

While the company has a strong pedigree in engineering and research and development with a well-diversified service portfolio, factors such as business cyclicality, higher discretionary nature, and slower pace of large deal conversion result in sequential volatility.

Click on the attachment to read the full report:

HDFC Securities L&T Technology Services Q2FY21 Results Update.pdf


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 brokerage and do not represent the views of BloombergQuint.

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