IT Sector Q4 Earnings - Yes It Is Double Digit, But Will It Be Low Or Mid-Teen? Nirmal Bang Preview
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IT Sector Q4 Earnings - Yes It Is Double Digit, But Will It Be Low Or Mid-Teen? Nirmal Bang Preview

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.

Nirmal Bang Report

In Q4 FY21, Nifty IT index (up 6.6%) outperformed Nifty (up 5.1%) by 150 basis points and Nifty Bank index (up 6.5%) by 10 basis points.

While Q3 FY21 results had surprised the street with multi-year best revenue growth (QoQ) in a seasonally weak quarter, margin expansion and sustained deal win momentum, we expect ramp-up of previously signed large deals to help the sector post another stellar Q4 FY21 (in relation to history).

We expect all IT companies to report a robust QoQ performance, led by healthy demand, sustained deal pipeline conversion, stable to positively biased pricing environment and meaningful cross currency gains.

Click on the attachment to read the full report:

Nirmal Bang Information Technology- March 2021 Quarter Result Preview - 9 April 2021.pdf

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