IT Services Q3 Earnings Review - Lift-Shift-Transform: Prabhudas Lilladher 
A person uses a laptop computer (Photographer Andrey Rudakov/Bloomberg)

IT Services Q3 Earnings Review - Lift-Shift-Transform: Prabhudas Lilladher 

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

Tier-I IT companies posted healthy revenue growth of 5% QoQ U.S. dollar in a seasonally weak Q3.

Revenue growth was led by recovery in manufacturing and communication sectors, which underperformed in Q2.

Highlight of the quarter was margins remained either stable or expanded on top of sharp expansion in Q2, despite headwinds from wage hike in Q3.

We believe some of the margin tailwinds are structural in nature (offshore shift, pyramid reshaping etc.) and would continue to help India’s IT services in market share gains.

Pricing environment remained stable.

Click on the attachment to read the full report:

Prabhudas Lilladher IT Services Q3FY21 Earnings Review.pdf


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