Larsen & Toubro Infotech - Top-Class Q3 Performance, Says IDBI Capital 
An attendee works on a laptop computer. (Photographer Aaron M. Sprecher/Bloomberg)

Larsen & Toubro Infotech - Top-Class Q3 Performance, Says IDBI Capital 

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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.

IDBI Capital Report

Larsen & Toubro Infotech Ltd.’s Q3 FY21 revenue growth of 5.3% QoQ in constant currency was slightly higher than our forecast.

Ebit margin improvement of 76 basis points QoQ to 20.6%, at a new high, was a beat. Similarly, earning per share of Rs 29.7, up 13.7%/ up 36.9% QoQ/YoY was a beat to our forecast.

The company has secured two large deals with net-new total contract value of $278 million plus. It has added one more Fortune 500 client taking the total to 69.

The company confirmed that the deal-pipeline remains strong.

Click on the attachment to read the full report:

IDBI Capital L&T Infotech Q3FY21 Result Update.pdf

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