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L&T Infotech Q1 Review - Making The Right Move For Talent War: Prabhudas Lilladher

L&T Infotech Q1 Review - Making The Right Move For Talent War: Prabhudas Lilladher

A person types at a backlit keyboard. (Photographer: Chris Ratcliffe/Bloomberg)
A person types at a backlit keyboard. (Photographer: Chris Ratcliffe/Bloomberg)

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

Larsen and Toubro Infotech Ltd. reported revenue of $470.2 million, up 5.1% QoQ U.S. dollar above our and consensus estimates (our estimate: 4%, consensus: 3.5%).

Growth was broad-based across verticals led by banking and financial services (up 9.9% QoQ U.S. dollar) and hi-tech and media (up 13.1% QoQ U.S. dollar).

Insurance vertical is recovering aided by recent large deal wins and new leadership.

L&T Infotech did not announce large deal total contract value this quarter but management mentioned that demand for digital transformation is significantly higher versus pre-pandemic period.

We believe that growth momentum will be maintained and won’t be impacted by volatility of large deal wins.

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Infotech Q1FY22 Result Update.pdf

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