L&T Infotech Q3 Review - Confident Of Top-Quartile Growth In FY22 As Well: Dolat Capital
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.
Dolat Capital Report
Larsen and Toubro Infotech Ltd. reported revenue growth of 5.3% QoQ in constant currency terms (our estimate 4.3%) led by strong performance in banking financial service and manufacturing verticals (7.5% & 9.2% QoQ).
Operating profit margin improved by 80 basis points to 20.6% (our estimate 20.0%) led by higher utilization (up 60 basis points QoQ to 81.1%), higher share of off-shore revenue (approximately 230bps QoQ to 55.7% - as effort mix improves by 100bps to 81.6%).
The company is confident of achieving leader quadrant growth in FY22 as well despite strong base of high single digit growth in FY21 (implying mid double digit growth).
Click on the attachment to read the full report:
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 author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.