L&T Infotech Q3 Review - Industry-Leading Growth At Industry-Leading Valuations: Motilal Oswal

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..Motilal Oswal Report.L&T Infotech Ltd.’s Q3 FY21 U.S. dollar revenue growth of 5.3% QoQ constant currency (our estimate 4.0% QoQ CC) was broad-based, barring Insurance (down 0.6% QoQ) and energy and utilities (0.1% QoQ).The Q3 Ebit margin expansion of only 70 basis points QoQ (to 20.6%) – despite high improvement in utilisation (up 220 bps QoQ) and the offshore mix (up 100 bps QoQ) – was due to pass-through business and employee additions (1,500 plus).During the quarter, the company reported the highest ever total contract value of large deal wins of $278 million – inclusive of the earlier announced $204 million win with Injazat..Click on the attachment to read the full report:.DISCLAIMERThis 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.

L&T Infotech Q3 Review - Industry-Leading Growth At Industry-Leading Valuations: Motilal Oswal

L&T Infotech Q3 Review - Industry-Leading Growth At Industry-Leading Valuations: Motilal Oswal

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