L&T Infotech Q3 Review - Result Beat, Confident On Demand Sustenance Over FY22-24: 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 9.2% QoQ in constant currency terms (our estimate: 6.5%) led by broad-based traction across verticals and 2% pass-thru revenue from manufacturing vertical. Ebit margin stood at 17.9% (our estimate: 17.2%) led by operating efficiency and growth benefit of 40 basis points and 30 bps from forex.Total contract value wins for Q3 was modest at $32 million (one large deal with new pharma client in North America) but L&T Infotech do not see that as any hindrance to its leader quadrant growth for FY22 as it believes that it is getting significant traction from participating in transformation journeys of their clients which results in small projects..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 - Result Beat, Confident On Demand Sustenance Over FY22-24: Dolat Capital

L&T Infotech Q3 Review - Result Beat, Confident On Demand Sustenance Over FY22-24: Dolat Capital

Choose a plan