L&T Infotech Q4 Review - Confident Of Top Quartile Growth: 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 4.4% quarter-on-quarter in constant currency terms (our estimate: 4.0%) led by strong performance in banking and financial services and hi-tech verticals (5.0% and 15.8% QoQ).
Operating profit margin stood at 19.4% (our estimate: 18.4%) led by decline in selling general and administrative expenses (down 10.7% QoQ) absence of certain costs.
Dividend declared at Rs 25 per share. Net new total contract value for Q4 was weak at $66 million but trailing twelve months TCV at $404 million is up 21.7% YoY.
The company remains confident of top quartile growth in FY22.
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.