L&T Infotech Q4 Review - Industry-Leading Growth: Prabhudas Lilladher
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L&T Infotech Q4 Review - Industry-Leading Growth: Prabhudas Lilladher

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 at $447.4 million, growth of 4.6% quarter-on-quarter U.S. dollar, slight miss on our estimate of 4.8% QoQ U.S. dollar.

Growth was broad-based led by hi-tech and media (up 16.4% QoQ U.S. dollar) due to faster ramp up in Injazat deal, followed by banking and financial services (up 4.9% QoQ U.S. dollar) and manufacturing (up 5.2% QoQ U.S. dollar).

Banking and financial services vertical is poised for strong growth given:

  1. Strong demand momentum from top client and

  2. Partnership with Temenos and success in leveraging Syncordis acquisition has strengthened the company’s position in core banking.

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Infotech Q4FY21 Result Review.pdf

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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.

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