L&T Infotech Q4 Review - Robust Revenue Growth Continues: ICICI Direct
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L&T Infotech Q4 Review - Robust Revenue Growth Continues: ICICI Direct

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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.

ICICI Direct Report

Larsen and Toubro Infotech Ltd. reported a healthy set of Q4 FY21 numbers constant currency dollar revenues increased 4.4% quarter-on-quarter (versus our estimate of 4.5% QoQ).

However, margins declined 133 basis points QoQ to 21.9% (versus our estimate of 21.5%).

Digital (approximately 46% of revenues) grew 7.5% QoQ, 22.3% year-on-year.

The company has also won two large deals with net new total contract value of $66 million.

The company declared a dividend of Rs 25 per share.

Click on the attachment to read the full report:

ICICI Direct L&T Infotech Q4FY21 Result Update.pdf

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