L&T Tech Q4 Review - Demand Is Intact: Prabhudas Lilladher
A person uses a laptop computer (Photographer: Andrey Rudakov/Bloomberg)

L&T Tech Q4 Review - Demand Is Intact: 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

L&T Technology Services Ltd. reported revenue at $197.5 million, 3.9% QoQ, in-line our estimates.

Growth was led by continued healthy demand momentum in plant engineering (up 9.7% QoQ U.S. dollar) and strong recovery in transportation (up 6.7% QoQ U.S. dollar.

Consistent improvement in Ebit margins led to pre-Covid-19 level of margins of 16.6% up 140 basis points QoQ in Q4 FY21, up 60 basis points higher than our estimates.

Management expects margin to sustain at pre-Covid-19 levels led by margin levers (utilization, offshore mix, pyramid, attrition) and scope to improve margins in telecom and hi-tech segment.

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Technology Services Q4FY21 Result Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.