Tech Mahindra Analyst Meet Update - Well Poised For Growth: IDBI 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..IDBI Capital Report.We attended the Tech Mahindra Ltd.’s analyst meet. The key highlight of the meet was that the company will focus on banking, financial services and insurance, manufacturing, hi-tech and healthcare segment within the enterprise division (60% of revenues). Tech Mahindra aspires to add ~$500-$600 million in each vertical. This would lead to addition of ~$2 billion to enterprise segment. This coupled with healthy growth in communications (40% of revenues), we expect the company to register double digit growth in overall revenues over next few years. Further, Tech Mahindra plans to achieve 15% margins in FY22E. In addition, the company aspires to further improve margins in coming years led by yield management, portfolio synergies and other operational efficiencies..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.

Tech Mahindra Analyst Meet Update - Well Poised For Growth: IDBI Capital

Tech Mahindra Analyst Meet Update - Well Poised For Growth: IDBI Capital

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