Tech Mahindra Q4 Review - Margins Steady, Healthy Order Book: ICICI Direct
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ICICI Direct Report
Tech Mahindra Ltd.’s revenues increased 0.7% QoQ in constant currency terms mainly led by 1.1% QoQ growth in enterprise revenues.
The company also reported Ebitda margins improvement of 45 basis points QoQ to 20%.
The order book increased from $455 million to $1043 million, mainly led by robust growth in enterprise and communication segment.
The company aspires to have double digit revenue growth in FY22E based on deal wins and Ebit margins at 15%.
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