ECONOMY

L&T Infotech Q1 Review – Making The Right Move For Talent War: 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 of $470.2 million, up 5.1% QoQ U.S. dollar above our and consensus estimates (our estimate: 4%, consensus: 3.5%).

Growth was broad-based across verticals led by banking and financial services (up 9.9% QoQ U.S. dollar) and hi-tech and media (up 13.1% QoQ U.S. dollar).

Insurance vertical is recovering aided by recent large deal wins and new leadership.

L&T Infotech did not announce large deal total contract value this quarter but management mentioned that demand for digital transformation is significantly higher versus pre-pandemic period.

We believe that growth momentum will be maintained and won’t be impacted by volatility of large deal wins.

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Infotech Q1FY22 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.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button