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Q1FY24 Preview LTIMindtree: Revenue seen at Rs. 87,688 million, PAT at Rs. 12,770 million

17 Jul 2023 , 06:41 AM

Result date: 17th July, 2023

Recommendation: Buy

Target price: Rs. 5,250

LTIMindtree could post revenue growth of 0.7% cc QoQ, owing to broad-based slowdown across verticals, combined with lower pass-through revenues. The company’s EBIT margins are likely to expand 60 basis points sequentially, on continued cost saving initiatives post-merger.

Analysts at IIFL Capital Services expect the company’s Profit After Tax (PAT) to grow 14.7% sequentially.

Important management insights to watch out for:

  • Deal wins highlighting revenue synergies
  • FY24 revenue and margin outlook
  • Commentary on cost synergies and easing supply side challenges
 

June 2023 estimates

QoQ change

YoY change

Revenue (US$ mn)

1,067

0.9%

8.9%

Revenue (Rs. mn)

87,688

0.9%

14.7%

EBIT (Rs. mn)

14,907

4.9%

12.3%

EBIT margin

17.0%

60 bps

(40) bps

Profit After Tax (Rs. mn)

12,770

14.7%

15.5%

EPS (Rs.)

43.1

14.7%

15.3%

Source: IIFL Research

Related Tags

  • LTIM
  • LTIM Q1
  • LTIMindtree
  • LTIMindtree Q1
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