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:
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
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