ECONOMY

L&T Infotech Q4 Review – All Set For Much Stronger Growth In FY22: IDBI Capital

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Larsen and Toubro Infotech Ltd.’s Q4 FY21 revenue growth of 4.4% quarter-on-quarter in constant currency was in-line with our forecast.

Ebit margin of 19.4%, down 125 basis points, was higher than our forecast.

Earnings per share of Rs 31.2, up 5.1%/up 27.3% QoQ/YoY, was even bigger beat to our forecast.

In Q4 FY21, the company has secured two large deals with net-new total contract value of $66 million taking the FY21 TCV to a new-high of $404 million.

  • It has added two more Fortune 500 client taking the total to 71.

  • The company confirmed that the deal-pipeline remains strong.

  • It expects to remain in leaders quadrant as regards revenue growth in FY22.

Click on the attachment to read the full report:

IDBI Capital L&T Infotech Q4FY21 Result Update.pdf

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