BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Infosys Ltd.'s Q2 FY21 results were a strong beat on U.S. dollar revenues, Ebit margin and profit after tax.
Led by strong Q2 FY21 beat, we raise Infosys U.S. dollar revenue growth assumptions to 3.7/13.1% (versus 2.4/12.5% modelled earlier).
Led by strong margin beat, we raise Ebit margin assumptions to 23.9/23.4/23.5% for FY21/FY22/FY23E (versus 22.2/22.4/22.7% earlier).
This leads us to raise earning per share estimates by 6.4/4.5/4% for FY21/FY22/FY23E.
We believe FY21 will be second consecutive year in which Infosys is outpacing Tata Consultany Services Ltd. in overall revenue growth (We model TCS U.S. dollar revenues to decline by 1.5% for FY21 versus 3.7% YoY U.S. dollar revenue growth of Infosys).
Click on the attachment to read the full report:
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 brokerage 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
