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.
Dolat Capital Report
Tech Mahindra Ltd. reported revenue growth of 2.9% QoQ (our estimate 2.1%) led by strong growth in Hi-Tech/banking, financial services and insurance/retail vertical (14%/9.5%/7.5% QoQ).
Ebit margins improved by 410 basis points to 14.2% (our estimate 10.7%) led by easing of supply side factors (160 basis points), higher off-shoring, improved utilisation and lower sub-contracting (160 basis points) gain and savings on visa costs (70 basis points).
Total contract value signings were strong at $421 million up 45% QoQ, but still down 13% on trailing twelve month basis.
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.
