IT Q3 Results Preview - Slow Growth, But Demand Outlook Seems To Be Improving: Anand Rathi

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Slow growth in banking, financial services and insurance /hitech, but demand outlook seems to be improvingQ3 is seasonally weak and there is no benefit in terms of sequential growth due to spillover of unspent budgets owing to weak H1. Higher furloughs were seen in BFSI/Hitech. Technology, media, and telecom remained weak for the quarter and has bottomed out.The total contract value is likely to remain steady for most companies, tracking last twelve months trendsBeyond the quarter, demand outlook appears to be improving for BFSI and hitech, but has weakened for retail consumer packaged goods and energy verticalsWe expect management commentary (for FY25) to turn incrementally positive..The top six companies are expected to report no growth QoQ and YoY on an aggregate basis, with gains in Tata Consultancy Services Ltd., HCLTech Ltd. and LTIMindtree Ltd. getting offset by declines in Wipro and Tech Mahindra Ltd. Within tier-I, HCLTech and LTIMindtree are expected to outperform peers with 4.4% and 1% QoQ growth - Latent View, Sonata Software and Intellect Design are expected to lead with 5.9%, 4.4% and 3.9% QoQ growth - Zensar Technologies and Wipro are likely to report significant QoQ declines of 3.2% and 2.4% - Auto engineering remains steady with KPIT Technologies and Tata Elxsi likely to report ~3% QOQ growth..Click on the attachment to read the full report:.PepsiCo Permitted To Apply For Patent Rights For Lay's Potato Variety.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Q3 Results Preview - Slow Growth, But Demand Outlook Seems To Be Improving: Anand Rathi

Slow growth in banking, financial services and insurance /Hitech, but demand outlook seems to be improving

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP