Скачать или смотреть L&T Infotech posts strong Q2 results with beat on EBIT margins, stock jumps over 5% in trade

Mid-cap Indian IT company LTI reported strong Q2 results with record-high EBIT margins since listing. Q2 EBIT margins stood at 19.9% and expanded nearly 250bps QOQ. Revenue growth was healthy at 2.3% QOQ in CC terms. Net new Total contract value of deals was in excess of USD 40mn higher than Q1, but large deals remain weak as compared to over USD 300 mn in FY20. Growth led by BFS and Manufacturing segment which together contribute greater than 46% to total revenues.
 
Sanjay Jalona, CEO  & MD, LTI said, “We are also happy to announce a large deal with net new TCV in excess of USD 40mn in analytics. Our large deal pipeline remains strong and we see increased traction in digital, cloud and analytics space.”
 
Lets listen in to Poonam Saney to catch more about the results.

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