3589.0000 21.20 (0.59%)
NSE May 21, 2025 15:31 PM
Volume: 1.6M
 

3589.00
0.59%
IDBI Capital
Larsen & Toubro Infotech's (LTI) Q4FY19 result was in-line with our forecast 1) revenue growth of 1.9% QoQ in CC vs. our forecast of 2.8% QoQ, 2) EBIT margin of 17.7% , -146bps QoQ vs. our forecast of -126bps QoQ. Revenue growth would have been higher but for the expected weakness in revenue from the top client. EPS of Rs21.9, +0.9%/+30% QoQ/YoY was in-line with our forecast. Digital solutions (37.9% of revenue) saw another quarter of strong growth +10.7%/+41.3% QoQ/YoY in US$. LTI now has 66 Fortune 500 clients, +3 QoQ. LTI has also secured 2 large deals in Q4 with net-new TCV of US$100 mn+....
Larsen & Toubro Ltd. has an average target of 4246.33 from 6 brokers.
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