5107.0000 40.50 (0.80%)
NSE Aug 12, 2025 15:31 PM
Volume: 156.9K
 

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LTIMindtree Ltd.
17 Jul 2020
5107.00
0.80%
Prabhudas Lilladhar
LTI reported CC de-growth of 4.7% QoQ exact in line with our estimates. LTI surprised on margins expanded 71bps QoQ to 17.4% (Ple:17%, Cons: 16.8%) led by 11% QoQ SG&A;, lower travel costs & higher proportion of offshore revenue (up 170 bps QoQ). Revenue decline was led by manufacturing (-16% QoQ) & Energy (-11% QoQ). Limited exposure to travel , hospitality and retail limited the revenue decline. Management guided Q1FY21 was trough & Q2FY21 will be flat or up QoQ & recovery will happen in 2HFY21. LTI bagged one large deal and solid execution in US just a 2.2% QoQ decline in Q1. No...
LTIMindtree Ltd. has an average target of 5573.56 from 9 brokers.
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