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.
ICICI Direct Report
Tech Mahindra Ltd. is rapidly building up scale and momentum through its focus on large deals. The company won $3 billion of net new deal wins in last twelve months.
The company's top four verticals viz. communications media and entertainment (telecom), banking financial services and insurance, technology and manufacturing, which contributes 85% plus revenues, growing at double digits consistently on a YoY basis.
The company has been focusing on margin improvement as Ebit margins have improved 260 basis points in FY21 versus FY20.
Tech Mahindra also indicated that margin trajectory would continue to improve, going forward on elevated freshers hiring, efforts mix towards offshoring, yield management, portfolio synergy.
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