LTIMindtree Q2 Results Review - AI Strategy Remains The Focal Point: IDBI Capital

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..IDBI Capital Report.LTIMindtree Ltd. reported a ~$1127 million, up by 2.3% CC QoQ, inline with our estimates, mainly driven by broad-based verticals/geos and several multiyear deal closures in manufacturing, energy and utilities and banking, financial services verticals. The order inflow during the quarter stood at $ 1.3 billion on the back of cost optimization projects, vendor consolidation and logo additions. Apart from the healthy order book, absence of project cancellation impact, healthy deal pipeline and synergy benefits, we expect the company to deliver better FY25E versus FY24. Topline during the quarter was mainly driven by smaller accounts. Ebit margin during the quarter stood at 15.5%, up by 50 bps sequentially (absence of visa cost) and we believe that there is still some cushion left at the operating level. AI strategy plays key role in contributing to topline through reimaging, creating a supportive ecosystem and democratizing. We assume the stock under our coverage with a target price to Rs 7,000 (35 times FY26E EPS) with a Hold rating on the stock..Click on the attachment to read the full report: .LTIMindtree Q2 Results Review - Mixed Bag; Commentary Turns Cautiously Optimistic: Dolat Capital.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.

LTIMindtree Q2 Results Review - AI Strategy Remains The Focal Point: IDBI Capital

The brokerage assumes coverage on the stock with a target price of Rs 7,000 with a Hold rating.

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LTIMindtree Q2 Results Review - AI Strategy Remains The Focal Point: IDBI Capital

The brokerage assumes coverage on the stock with a target price of Rs 7,000 with a Hold rating.

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