LTIMindtree Q2 Results Review - Mixed Bag; Commentary Turns Cautiously Optimistic: Dolat 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..Dolat Capital Report.LTIMindtree Ltd. reported constant currency revenue growth of 2.3% QoQ (our estimate: 2.5%), led by broadbased growth across verticals. Banking, financial services and insurance/healthcare (+3.9%/+6.1% QoQ) led the growth. Operating profit margin came at 15.5% up 46 bps QoQ (our estimate: 15.5%).The company is cautiously optimistic about sustaining momentum into H2, following strong performance in H1. However, Q3 typically faces seasonal challenges, including furloughs and fewer billing days, which may moderate growth run rate. Recent deals from the past two quarters are ramping up and supporting ongoing growth. The impact of furloughs remains uncertain, warranting close monitoring. We tweak our FY25/26E EPS estimate by -3%/-3.1%, given slight change in commentary on concerns over lower client spends due to overhang of U.S. elections, which may slow down deal ramp-ups. Given the recent price run, we revise our rating from Accumulate to ‘Reduce’ with target price of Rs 6,350 valuing at 30 times FY27E earnings per share..Click on the attachment to read the full report:.Infosys, Axis Bank, LTIMindtree, Wipro, Mphasis, Karur Vysys Bank Q2 Results Review: HDFC Securities.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 - Mixed Bag; Commentary Turns Cautiously Optimistic: Dolat Capital

The impact of furloughs remains uncertain, warranting close monitoring, says the brokerage.

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LTIMindtree Q2 Results Review - Mixed Bag; Commentary Turns Cautiously Optimistic: Dolat Capital

The impact of furloughs remains uncertain, warranting close monitoring, says the brokerage.

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