LTIMindtree trades flat ahead of Q3 result announcement; here is what to expect
LTIMindtree Q3 Results: Key things to watch out for include revenue and margin guidance and the deal pipeline.
LTIMindtree Q3 Results: Shares of LTIMindtree were trading flat with a positive bias at Rs 6,244.55 apiece on the BSE (up 0.16 per cent) in the afternoon deals on Wednesday, January 17, in a weak market ahead of their December quarter (Q3FY24) result announcement, due later in the day.
Zee Business Research expects the company to report 1.6 per cent QoQ growth in its consolidated revenue at Rs 9,045 crore for the quarter under review. The company had posted revenue of Rs 8,905 crore in the previous quarter. Revenue in dollar terms is seen rising 1 per cent QoQ, while in constant currency (CC) terms, the revenue is expected to rise 1.2 per cent. Earnings before interest and tax (EBIT) are pegged at Rs 1,445 crore, up 1.5 per cent QoQ as compared to Rs 1,423 crore in Q2 FY24. Margins, on the other hand, are expected to remain flat at 16 per cent due to operational efficiency. Net profit or profit after tax (PAT) is expected to increase 2 per cent QoQ to Rs 1,185 crore.
Segment-wise, growth in the Hi-Tech and BFSI verticals is expected to be impacted due to higher furloughs, while the manufacturing segment is expected to aid growth with a good show.
Key things to watch out for include revenue and margin guidance and the deal pipeline.
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