Sharekhan's research report on LTIMindtree
Reported revenues stood at $1,153 million, up 0.8% q-o-q in CC terms, slightly missing our estimates of 1% q-o-q. EBIT margin expanded ~50 bps q-o-q to 14.3% in line with our estimate. Order inflow rose 16% y-o-y at $1.63 billion. Management is confident of sustaining growth momentum into Q2, driven by a robust pipeline and disciplined execution.
Outlook
We maintain Buy with an unchanged PT of Rs 6,200 (valued at 31xFY27E EPS). At CMP, the stock trades at 30.2/26x FY26/27E EPS.
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