Sharekhan's research report on LTIMindtree
The company expects growth in Q2 to be similar to Q1, with momentum in BFS expected to continue for the full year. Management believes utilisation has peaked and expects fresher intake, pyramid, and revenue growth to be margin levers. Benefits of the merger are gradually playing out, creating valuable cross-selling opportunities, especially in Digital Engineering, Data, and ERP.
Outlook
We maintain Buy with revised PT of Rs. 7,500 (valued at 32x its Sep26E EPS). At CMP, the stock trades at 35.9/29.9/25x its FY25/26/27E EPS.
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