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L&T Tech, Cyient, Tata Elxsi, KPIT Q4 Review – Demand Environment Seems Intact: Prabhudas Lilladher – BloombergQuint

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Broad-based pickup in engineering research and development spends and ramp up of deals won earlier in the year led to strong revenue growth for all players across the industry in Q4 FY21.

Strong demand momentum in communications and healthcare verticals resulted in higher than pre-Covid-19 level revenues in these segments in FY21.

Though transportation showed strong recovery in H2 FY22, but is still not back to pre-Covid-19 levels.

Within this segment, there is strong pickup in automotive reflected by numerous large deals won by L&T Technology Services Ltd. (two deals), Tata Elxsi Ltd. (two deals) and KPIT Technologies Ltd. (five deals) in this domain segment.

Click on the attachment to read the full report:

Prabhudas Lilladher ITServices Update.pdf


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